Investment Analysis — 63 Martha Street

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 5.79% cap rate and $15,641/yr in estimated NOI at the $270,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,134

Style

Single Family

Built

1953

This charming 3 bedroom ranch is perfectly situated on a spacious corner lot with great views! Step inside to the living room with wood floors, a dining nook and large picture window. The quaint kitchen has white cabinetry and opens to a good sized dining room. The full bath has undergone a beautiful remodel with walk-in shower and all new fixtures in '25. There is an option for first floor laundry with hook ups in one of the bedrooms, however washer & dryer have been relocated back to the lower level. The primary bedroom has great space, wood floors and double closet. The other 2 bedrooms also have wood floors. The home features many replacement windows throughout. The lower level has a fireplace and room to create a recreation room. Additional space in basement has another egress and could be a future bath. The yard features a patio - perfect to relax, unwind and enjoy the views. There's a shed for extra storage and a driveway off the side street for direct access to the house - can pull right up, don't need to use front stairs. Bonus - a brand new electrical service was just installed! Roof & Furnace 2010 (APO) Make time to view this home and can customize to make it your own!

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: 567 sq ft (the lesser of 900 sq ft or half the 1,134 sq ft principal dwelling). Lot size: 10,018 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.