Active
84 Days on market
460 Russell Road Westfield — Photo 1 of 15

460 Russell Road Westfield — Photo 1 of 15

Recent Drop: $46,000

$525,000
$479,000

$479,000

460 Russell Road, Westfield, MA 01085

Westfield, MA 01085

Beds

4

Baths

3

SqFt

1,764

Style

2 Family - 2 Units Side by Side

Built

1988

Discover an outstanding investment opportunity at 460 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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$272/sqft
Local Avg (Westfield)$231/sqft
18% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Westfield, MA.

Property Details

Financials

Original Price$525,000
Annual Taxes$4,787

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms8
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingForced Air
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
Zoningres

Property & Lot

Acres0.61
SqFt Lot26,734
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher

Geography

Property History

Price Drop
$479,000

Was $499,000

Aug 4, 2026

MLS® 73539184

Price Drop
$499,000

Was $515,000

Jul 27, 2026

MLS® 73539184

Price Drop
$515,000

Was $525,000

Jul 8, 2026

MLS® 73539184

Listed
$525,000

Jun 20, 2026

MLS® 73539184

Population

41,102

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$89K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

30.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Russell J. Sabadosa

Listing Office: Premier Choice Realty

MLS® Number: 73539184

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