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31997237
31997236

12 Franklin Avenue, Westfield, MA 01085

DK
MA MA 9504385
Horvath & Tremblay
MB
MA MA 1000571-RE-RB:
Horvath & Tremblay
Listed by Horvath & Tremblay
$800,000
38 days on market
Updated 38 days ago

12 Franklin Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,013
Units 5
Cap Rate 8.49%
NOI $67,899
Price per SqFt $178
Year Built 1890
Buildings 1
Acreage 0.200

Multifamily | 8.49% Cap | 7,013 SqFt

Marketing description

ACCESS & CONNECTIVITY

12 Franklin Ave in Westfield offers strong regional access by road and transit, with the property sitting near downtown Westfield and Route 20, which connects directly to the Massachusetts Turnpike (I-90) and links quickly to I-91 via the Westfield/Springfield corridor.

For public transportation, the Pioneer Valley Transit Authority’s R10 bus serves Westfield and runs between Westfield State University and Springfield Union Station, with stops in central Westfield and service to Springfield’s rail hub. While Westfield itself does not have a major passenger rail station, the nearest rail access is Springfield Union Station, where Amtrak and regional rail services are available, making it the primary train connection for the area.

AREA AMENITIES & DEMAND DRIVERS

The local economy is supported by a mix of manufacturing, healthcare, and industrial employers, including firms such as Abbott Laboratories, IMMI, and Bastian Solutions, alongside a broader base of precision manufacturing and construction-related businesses that collectively provide a stable employment base within the city.

The Property also benefits from its position within the broader Pioneer Valley, offering proximity to larger employment hubs such as Springfield and Hartford, both of which expand the regional labor pool and support commuter-driven housing demand.

The area offers strong lifestyle appeal with access to outdoor recreation throughout Western Massachusetts, including proximity to the Berkshires, regional parks, and trail systems, reinforcing the area’s attractiveness for renters seeking a balance between affordability and quality of life.

NEARBY HIGHER EDUCATION

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, while also supporting a steady flow of cultural programming, athletics, and community activity.

SEPARATELY METERED UTILITIES

Tenants are responsible for gas-powered heat & hot water utilities, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

OFF-STREET PARKING & AMENITIES

The Property features ample parking with five (5) off-street parking spaces.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 12,400 people live within 1 mile of the Property with an average household income of $86,610. Over 36,000 people reside within 3 miles of the Property with an average household income of $110,303.

QUALITY OF LIFE AMENITIES

The immediate area features a growing local dining scene anchored by neighborhood favorites such as Bite Club and Tribeca Gastro Bar & Grille, complemented by a broader mix of casual eateries, national quick-service restaurants, and regional chains located along Main Street (U.S. Route 20).

Retail needs are well-served by a combination of national grocers and local markets, including Price Rite Marketplace of Westfield and Delaney's Market Westfield, as well as larger shopping destinations such as Westgate Plaza. Additional grocery stores in the area include Stop & Shop, Big Y, and ALDI.

Outdoor recreation is a key quality-of-life driver in Westfield, highlighted by access to well-maintained green spaces such as Stanley Park, a highly regarded regional destination offering walking trails, gardens, and open space, along with the Westfield River Esplanade, which provides scenic riverfront paths and passive recreation opportunities.

Investment highlights

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 12 Franklin Ave in Westfield, MA (the “Property”). The multi-story building 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. The property benefits from convenient connectivity to key regional routes including U.S. Route 20 (Franklin Street) and nearby Massachusetts Route 10 / Massachusetts Route 202, as well as close proximity to the Massachusetts Turnpike, providing efficient regional access throughout Western Massachusetts and into the broader Pioneer Valley, including Springfield and Hartford.

Listing Contacts

DK
MA MA 9504385
Horvath & Tremblay
MB
MA MA 1000571-RE-RB:
Horvath & Tremblay
Listed by Horvath & Tremblay

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$67,899.00
$5,658.25/mo

Valuation Metrics

0
DSCR
8.49%
Cap Rate
8.49%
ROI

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Additional Information

Name
Dennis Kelleher
License
MA 9504385
Name
Michael Bradley
License
MA 1000571-RE-RB:
Brokerage
Horvath & Tremblay
Brokerage Phone
7813002502
Title
Vice President
Brokerage Address
2 Corporate Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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