16 Otis St Westfield — Photo 1 of 22
$265,000
Investment Analysis — 16 Otis St
Westfield, MA 01085
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01085 carries an estimated $2,010/mo in gross rent — about a 5.41% cap rate and $14,346/yr in estimated NOI at the $265,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,465
Style
Single Family
Built
1889
Opportunity awaits with this well-loved 3-bedroom, 2-bath Colonial in a convenient downtown location! The first floor offers comfortable living space along with a handy laundry/pantry area. Outside, enjoy a surprisingly large, private backyard with plenty of room for gardening, entertaining, or simply relaxing. Close to shopping, dining, local amenities, and the bike/walking trail, this home puts everyday conveniences within easy reach. The property is ready for its next owner to bring fresh ideas and updates while building on its existing charm. A great option for buyers looking to add their own style and make a home truly theirs. Property is being sold as-is.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 733 sq ft (the lesser of 900 sq ft or half the 1,465 sq ft principal dwelling). Lot size: 6,600 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • Bike Path • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Dining Room
Lvl FirstFlooring - Laminate
Kitchen
Lvl FirstCeiling Fan(s)
Master Bedroom
Lvl SecondCeiling Fan(s), Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s)
Bathroom 1
Lvl FirstBathroom - With Tub & Shower
Bathroom 2
Lvl SecondBathroom - With Tub & Shower
Listing Agent: Aimee Tompkins
Listing Office: Park Square Realty
MLS® Number: 73572757
