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5 Princeton St, Westfield, MA, 01085

7beds
2baths
3,700sqft
$499,000
$135price/sqft
$4,055/moest. monthly cost
$162,200/yrincome needed

About This Home

Excellent investment opportunity in Westfield! This well-maintained two family home offers flexibility for both owner-occupants and investors. The second floor unit is vacant and ready for immediate occupancy, while the first-floor unit, also offering 4 bedrooms, is scheduled to be vacant by mid-August. Both units feature spacious living and dining rooms, updated kitchens with stainless steel appliances, renovated baths, and in unit laundry. A large rear deck overlooks the backyard, providing additional outdoor space to enjoy and a shed. The roof is approximately 6 years old, and the mechanical systems are approximately 5 years old, offering added value. Conveniently located near shopping, restaurants, schools, parks, and with easy access to the Massachusetts Turnpike, this property is just a short drive from downtown Westfield. Whether you’re looking to owner occupy or expand your investment portfolio, this is an opportunity you won’t want to miss.

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

6/10
4/10
Westfield Middle SchoolGrades 7-81.4 mi
6/10
Westfield High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1810

Materials

  • Foundation: Brick/Mortar
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Family - 2 Units Up/Down

Interior

Appliances

  • Appliances included: Range,Dishwasher,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Living Room,Kitchen,Dining Room
  • Flooring: Vinyl,Carpet,Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 3,700

Heating

  • Heating features: Oil

Interior Area

  • Total structure area: 3,700
  • Total interior livable area: 3,700 sqft

Property

Details

  • Parcel number: 2642984
  • Zoning: res

Features

  • Patio & porch: Deck

Lot

  • Lot size: 0.30 Acres
  • Features: Cleared,Level

Parking

  • Total spaces: 5
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hurricane
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$189$2,268
Property Taxes $614$7,368
Electricity $729$8,755
Total$4,055$48,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,028/yr
40% on housing$121,650/yr
45% on housing$108,133/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$135This listing

vs Other Active Listings

Avg $/sqft

ZIP 01085$194
Hampden County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 01085$216
Hampden County$227

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Listed for sale$499,000
2020-03-05Sold$140,000
2020-02-08Pending sale$154,900
2020-01-14Price change$154,900
2019-12-18Price change$162,500
2019-11-15Price change$169,900
2019-10-17Price change$179,900
2019-09-19Listed for sale$189,900
2019-06-27Sold$243,457
2003-02-20Sold$137,000

For Sale by Agent

AgentMarisol Franco
BrokerageColdwell Banker Realty - Western MA

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