205 Elm St, Westfield, MA, 01085
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1887
Materials
- Foundation: Block
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family - 3 Units Up/Down
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Finished area above ground: 5,394
Interior Area
- Total structure area: 5,394
- Total interior livable area: 5,394 sqft
Property
Details
- Parcel number: M:9 L:44,2633139
- Zoning: Mixed use
Lot
- Lot size: 4,140 sqft
Parking
- Total spaces: 6
- Parking features: Paved Drive,Off Street
- Has uncovered spaces: Yes
- Uncovered spaces: 6
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
- Cold Wave
- Hurricane
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,224 | $26,688 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $516 | $6,192 |
| Electricity | $1,063 | $12,763 |
| Total | $3,969 | $47,628 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $439,900 |
| 2026-04-20 | Listed for sale | $449,900 |
| 2024-09-13 | Sold | $375,000 |
| 2024-06-17 | Listed for sale | $359,900 |
| 2024-05-08 | Contingent | $359,900 |
| 2024-04-30 | Listed for sale | $359,900 |
| 2022-06-03 | Listing removed | -- |
| 2021-08-17 | Listing removed | $359,900 |
| 2021-07-12 | Listed for sale | $359,900 |
| 2006-07-05 | Sold | $80,000 |
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