238 E Main St - Apartments FOR SALE


Westfield, NY 14787
$650,000 USD
716-753-7880
238 E Main St, Westfield, NY for Sale
$650,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

238 E Main St
Westfield, NY 14787


HIGHLIGHTS

  • 10-units, 3 buildings, 1.5 acre parcel
  • 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. Once completed, the property would offer a total of 10 units and 19 bedrooms.
  • The main house includes five occupied units, common laundry facilities, and an unfinished 3-bedroom apartment on the third floor.
  • The rear building has been extensively remodeled and includes three apartments, common laundry facilities, a lower-level workshop
  • Exceptionally well-maintained investment property has been thoughtfully updated, offers strong current income, provides additional upside potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

10

PRICE/UNIT

$65,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

238 E Main St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1878

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R-3

APN/PARCEL ID

067201 193.13-2-9 01

ASK ABOUT THIS PROPERTY

Brandi RussoHoward Hanna Holt Real EstateMore Info
716-753-7880

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Brandi RussoHoward Hanna Holt Real EstateMore Info
716-753-7880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.