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33279775
33279777

238 E Main St, Westfield, NY 14787

NH
10401209202
Howard Hanna Holt - Mayville
Listed by Howard Hanna Holt - Mayville
$650,000
1 day on market
Updated 1 day ago

238 E Main St

Details
APN 067201-193-013-0002-009-000, 067201-193-013-0002-010-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,998
Units 10
Beds 19
Cap Rate 10.66%
NOI $69,300
Occupancy 90%
Tenancy Multi
Broker Co-Op True
Year Built 1878
Buildings 3
Stories 3
Acreage 1.500
Zoning R-3
Parking Spaces 30 spaces
Parking Per SqFt 2.31
Investment Type Stabilized

Multifamily | 10.66% CAP | 10 Units

Marketing description

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. 2008 JUG ManLyft 800 AJ will stay with the property. 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.

Investment highlights

  • Excellent opportunity to own a well-maintained, income-producing apartment property in a prime Village of Westfield location
  • Property consists of a main house, a rear building, and a detached 1-bedroom cottage
  • Currently nine occupied units totaling 16 bedrooms
  • Owners currently occupy the largest 2-bedroom unit, offering additional rental income potential
  • Unfinished 3-bedroom apartment on third floor provides additional upside potential
  • Potential for a total of 10 units and 19 bedrooms
  • Rear building has been extensively remodeled with fire sprinkler system
  • Detached cottage was renovated in 2026
  • Substantial improvements made throughout all three buildings over the past six years
  • Strong current income with additional upside potential
  • 2008 JUG ManLyft 800 AJ will stay with the property

Listing Contacts

NH
10401209202
Howard Hanna Holt - Mayville
Listed by Howard Hanna Holt - Mayville

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$69,300.00
$5,775.00/mo

Valuation Metrics

0
DSCR
10.66%
Cap Rate
10.66%
ROI

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