193 Sheridan St Chicopee — Photo 1 of 8
$175,000
Investment Analysis — 193 Sheridan St
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 8.16% cap rate and $14,283/yr in estimated NOI at the $175,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,120
Style
Single Family
Built
1920
Calling investors and contractors! Take over a renovation already underway at 193 Sheridan Street in Chicopee. With city-approved plans and framing work completed, this single-family property offers a head start on your next project. Featuring approximately 1,120 square feet with three bedrooms and one full bath, the home sits on a generous 0.31-acre lot. Additional features include a full basement, vinyl siding, and off-street parking. The unfinished interior provides an opportunity to bring your vision to life, select your finishes, and add value through completion of the renovation. Whether you’re looking for your next resale project or a future addition to your rental portfolio, this property is ready for its next chapter. Buyers to verify approved plans, permit status, and remaining scope of work.
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: 560 sq ft (the lesser of 900 sq ft or half the 1,120 sq ft principal dwelling). Lot size: 13,527 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Nunley Group
Listing Office: Executive Real Estate, Inc.
MLS® Number: 73579721
