187 Chestnut St, Holyoke, MA, 01040
About This Home
Fully vacant 2-family home offering a fantastic opportunity for both investors and owner-occupants! Each unit features 3 spacious bedrooms, large rooms, and high ceilings that create an open and inviting feel. With both units vacant, you can set your own rents or move right in while generating income from the second unit. The property also includes a walk-up attic with a finished room and additional unfinished space ready for your vision and renovation ideas. Current owner will leave building materials, including Sheetrock and insulation, to help complete the attic project. A detached 2-car garage provides additional storage, parking, or potential rental value. Conveniently located near shopping, restaurants, parks, schools, and major routes. Don’t miss the chance to add value and maximize returns with this versatile multifamily property in Holyoke!
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Window features: Insulated Windows
- Flooring: Wood
- Finished area above ground: 3,576
Interior Area
- Total structure area: 3,576
- Total interior livable area: 3,576 sqft
Property
Details
- Parcel number: 2529356
- Zoning: r2
Features
- Patio & porch: Porch
Lot
- Lot size: 8,576 sqft
Parking
- Total spaces: 12
- Parking features: Paved Drive,Off Street
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Uncovered spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,022 | $24,264 |
| Home Insurance * | $195 | $2,340 |
| Property Taxes | $584 | $7,008 |
| Electricity | $705 | $8,461 |
| Total | $3,506 | $42,072 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $380,000 |
| 2026-06-21 | Listed for sale | $399,999 |
| 2023-12-01 | Sold | $310,000 |
| 2023-08-30 | Pending sale | $275,000 |
| 2023-07-20 | Listed for sale | $275,000 |
| 2023-07-12 | Contingent | $275,000 |
| 2023-07-06 | Listed for sale | $275,000 |
| 1996-04-25 | Sold | $59,900 |
| 1993-09-21 | Sold | $10,000 |
| 1993-06-21 | Sold | $34,500 |
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