Investment Analysis — 28 Wells Ave

Chicopee, MA 01020

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01020 carries an estimated $2,120/mo in gross rent — about a 4.72% cap rate and $15,558/yr in estimated NOI at the $329,488 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,628

Style

Single Family

Built

1930

Welcome home to this charming 3-bedroom, 1-bath Colonial offering 1,638 sq. ft. of living space in a convenient Chicopee location! Situated on a quiet dead-end street, this home features a newer roof, low-maintenance vinyl siding, replacement windows throughout, and a newer water heater. The fenced-in yard provides plenty of space for outdoor enjoyment, pets, entertaining, or gardening. An oil-fired boiler provides heat, and the home is ready for immediate occupancy. Conveniently located near shopping, dining, major routes, and everyday amenities. A great opportunity for buyers looking to make Chicopee home—schedule your showing today!

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: 814 sq ft (the lesser of 900 sq ft or half the 1,628 sq ft principal dwelling). Lot size: 10,820 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 MLS and other third-party data may be inaccurate or out of date.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.