27 Washington Street

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Address: 27 Washington St, Westfield, MA 01085, USA
Boston & New England + Apartment Buildings
Created date: January 20, 2026
Date last updated: May 12, 2026
Price: $3,995,000Investment Analyzer NEW!
  • Attractive Going-In Yield: The asset is being offered at a 7.51% Cap Rate, providing immediate, healthy cash flow without reliance on speculative underwriting assumptions.
  • Turnkey, Low-CapEx Profile: Significant recent capital improvements—including all new HVAC and paving—materially reduce future capital exposure and operational risk.
  • Expense Efficiency: Heat and A/C are provided through new electric heat-pump systems (2023) and are 100% tenant-paid, supporting predictable operating expenses and stable NOI margins.
  • Rent Growth Upside: In-place rents ($1,773 avg) currently trail achievable market levels ($1,909 pro forma), allowing for NOI growth through natural turnover and mark-to-market leasing.
  • Modernized Asset: Contemporary unit interiors featuring granite counters and stainless steel appliances position the property competitively within the downtown Westfield rental market.

Property Description

NPCG is pleased to present the exclusive listing for Courthouse Square Apartments, a 22-unit, turnkey multifamily investment located at 27 Washington Street in Westfield, Massachusetts. Originally redeveloped in 2012 and meticulously maintained since, the property has benefited from a comprehensive capital improvement plan executed by current ownership since 2020. This is a stabilized asset with minimal near-term capital requirements, offering investors immediate cash flow and operational efficiency. The investment offers a strong going-in yield with durable in-place cash flow. With tenant-paid utilities (via new heat pumps), modern unit finishes, and a highly walkable downtown location, the asset is well-positioned for long-term ownership with favorable risk-adjusted returns.
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Broker Details

Taylor Perun
Taylor Perun

Northeast Private Client Group 203-307-1576

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,995,000
No. of Units: 22
Year Built: 1899
Lot Size: 0.76 Acres
Opportunity Zone: No
Price per unit: $181,591
Property Website Click Here
Address: 27 Washington Street, Westfield, MA 01085, USA
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