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36-38 West, Norwood MA 02062

$980,000

Estimated $2,228/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $326,666.67

Total Rent: 67200/year

Estimated CAP Rate:

6 Bedrooms

Baths

2715

Total Parking: 8

6,300 (0.14)

Turnkey 3-family in Norwood's coveted High School area — a rare income-generating opportunity for investors and owner-occupants alike. Three spacious 2BR/1BA units boast soaring ceilings, hardwood floors throughout, and updated major systems for worry-free ownership. Units 2 & 3 renovated in 2021. A standout feature: two separate driveways with 8 parking spaces — virtually unheard of for multi-family in this market. Current rents are below market, unlocking significant upside with a potential cap rate up to 8%. Just 0.5 miles to Norwood Depot commuter rail — a commuter's dream location that keeps vacancy low and demand high. Whether you're chasing strong cash flow or looking to offset your mortgage with rental income, this property delivers. Don't miss this one!

This home has been viewed 6 times

Last Checked: April 30th, 2026 at 4:29am (Source: MLS PIN #73493582)

Gross Income: $67,200

Gross Expenses: $12,577

Net Income Calc: $54,623

Water Views

Annual Expenses for 36-38 West, Norwood MA 02062

Total Gross Expenses (Calculated)$12,577/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7673

Annual Income & Unit Breakdown for 36-38 West, Norwood MA 02062

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 36-38 West, Norwood MA 02062

Listing ID73493582

Property TypeMulti Family / 3 Family

Price980000 ($360.96/SqFt)

Style3 Family

CityNorwood

CountyNorfolk

Neighborhood(s)

Approximate Living Area Total2715

Approximate Lot Size (Acres)0.14

Total Parking8

Garage Parking0

Year Built1916

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

Zoningred

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 36-38 West, Norwood MA 02062

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Property

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 36-38 West, Norwood MA 02062

Real Estate Taxes7673

Tax Year2025

Assessed Value$729,400

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 36-38 West, Norwood MA 02062

Elementary SchoolCleveland

Middle SchoolCoakley

High SchoolNorwood Hs

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 36-38 West, Norwood MA 02062

Agent

Name: The Cobi Team

Office

Name: William Raveis R. E. & Home Services

Phone: 617-731-7737

Team Members

Payment Calculator

, Interest

Property Taxes 639.42

Principal & Interest 6038.45

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R. E. & Home Services

The Cobi Team

Agent Phone

Office Phone

(617) 731-7737

Text Agent Call Agent Call Office

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    [description] => Turnkey 3-family in Norwood's coveted High School area — a rare income-generating opportunity for investors and owner-occupants alike. Three spacious 2BR/1BA units boast soaring ceilings, hardwood floors throughout, and updated major systems for worry-free ownership. Units 2 & 3 renovated in 2021. A standout feature: two separate driveways with 8 parking spaces — virtually unheard of for multi-family in this market. Current rents are below market, unlocking significant upside with a potential cap rate up to 8%. Just 0.5 miles to Norwood Depot commuter rail — a commuter's dream location that keeps vacancy low and demand high. Whether you're chasing strong cash flow or looking to offset your mortgage with rental income, this property delivers. Don't miss this one!
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EXIT

20 More Photos

Withdrawn

36-38 West, Norwood MA 02062

$980,000

Annual Expenses for 36-38 West, Norwood MA 02062

Annual Income & Unit Breakdown for 36-38 West, Norwood MA 02062

General Information for 36-38 West, Norwood MA 02062

Disclosures for 36-38 West, Norwood MA 02062

Financial Information for 36-38 West, Norwood MA 02062

Location Information for 36-38 West, Norwood MA 02062

Contact Information for 36-38 West, Norwood MA 02062

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

William Raveis R. E. & Home Services

The Cobi Team