Active
88 Days on market
12 Franklin Ave Westfield — Photo 1 of 19

12 Franklin Ave Westfield — Photo 1 of 19

Recent Drop: $25,000

$800,000
$775,000

$775,000

Investment Analysis — 12 Franklin Ave

Westfield, MA 01085

Based on rent reported on the MLS listing, a 5-unit multi-family in 01085 carries $7,585/mo in gross rent — about a 8.21% cap rate and $63,634/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

5

SqFt

4,503

Style

5-9 Family

Built

1890

12 Franklin Ave contains three (3) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units with 4,503 square feet of gross living area in 7,013 square feet of gross area. The Property is situated upon a 0.20-acre parcel and features five (5) off-street parking spaces. 12 Franklin Avenue is well-positioned in downtown Westfield, offering direct access to the city’s central business district, neighborhood retail corridors, and surrounding residential neighborhoods. Tenants are responsible for gas-powered heat & hot water utilities, as well as separately metered electricity. The Landlord is responsible for providing city water & sewer. A primary demand anchor is Westfield State University, a regional higher education institution with approximately 4,600 students that contributes to consistent renter demand from students, faculty, and staff. The opportunity exists to acquire a well-maintained asset in a desirable Western Mass community.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$800,000
Annual Taxes$5,541

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms18
FireplacesNone
FlooringWood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionSee Remarks
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres0.2
SqFt Lot8,712
Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Property History

Price Drop
$775,000

Was $800,000

Jul 27, 2026

MLS® 73536486

Listed
$800,000

Jun 16, 2026

MLS® 73536486

Sold
$1,285

Jan 14, 2026

MLS® 73450833

Sold
$1,700

Jan 14, 2026

MLS® 73450831

Sold
$1,700

Nov 22, 2025

MLS® 73442512

Listed
$1,400

Nov 3, 2025

MLS® 73450833

Listed
$1,700

Nov 3, 2025

MLS® 73450831

Listed
$1,700

Oct 10, 2025

MLS® 73442512

Listing Provided By

Listing Agent: Michael Bradley

Listing Office: Horvath & Tremblay

MLS® Number: 73536486