55 Gaylord Street

2 Structures on one lot ! Think about Generational living or the ADU possibilities! Current Gross Receipts for three out of the four units is $3,100 per month! Welcome to a truly unique property offering a rare combination of historic character, residential income, and an exceptional home business or workshop opportunity. Located in the historic Chicopee/Elms College area, this well-maintained 1880s home sits on an open corner lot and includes a detached carriage house that is perfect for an entrepreneur, craftsman, or hobbyist. The main residence features six bedrooms, four bathrooms, and two apartment units. The first-floor apartment provides convenient single-level living, while the second apartment spans the second and third floors, offering generous living space. The home also includes a dry basement with a concrete floor and has been thoughtfully maintained and improved over the years. Most of the home is insulated and features an updated hydronic four-zone natural gas heating system, with one area also benefiting from heat pump heating and cooling. Additional improvements include an on-demand natural gas water heater, 200-amp electrical service, carpentry repairs, and fresh exterior painting completed this summer. The detached carriage house, built in 1996, is a standout feature. The first floor offers an approximately 18' x 30' workshop with a large overhead door and opener, efficient LED lighting, wood-stove heat, hot and cold water, sink, toilet, air compressor, and 60-amp 220-volt electrical service. A 5 kW owner-owned, grid-tied solar electric system adds to the property's appeal. The second floor of the carriage house is a charming open loft featuring a full kitchen and full bathroom with tub and shower, mini-split heat pump, wood stove for backup heat, and beautiful natural wide-board yellow pine flooring throughout. Three skylights and a large south-facing picture window provide abundant natural light and create a unique atmosphere reminiscent of a peaceful treehouse retreat. With multiple living spaces, workshop capabilities, and excellent potential for rental income, this property is suited for those seeking a home-based business, additional income, multigenerational living.