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10 Lewis Street Westfield — Photo 1 of 20

10 Lewis Street Westfield — Photo 1 of 20

$399,999

Investment Analysis — 10 Lewis Street

Westfield, MA 01085

Based on rent reported on the MLS listing, a 2-unit multi-family in 01085 carries $2,600/mo in gross rent — about a 4.64% cap rate and $18,575/yr in estimated NOI at the $399,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,708

Style

2 Family - 2 Units Up/Down

Built

1897

****ATTENTION OWNER OCCUPANTS!**** 2nd Floor Can Be Vacant for closing! 10 Lewis Street presents a solid opportunity to own an up/down two-family property in Westfield, offered at $399,000. Each unit features 2 bedrooms and 1 full bathroom, with large layouts that provide comfortable living space. Both apartments offer the convenience of in-unit laundry, while the first floor is heated by natural gas and the second floor by electric heat. Both hot water tanks are in good condition, and the electrical systems has been updated throughout both units. Most windows have been replaced, with the exception of two on the first floor in the front entry area, and new gutters add further exterior value.The first-floor unit is occupied by a long-term resident is remaining through the sale. 1st Floor currently pays $1,100/month on a month-to-month basis. The unit is in average condition. The second-floor unit has seen more recent updates, including new flooring and fresh paint, and also offers attic storage. 2nd Floor currently pays $1,500/month month-to-month and plans to vacate for the sale if need be , providing an opportunity for a new owner to occupy the unit, make additional improvements, or explore current market rental rates. A lead certificate is available for the second-floor unit; lead status for the first-floor unit is currently unknown.Outside, the property offers off-street parking for approximately four vehicles—a particularly valuable feature given that one side of Lewis Street has no street parking—as well as a large fenced backyard providing additional outdoor space. With two sizable units, separate heating arrangements, updated electrical, in-unit laundry, parking, and a private yard, this property offers flexibility for an owner-occupant, multi-generational household, or investor.Interested in buying, selling, investing, or renting? Reach out to me directly—I’d be happy to help you explore your next real estate opportunity and put my experience to work for you.

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

Original Price$399,999
Annual Taxes$5,137.41

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementBulkhead, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBrick/Mortar
ZoningRC

Property & Lot

Acres0.17
SqFt Lot7,405
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Listing Provided By

Listing Agent: Alessio Calabrese

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73581511