35 Lorraine St Chicopee — Photo 1 of 40
$200,000
Investment Analysis — 35 Lorraine 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 6.97% cap rate and $13,937/yr in estimated NOI at the $200,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,383
Style
Single Family
Built
1930
Charming Colonial with classic character, a wonderful neighborhood setting, and plenty of opportunity to make it your own! This beautiful 3-bedroom, 1-bath single-family home offers approximately 1,383 square feet of living space on a 0.17-acre lot, with the added convenience of a one-car garage. Step inside and discover a home filled with traditional charm and comfortable living spaces. The layout offers three bedrooms, a full bath, and the perfect foundation for a fresh cosmetic update—or simply move in and enjoy the home as it is. A newer mini-split system provides an added modern upgrade and year-round comfort. Outside, the large private yard creates a wonderful space for gardening, entertaining, relaxing, or enjoying time outdoors. The property is nestled in a desirable neighborhood that offers a welcoming residential setting while remaining convenient to everyday amenities. Whether you're a first-time buyer looking for an affordable opportunity, an investor seeking potential, or someone ready to bring their own style to a classic home, this property offers excellent possibilities. With its character, garage, private yard, and newer mini-split system, this is a fantastic opportunity to purchase a home at a lower cost and create something truly your own. Come see the potential and imagine the possibilities!
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: 692 sq ft (the lesser of 900 sq ft or half the 1,383 sq ft principal dwelling). Lot size: 7,500 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
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wall to Wall Carpet
Dining Room
Lvl FirstKitchen
Lvl Main,FirstCloset, Open Floorplan
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstListing Agent: Patriot Living Group
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73578600
