For Sale
248 Washington St, Norwood, MA
Norwood · MA 02062
- $1,150,000
- Price
- 7
- Beds
- 3
- Baths
- 2488
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1959
Units:
3 Units
Lot size:
5,000 Sq.Ft Lot
Price per square foot:
$462 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
Exceptional investment opportunity near the Westwood line, offering an attractive 7%+ cap rate with additional upside potential from below-market rents! This recently renovated three-family property combines strong cash flow with a solid rental history. Each of the three spacious units features updated kitchens with newer appliances, renovated bathrooms, generously sized rooms, and separate utilities. Recent improvements include newer roofs and low-maintenance siding. Additional highlights include ample off-street parking, a shared yard, separate laundry facilities, and basement storage. Ideally located in a commuter-friendly neighborhood within walking distance to the train, shops, restaurants, and supermarkets. Comparable monthly rents within the complex are approximately $2,650, $2,650, and $3,700, offering potential for future income growth. A turnkey investment opportunity with immediate cash flow and long-term appreciation potential!
Neighborhood & Transit
248 Washington St, Norwood · MA 02062
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 69 days
- Listing Price:
- $1,150,000
- Price per Sq.Ft:
- $462
- Tax Assessment:
- $750,800 in 2026
- Taxes:
- $614 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 2,488 Sq.Ft
- Broker Disclosure about Living Area
- Does not include basement, which has potential for ADU and can be finished.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 2488
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 5,000 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Michael Lord
- Listing office
- Capital Realty Group
- MLS PIN #
- 73568240
- Disclosure
- Property to be purchased in "as is" condition and buyer/buyer agent shall verify all information and conduct their own due diligence. Seller has never occupied the property.
- Disclosure
- Does not include basement, which has potential for ADU and can be finished.