Duplex with Updated
For Sale
$499,000
5 Princeton St, Westfield, MA 01085
Two residential units feature renovated baths, stainless steel appliances, and in-unit laundry.
Property Size3,700 SF
Price / SF$134.86
Days on Market65
Property Features for 5 Princeton St
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
in unit laundry
rear deck
shed
Building Details
Year Built
1810
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
Marisol Franco · License #9538287
(413) 569-3003
Source:
Nrgrealestate
Added: Aug 2
Changed: Sep 28
Last Checked: Oct 4 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
This 3,700-square-foot duplex contains two residential units with spacious living and dining areas, updated kitchens equipped with stainless steel appliances, renovated bathrooms, and in-unit laundry. The second-floor unit is vacant and ready for occupancy, while the first-floor unit is scheduled to become vacant by mid-August. A large rear deck extends toward the backyard, which also includes a shed. The property was built in 1810, with a roof approximately 6 years old and mechanical systems approximately 5 years old.
The home is located at 5 Princeton Street in Westfield, Massachusetts, near shopping, restaurants, schools, and parks. Access to the Massachusetts Turnpike is nearby, and downtown Westfield is a short drive away.
The home is located at 5 Princeton Street in Westfield, Massachusetts, near shopping, restaurants, schools, and parks. Access to the Massachusetts Turnpike is nearby, and downtown Westfield is a short drive away.
Key Highlights
- 3,700‑square‑foot duplex at 5 Princeton Street, Westfield, MA 01085
- Second‑floor unit is vacant and ready for occupancy
- First‑floor unit scheduled to be vacant by mid‑August
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,911
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,220
$898.2K
Cap Rate 7%
$641,586
$641.6K
Cap Rate 9%
$499,011
$499.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$86.1K $23.28/SF
− Vacancy
−$4.5K −$1.21/SF
EGI
$81.7K $22.07/SF
− OpEx
−$36.7K −$9.93/SF
NOI
$44.9K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,220
Cap Rate 7%
$641,586
Cap Rate 9%
$499,011
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,461 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.5K
NOI $44,911 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,627 @ 7.0% cap · market cap 31.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 01085, MA
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature renovated baths, stainless steel appliances, and in-unit laundry.
Where is this duplex located?
The property is located at 5 Princeton St Westfield, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,700‑square‑foot duplex at 5 Princeton Street, Westfield, MA 01085; Second‑floor unit is vacant and ready for occupancy; First‑floor unit scheduled to be vacant by mid‑August
