291 Steiger Dr Westfield — Photo 1 of 27
$540,000
Investment Analysis — 291 Steiger Dr
Westfield, MA 01085
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 5-bedroom in 01085 carries an estimated $2,170/mo in gross rent — about a 2.49% cap rate and $13,469/yr in estimated NOI at the $540,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
2,480
Style
Single Family
Built
1962
Space, updates and a backyard made for entertaining! This impressive 5-bedroom, 2.5-bath Colonial in Shaker Heights offers generous living space with large bedrooms and oversized closets throughout. Outside, the private fenced backyard feels like your own retreat, featuring a spacious composite deck, above-ground pool and hot tub, perfect for summer gatherings or relaxing at the end of the day. An irrigation system keeps outdoor maintenance easier, while the 2-car garage provides plenty of parking and storage. Even better, many of the big-ticket improvements have already been completed! Updates within the last three years include a new driveway, roof, gutters, most windows and exterior paint. Plenty of room to spread out, entertain and make this home your own!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,480 sq ft principal dwelling). Lot size: 20,038 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Walk/Jog Trails • Golf • Medical Facility • Bike Path • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, French Doors
Dining Room
Lvl FirstFlooring - Wood
Kitchen
Lvl FirstCountertops - Stone/Granite/Solid, Kitchen Island
Primary Bedroom
Lvl SecondCeiling Fan(s), Walk-In Closet(s), Flooring - Wood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Walk-In Closet(s), Flooring - Wood
Bedroom 4
Lvl SecondCeiling Fan(s), Flooring - Wood
Bedroom 5
Lvl FirstCeiling Fan(s), Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - With Tub & Shower, Flooring - Laminate, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - With Shower Stall
Listing Agent: Aimee Tompkins
Listing Office: Park Square Realty
MLS® Number: 73577312