This turn-key multifamily property features two fully vacant, updated units—ideal for investors or owner-occupants. The first-floor unit offers a spacious 3-bedroom layout, while the second-floor unit includes a well-appointed 1-bedroom residence. Both units have been tastefully updated with brand-new kitchens and offer bright, open living spaces throughout. Electric heat in both units provides efficient, separate utilities. The property also boasts ample off-street parking, adding convenience for residents and guests. With no immediate work needed, this is a true move-in-ready opportunity with strong rental or owner-occupied potential. A rare chance to own a vacant, updated multifamily with flexibility and income potential.
Multi-familyProperty Type
1920Year Built
7,067 sq ftLot Size
$218Est. Price/Sq.Ft.
4 spacesParking
Listed by The Gerber Group• Naples Realty Group
Bought with The Hamre Martin Team• Real Broker MA, LLC
Why rent when you can purchase this great investment property, and have the rental income pay for your mortgage! This Two family, upper-lower, has, separate heating systems, entrances and much more. Just waiting for your upgrading and final touches. Easy access to highways, and all amenities. Please see attachments for viewing instructions.Buyer’s agent to verify all municipal information & street card.Heating and Plumbing may have freeze damage
MLS PIN #72922722
May 2, 2022
Sold
$166,000
$88/sq ft
Feb 22, 2022
Relisted
—
Jan 10, 2022
Price Changed
$206,100
$110/sq ft
Nov 24, 2021
Listed
$229,000
$122/sq ft
+13
BACK ON MARKET!! GREAT INCOME PROPERTY (legal 2-unit with two full kitchens): or a ROOMY SINGLE-FAMILY HOME, INCONVENIENT LOCATION IN CHIOCOPEE!! EASY ACCESS TO MAIN ARTERIES AND BUSINESS/SHOPPING AMENITIES!! A SPACIOUS COLONIAL WITH FULL BASEMENT AND PLENTY OF ROOMS TO CREATE MORE BEDROOMS!! 2 FULL BATHS!! Many replacement windows. HUD Home. Sold “AS IS” by electronic bid only. Property Available 01-10-22. ONLINE BIDDING daily to11:59 PM Central Time until sold. FHA Case #251-33740. UI(Uninsured). Eligible for FHA 203K. Buyer to verify all info. Equal Housing Opportunity. Finance Terms: Cash, FHA, and Conventional. Seller Disclosures attached. Please make an appointment to view this home with a Real Estate Agent or Broker of your choice. (Please note: public record indicates home as 2-unit residential. Public record attached)
Public Records
Sep 28, 1990
Sold
$114,500
$61/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,734 (+19.5%)
$57,800 + $188,700
$246,500
2022
$3,124 (+5.4%)
$50,200 + $133,700
$183,900
2021
$2,964 (+6.1%)
$45,700 + $122,600
$168,300
2020
$2,794 (+2.5%)
$45,700 + $114,300
$160,000
2019
$2,726 (+2.3%)
$45,700 + $106,100
$151,800
2018
$2,664 (+18.9%)
$43,500 + $102,000
$145,500
2017
$2,240 (+4.9%)
$44,600 + $84,800
$129,400
2016
$2,136 (−2.4%)
$44,600 + $81,700
$126,300
2015
$2,189 (+6.3%)
$44,600 + $80,200
$124,800
2014
$2,060 (−12.9%)
$44,600 + $80,200
$124,800
2013
$2,364 (+2.3%)
$49,400 + $100,800
$150,200
2012
$2,310 (+1.9%)
$49,400 + $105,300
$154,700
2011
$2,268
$49,400 + $105,300
$154,700
Tax history for 88 Prospect St
Year
Property tax
Land + Additions
Assessment*
2023
$3,734 (+19.5%)
$57,800 + $188,700
$246,500
2022
$3,124 (+5.4%)
$50,200 + $133,700
$183,900
2021
$2,964 (+6.1%)
$45,700 + $122,600
$168,300
2020
$2,794 (+2.5%)
$45,700 + $114,300
$160,000
2019
$2,726 (+2.3%)
$45,700 + $106,100
$151,800
2018
$2,664 (+18.9%)
$43,500 + $102,000
$145,500
2017
$2,240 (+4.9%)
$44,600 + $84,800
$129,400
2016
$2,136 (−2.4%)
$44,600 + $81,700
$126,300
2015
$2,189 (+6.3%)
$44,600 + $80,200
$124,800
2014
$2,060 (−12.9%)
$44,600 + $80,200
$124,800
2013
$2,364 (+2.3%)
$49,400 + $100,800
$150,200
2012
$2,310 (+1.9%)
$49,400 + $105,300
$154,700
2011
$2,268
$49,400 + $105,300
$154,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
—
Sq. Ft.
1,877
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Hampden County
APN
2511096
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
Property details
Parking
Parking Information
Has Open Parking
Open Parking Spaces: 4
Parking Spaces: 4
Parking Features: Paved Drive
Interior
Bathroom Information
# of Bathrooms (Full): 3
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 9
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 1,877
Foundation Details: Block
Construction Materials: Frame
Stories (Total): 2
Year Built Source: Public Records
Year Built Details: Actual
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 2 Family - 2 Units Up/Down
Above Grade Finished Area: 1877
Levels: 2
Lot Information
Lot Size (Acres): 0.16
Lot Features: Level
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $4,231
Tax Year: 2025
Utilities
Utility Information
Utilities: for Electric Range, for Electric Oven
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers
Location
Location Information
Directions: USE GPS
UnparsedAddress: 88 Prospect St, Chicopee MA 01013
Community Information
Senior CommunityYN: No
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 1,877
Stories: 2.0
Lot Size: 6,970 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Hampden County
APN: 2511096
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
K - 12
Preschool & daycare
Lambert-Lavoie Elementary School
Public K-5 • Assigned • 1.2mi
5/10
Fairview Middle School
Public 6-8 • Assigned • 3.2mi
4/10
Chicopee Comprehensive High School
Public 9-12 • Assigned • 1.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 97° expected this year, 16 days in 30 years
5/10 Wind Factor
23% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Chicopee, MA • 01013
Average low and high temperatures (°F)
32
18
35
19
52
31
63
41
71
50
83
61
87
66
83
59
78
55
64
44
52
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$389,000 – $471,000
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