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4 Phelps Ave, Westfield MA 01085

$769,000

Estimated $1,331/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $128,166.67

Total Rent: 78000/year

Estimated CAP Rate:

10 Bedrooms

Baths

5065

Total Parking: 4

0 (0.00)

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.

This home has been viewed 15 times

Last Checked: October 21st, 2026 at 7:28am (Source: MLS PIN #73584910)

Gross Income: $78,000

Gross Expenses: $1,014

Net Income Calc: $76,986

Annual Expenses for 4 Phelps Ave, Westfield MA 01085

Total Gross Expenses (Calculated)$1,014/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax1014

Annual Income & Unit Breakdown for 4 Phelps Ave, Westfield MA 01085

Total Gross Income (Calculated)$78,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 4 Phelps Ave, Westfield MA 01085

Listing ID73584910

Property TypeMulti Family

Price769000 ($151.83/SqFt)

Style5+ Family - 5+ Units Up/down

CityWestfield

CountyHampden

Neighborhood(s)

Approximate Living Area Total5065

Approximate Lot Size (Acres)0

Total Parking4

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since,Finished, Never Occupi

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 4 Phelps Ave, Westfield MA 01085

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 4 Phelps Ave, Westfield MA 01085

Real Estate Taxes1014

Tax Year2026

Assessed Value$67,900

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 4 Phelps Ave, Westfield MA 01085

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 4 Phelps Ave, Westfield MA 01085

Agent

Name: Melissa Fitzgerald

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 84.5

Principal & Interest 4738.33

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

Melissa Fitzgerald

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

33 More Photos

Active

4 Phelps Ave, Westfield MA 01085

$769,000

Annual Expenses for 4 Phelps Ave, Westfield MA 01085

Annual Income & Unit Breakdown for 4 Phelps Ave, Westfield MA 01085

General Information for 4 Phelps Ave, Westfield MA 01085

Disclosures for 4 Phelps Ave, Westfield MA 01085

Financial Information for 4 Phelps Ave, Westfield MA 01085

Location Information for 4 Phelps Ave, Westfield MA 01085

Contact Information for 4 Phelps Ave, Westfield MA 01085

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

Melissa Fitzgerald