This 3-family property at 13 William St, Westfield, MA, presents a total rent potential in the range of $4,665 to $5,295 per month, based on comparable multi-family rents nearby. With all utilities separately metered and tenants responsible for their own usage, actual net income stays high. At the current list price of $339.9K, this equates to a gross annual revenue of roughly $56K–$63K, suggesting a payback period of approximately 5.5–6.5 years before expenses. The property benefits from solid neighborhood demand, proximity to amenities, and recent interior upgrades, though dated exterior elements and average school ratings may slightly temper top-end rent growth.
To maximize income, consider modest cosmetic improvements to common areas or exterior curb appeal—updated landscaping, refreshed paint, or improved lighting can attract higher-paying tenants. If you're contemplating a sale, highlight the fully occupied status, separate utilities, and recent unit upgrades to target investor buyers. In a competitive market with rising inventory, positioning the property as turnkey with immediate income could drive stronger offers.