Five doors, five owners
Two buildings, five one-bedroom apartments, already producing about $3,850 a month with one unit vacant for whoever moves in first. Everybody gets their own unit and their own bathroom for under $100,000 a unit.
New to co-buying? A small group buys a multifamily together, splits the down payment, and each person holds a legal ownership stake. Own a unit instead of renting a room.
What it costs you
- Down payment
- $11,300
- Mortgage
- $286/mo
- Tax
- $38/mo
- Insurance
- $30/mo
- Repairs reserve
- $104/mo
- Per person, monthly
- $524
$876 saved every month. A comparable Westfield 1-bed rents around $1,400. Over five years that gap is roughly $52,560, plus the equity.
Group totals: $67,800 down, $3,144/mo. Assumes 5 buyers, 20% down, 6.5% rate, 30-yr term. Rental income from leased units not included.
Units & photographs
- 10.5 Cherry StGas heat, vinyl siding, covered porch, private entrances.
- 2 × 1‑bed
- 12 Cherry StOne unit delivered vacant. Open layouts, good natural light.
- 3 × 1‑bed
Original kitchens and baths throughout. Renovation budget assumed.
Central Westfield
Minutes from downtown, Route 20, and I‑90, walkable to shopping and dining. No MBTA service out here, so plan on a car: five off-street spaces come with the property.
Who's hiring nearby
- Westfield State University
- 1.2 mi
- Baystate Noble Hospital
- 0.8 mi
- Barnes ANG Base · 104th FW
- 2.4 mi
- Savage Arms
- 1.7 mi
Who this fits
Working adults, grad students, hospital and university staff. Nobody shares a kitchen or a bathroom. Groups of four or five can work with us from formation to closing, and people still looking for co-buyers can meet them at our free monthly drop-in hours.
- Early‑career professionals
- Grad students & staff
- Healthcare workers
- Groups of 4–5
What to know
- Renovation budget requiredSound buildings, dated interiors.
- 408 sf per bedroomEfficient units, not spacious ones.
- Car neededNo MBTA. Parking included.
- Schools rate 42.7Below average for the region.
- ~21 days to sellMedian across 578 recent Westfield sales.
How it scores against our criteria
- Down payment
- 87%
- Cost per bed
- 81%
- Crime rate
- 78%
- Bed / bath ratio
- 75%
- School rating
- 47%
- Sq ft per bed
- 17%
Estimates from list price and public data, July 2026. Not an offer, appraisal, or financial advice.
