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238 E Main St 238 E Main St 10 Unit Apartment Building $650,000 ($65,000/Unit) Westfield, NY 14787
Investment Highlights
- 10-units, 3 buildings, 1.5 acre parcel
- There are currently nine occupied units totaling 16 bedrooms. Once completed, the property would offer a total of 10 units and 19 bedrooms.
- The rear building has been extensively remodeled and includes three apartments, common laundry facilities, a lower-level workshop
- The property consists of a main house, a rear building, and a detached 1-bedroom cottage.
- The main house includes five occupied units, common laundry facilities, and an unfinished 3-bedroom apartment on the third floor.
- Exceptionally well-maintained investment property has been thoughtfully updated, offers strong current income, provides additional upside potential
Executive Summary
Excellent opportunity to own a well-maintained, income-producing apartment property in a prime Village of Westfield location, just minutes from the school, shopping, hospital, restaurants, and other local amenities. The property consists of a main house, a rear building, and a detached 1-bedroom cottage. There are currently nine occupied units totaling 16 bedrooms, including two 1-bedroom apartments, five 2-bedroom apartments, one 3-bedroom apartment, and the separate 1-bedroom cottage. The owners currently occupy the largest 2-bedroom unit, offering additional rental income potential for the next owner. The main house includes five occupied units, common laundry facilities, and an unfinished 3-bedroom apartment on the third floor. This is the only unit not currently in service and is not included in the rental income. Once completed, the property would offer a total of 10 units and 19 bedrooms. The rear building has been extensively remodeled and includes three apartments, common laundry facilities, a lower-level workshop, and a fire sprinkler system. The detached cottage was renovated in 2026. Over the past six years, the owners have made substantial improvements throughout all three buildings, both inside and out. This exceptionally well-maintained investment property has been thoughtfully updated, offers strong current income, and provides additional upside potential for the next owner. Taxes, square footage, and lot size shown are combined figures for both parcels being sold together: 238 E. Main Street and 238 1/2 E. Main Street.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $65,000 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 12,998 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1878 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R-3 - Residential-Higher-density residential category | ||
| Price | $650,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 12,998 SF |
| No. Stories | 3 |
| Year Built | 1878 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3 - Residential-Higher-density residential category |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Basement
- Porch
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 3 | - | - |
| 3+1 | 2 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 067201 193.13-2-9 01 | Total Assessment | $155,000 |
| Land Assessment | $30,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $125,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
067201 193.13-2-9 01
Land Assessment
$30,000
Improvements Assessment
$125,000
Total Assessment
$155,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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