205 Elm St Westfield, MA 01085
Estimated payment $2,728/month
About This Home
Don’t miss your chance to own this cash flowing asset. This well-positioned three-story building offers strong, consistent income with multiple revenue streams already in place. The property features a fully equipped commercial space on the first floor currently set up to be used as a restaurant, providing immediate business potential or the flexibility for a new concept. Above, residential units generate steady monthly income, making this a true turnkey investment. Recent updates throughout the property, combined with its solid rental history, create a reliable foundation for both seasoned investors and ambitious entrepreneurs. With ample parking, close proximity to I-90, and easy access to Westfield State University, the location supports long-term growth and tenant demand. Whether you’re looking to expand your portfolio or establish your own business while collecting rental income this property delivers both stability and upside potential.
Listing Agent
Maritza Zavala
Naples Realty Group Listed on: 04/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,565
Year Built
- Built in 1887
Home Design
- Triplex
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 5,394 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- 6 Open Parking Spaces
- Off-Street Parking
Additional Features
- 4,140 Sq Ft Lot
- Property is near public transit and schools
Community Details
- 3 Units
- Shops
- Net Operating Income $67,200
Listing and Financial Details
- Assessor Parcel Number M:9 L:44,2633139
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,565 | $300,700 | $98,600 | $202,100 |
| 2024 | -- | $281,300 | $89,700 | $191,600 |
| 2023 | $5,710 | $252,700 | $85,400 | $167,300 |
| 2022 | $0 | $233,100 | $76,300 | $156,800 |
| 2021 | $337 | $228,700 | $71,900 | $156,800 |
| 2020 | $5,689 | $228,700 | $71,900 | $156,800 |
| 2019 | $330 | $219,500 | $68,500 | $151,000 |
| 2018 | $322 | $216,000 | $68,500 | $147,500 |
| 2017 | $0 | $210,100 | $69,600 | $140,500 |
| 2016 | $3,626 | $210,100 | $69,600 | $140,500 |
| 2015 | $3,626 | $203,200 | $69,600 | $133,600 |
| 2014 | $3,626 | $203,200 | $69,600 | $133,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/07/2026 05/07/26 | Price Changed | $439,900 | -2.2% | $82 / Sq Ft | |
| 04/20/2026 04/20/26 | For Sale | $449,900 | +20.0% | $83 / Sq Ft | |
| 09/13/2024 09/13/24 | Sold | $375,000 | +4.2% | $70 / Sq Ft | View Prior Sale |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- | |
| 06/17/2024 06/17/24 | For Sale | $359,900 | 0.0% | $67 / Sq Ft | |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- | |
| 04/30/2024 04/30/24 | For Sale | $359,900 | -- | $67 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $375,000 | None Available | |
| Warranty Deed | $375,000 | None Available | |
| Deed | $80,000 | -- | |
| Deed | $80,000 | -- | |
| Deed | $80,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $35,000 | Purchase Money Mortgage | |
| Previous Owner | $368,207 | FHA | |
| Previous Owner | $145,000 | Commercial | |
| Previous Owner | $125,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73504152
APN: WFLD-000009-000000-000044
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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