Three-Story Mixed-Use Investment
For Sale
$439,900
205 Elm Street, Westfield, MA 01085
Three-story building with a fully equipped first-floor restaurant space and residential units above generating rental income.
Property Size5,394 SF
Price / SF$81.55
Days on Market144
Property Features for 205 Elm Street
General Information
Standard status
Active
Size
5,394 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Building Details
Year Built
1887
Stories
3
Listing Agency:
Naples Realty Group
Listed By:
Maritza Zavala
(413) 665-3771
Source:
Cbcommunityrealtors
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 4:37PM
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 Naples Realty Group
Investment Insights
Based on property information with market context.
This three-story mixed-use building offers multiple income streams with a fully equipped commercial space on the first floor currently set up for restaurant use. Residential units occupy the upper floors and generate steady monthly income.
The property has seen recent updates throughout, and the current setup supports straightforward ownership. It also features ample parking, with close proximity to I-90 and easy access to Westfield State University, providing convenient day-to-day access for tenants and customers.
The combination of an operating restaurant space below and residential income above creates a turnkey-style configuration designed for investors seeking consistent returns and flexible opportunities for the commercial space.
The property has seen recent updates throughout, and the current setup supports straightforward ownership. It also features ample parking, with close proximity to I-90 and easy access to Westfield State University, providing convenient day-to-day access for tenants and customers.
The combination of an operating restaurant space below and residential income above creates a turnkey-style configuration designed for investors seeking consistent returns and flexible opportunities for the commercial space.
Key Highlights
- Year built 1887 three‑story building with fully equipped commercial space on the first floor and rental units above
- First‑floor commercial space is set up as a restaurant and includes included equipment for immediate use
- Residential units above generate steady monthly rental income
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,128
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-story building with a fully equipped first-floor restaurant space and residential units above generating rental income.
Where is this multifamily property located?
The property is located at 205 Elm Street Westfield, MA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Year built 1887 three‑story building with fully equipped commercial space on the first floor and rental units above; First‑floor commercial space is set up as a restaurant and includes included equipment for immediate use; Residential units above generate steady monthly rental income
