Discover an outstanding investment opportunity at 472 Russell Road, Westfield, MA. Built in 1988, this well-maintained two-family property offers approximately 1,764 square feet of living space with an attractive combination of modern construction, strong rental potential, and highly favorable financing.Each unit provides comfortable living accommodations, with a total of 4 bedrooms, 2 full bathrooms, and 2 half bathrooms. The property’s efficient layout makes it ideal for owner-occupants, investors, or those seeking multi-generational living.Situated on a generous 26,734-square-foot lot, the property offers abundant outdoor space with room for recreation, future improvements, or enhanced landscaping.One of the most compelling features is the exceptional financing opportunity. The property is encumbered by an assumable private loan 20year amortization at 5% with 17 years left . Pmt $4,355.71 balance is $605,166(460&472 Russell Road are on the same loan and prefer to sell as package) In today’s interest rate environment, this financing can provide a significant advantage and improve overall investment returns.For qualified buyers, the seller may also consider:* Seller-held second mortgage financing, allowing for flexible deal structuring.* 1031 Exchange transactions.Flexible financing options may enable buyers to preserve capital for renovations, value-add improvements, or future acquisitions while benefiting from below-market financing.Whether you’re looking to expand your investment portfolio, complete a 1031 exchange, or purchase a quality multi-family property with unique financing advantages, 472 Russell Road deserves your attention.
Mundale, located between downtown Westfield and the Barnes Airport area, is a residential and commercial Westfield neighborhood with tree-lined side streets and a car-oriented retail corridor. The neighborhood’s character concentrates around the East Main Street and North Road junction, where small plazas, service shops, and everyday errands cluster in steady motion. Housing reads as mid-century ranches and capes mixed with newer infill, set back behind lawns and long driveways. Mundale Park adds a green break for walks and pickup games. Westfield River access and nearby trailheads shape a weekend rhythm tied to the outdoors. Community touchstones include Westfield State University’s campus venues, the Amelia Park Ice Arena, and the Westfield Athenaeum downtown.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Total of 8 rooms
Bathrooms
Two full bathrooms
Two half bathrooms
Kitchen
Range
Dishwasher
Heating & cooling
Forced air heating
Heating present
Exterior features
Level lot
Home design
Two-family side-by-side layout
Four stories total
Parking
Six open parking spaces (6 total spaces)
Construction
Concrete perimeter foundation
Year built per public records
Utilities
Public water
Public sewer
HOA & community
Not a senior community
Financial info
Listing currently Active Under Contract
Other
Total building area 1,764 (above grade finished area 1,764)
Lot about 0.61 acres
Unit 1: 2 levels, 1 floor, currently leased
Unit 2: 2 levels, 1 floor, not leased
Electricity and solar
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