This multi-family home in Norwood offers a fantastic opportunity for both investors and homeowners. The second floor is currently rented, providing immediate rental income, while the other first floor unit will be delivered vacant, ready for new occupants or owner occupancy. The property features a spacious layout with 4 bedrooms and 2 full bathrooms, spread over two floors. Outside, an expansive lot with a large driveway offers ample parking, with space for more than six cars. Newer roof, electrical panel, and individual heating systems for each unit. Located near parks and shopping, as well as all that Norwood has to offer, this property combines convenience with excellent potential.
This home has been viewed 106 times
Last Checked: April 4th, 2025 at 4:19am (Source: MLS PIN #73301938)
Gross Income: $28,800
Gross Expenses: $7,202
Net Income Calc: $21,598
CAP Rate: 2.33%
Annual Expenses for 66-68 Phillips Ave, Norwood MA 02062
Total Gross Expenses (Calculated)$7,202/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$7,202
Annual Income & Unit Breakdown for 66-68 Phillips Ave, Norwood MA 02062
Total Gross Income (Calculated)$28,800
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,400
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 66-68 Phillips Ave, Norwood MA 02062
Listing ID73301938
Property TypeMulti Family
Price$925,000 ($359.36/SqFt)
StyleMulti Family
CityNorwood
CountyNorfolk
MLS Area
Neighborhood(s)
Approximate Living Area Total2,574 SqFt
Approximate Lot Size (Acres)0.18 acres
Total Parking6
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningG6
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 66-68 Phillips Ave, Norwood MA 02062
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$28,800
Total Net Income By Broker$28,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 66-68 Phillips Ave, Norwood MA 02062
Real Estate Taxes$7,202
Tax Year2024
Assessed Value$687,900
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$28,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$28,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.33%
Location Information for 66-68 Phillips Ave, Norwood MA 02062
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 66-68 Phillips Ave, Norwood MA 02062