Five one-bedroom units across two buildings. Five people, five front doors, five bathrooms — for less than a room costs almost anywhere in Massachusetts.
$11,300down payment, each
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.
Five ownership stakes, five units, one shared mortgage — the structure your group already knows.
$339,000
LIST PRICE
2,445 sf
LIVING AREA
$56,500
PRICE PER BED
5 / 5
BATHS / PARKING
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
$876saved 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 St2 × 1‑bed
Gas heat, vinyl siding, covered porch, private entrances.
12 Cherry St3 × 1‑bed
One unit delivered vacant. Open layouts, good natural light.
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.
map — Cherry St, Westfield
Who's hiring nearby
Westfield State University1.2 mi
Baystate Noble Hospital0.8 mi
Barnes ANG Base · 104th FW2.4 mi
Savage Arms1.7 mi
Who this fits
Working adults, grad students, hospital and university staff. Nobody shares a kitchen or a bathroom.
Early‑career professionalsGrad students & staffHealthcare workersGroups of 4–5
What to know
Renovation budget required
Sound buildings, dated interiors.
408 sf per bedroom
Efficient units, not spacious ones.
Car needed
No MBTA. Parking included.
Schools rate 42.7
Below average for the region.
~21 days to sell
Median across 578 recent Westfield sales.
How it scores against our criteria
Down payment87%
Cost per bed81%
Crime rate78%
Bed / bath ratio75%
School rating47%
Sq ft per bed17%
We'll find you a home like this, specific to your needs.
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