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5 Days on market

22 Lemuel Ave Chicopee — Photo 1 of 42

$319,000

Investment Analysis — 22 Lemuel Ave

Chicopee, MA 01013

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01013 carries an estimated $1,960/mo in gross rent — about a 4.40% cap rate and $14,047/yr in estimated NOI at the $319,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,402

Style

Single Family

Built

1935

Welcome to this inviting 1,402sqft single-family home in an established Chicopee neighborhood, where classic character meets everyday comfort. An enclosed porch entryway creates a warm first impression and leads into a bright interior featuring beautiful wood flooring, soft natural light, and a cozy fireplace.The thoughtfully designed layout offers comfortable spaces for both everyday living and entertaining. The spacious living room provides plenty of room to relax or host guests, while the kitchen features granite countertops, stainless steel appliances, generous cabinet storage, a large pantry, and ample workspace. The adjoining dining area creates an easy flow for family meals and gatherings. Three generous sized bedrooms offer peaceful private retreats with ample closet space, complemented by 1.5 well-maintained bathrooms.Step outside to the oversized deck, perfect for outdoor dining, relaxing, entertaining, or enjoying the changing seasons. The manageable yard provides room for gardening, weekend activities, or simply enjoying some fresh air, while private off-street parking adds everyday convenience.Ideally located just minutes from Elms College, Rivers Park, local schools, shopping, restaurants, and everyday amenities, the home also offers easy access to major commuter routes including I-391, I-91, and Route 33. With its blend of classic charm, practical updates, comfortable living spaces, and convenient location, this home offers a welcoming setting for everyday life, weekend gatherings, and creating new memories.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 701 sq ft (the lesser of 900 sq ft or half the 1,402 sq ft principal dwelling). Lot size: 5,355 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.