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4 Phelps Ave Westfield — Photo 1 of 36

4 Phelps Ave Westfield — Photo 1 of 36

$769,000

Investment Analysis — 4 Phelps Ave

Westfield, MA 01085

Based on rent reported on the MLS listing, a 6-unit multi-family in 01085 carries $10,250/mo in gross rent — about a 12.02% cap rate and $92,466/yr in estimated NOI at the $769,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

10

Baths

6

SqFt

5,065

Style

5+ Family - 5+ Units Up/Down

Built

2026

You won’t find another opportunity like this! Ideally located in downtown Westfield, just minutes from Westfield State University and with sidewalk access to Park Square’s local restaurants, shops, and amenities, plus convenient commuter access to the Mass Pike. Lead certs available for all units prior to closing! This impressive, fully vacant 6-family has been completely renovated, offering the next owner peace of mind for years to come! A rare opportunity to select your own tenants and establish strong market rents from day one! Each apartment features luxury vinyl flooring, carpeted bedrooms, upgraded kitchens with stainless steel appliances, full baths, and in-unit laundry hookups. You’ll be pleasantly surprised by the spacious layouts throughout! The first floor offers two 1-bedroom apartments and one 2-bedroom apartment, while the second floor features two 2-bedroom units. The third-floor loft completes the property with an impressive 2+bedroom apartment featuring large kitchen, dining area, full bath, expansive layout, and beautiful mountain views. All units have separate utilities, with electrical panels and water heaters conveniently located within their respective apartments. Westfield municipal utilities help keep costs manageable, while access to high-speed internet adds another attractive amenity for today’s tenants. A truly exceptional opportunity to add a turnkey multifamily asset to your portfolio. Do not miss it

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$769,000
Annual Taxes$1,014

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms22
FireplacesNone
FlooringCarpet
BasementFull, Interior Entry

Climate & Utilities

HeatingElectric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres--
SqFt Lot0.09
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Listing Provided By

Listing Agent: Melissa Fitzgerald

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73584910