0 Lockhouse Rd
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 4, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 23, 2026 | Listed by Gallagher Real Estate | $1,599,999 | |
| Listed by Gallagher Real Estate | |||
| Jun 21, 2026 | No longer available | - | |
| No longer available | |||
| Apr 6, 2026 | Listed by Gallagher Real Estate | $1,599,999 | |
| Listed by Gallagher Real Estate | |||
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Located in a spectacular location this 3.87-acre parcel of land located on Lockhouse Road in Westfield, MA close to Ridgeway Ave. This project is approved for a 76-unit complex. The project includes the approval of two buildings—one with 2 stories and a walk-out lower level, and a second 3-story building. Buyer can either use for apartments or condos. Build to sell or rent for income. Close to many amenities including highway access and plenty of shopping plus perfect if you wish to rent being close to Westfield state University, Barnes air force base and Noble hospital. Buyer and Buyer agent to do due diligence. Land w/City Approved Engineered Plans ONLY. Buyer will need architectural plans to secure Building Permit. Buyer to perform their own due diligence and verify any & all information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017