Investment Analysis — 23 Frederick St

Westfield, MA 01085

Based on rent reported on the MLS listing, a 3-unit multi-family in 01085 carries $3,400/mo in gross rent — about a 5.24% cap rate and $25,908/yr in estimated NOI at the $494,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,800

Style

3 Family - 3 Units Up/Down

Built

1913

Three-family home in Westfield with two occupied units and a vacant third-floor unit. The first and second floors each offer five rooms, three bedrooms, and one full bathroom. The third floor has four rooms, two bedrooms, and one full bathroom, giving a buyer the option to occupy that unit or rent it out. The first-floor tenant has lived in the property for approximately 13 years and pays $1,150 per month. The second-floor tenant has been there approximately eight years and pays $1,200 per month. Both tenants are on month-to-month agreements. The vacant third-floor unit was previously rented for $1,050 per month. Tenants pay for their own gas, electricity, and hot water; the third floor has electric heat. The owner pays for water and sewer. The roof was replaced in 2021. Additional features include wood floors, vinyl siding, enclosed porches, a full basement with bulkhead access, off-street parking for up to six vehicles, and a large backyard. The City of Westfield treats the property as one parcel. Buyers interested in the potential for a separate building lot should verify feasibility and any required approvals directly with the city.

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 MLS and other third-party data may be inaccurate or out of date.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.