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248 Washington Street, Norwood MA 02062

$1,150,000

Estimated $2,479/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $383,333.33

Total Rent: 94200/year

Estimated CAP Rate:

7 Bedrooms

Baths

2488

Total Parking: 6

5,000 (0.11)

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!

This home has been viewed 10 times

Last Checked: October 25th, 2026 at 6:43am (Source: MLS PIN #73568240)

Gross Income: $94,200

Gross Expenses: $7,373

Net Income Calc: $86,827

Water Views

Annual Expenses for 248 Washington Street, Norwood MA 02062

Total Gross Expenses (Calculated)$7,373/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7373

Annual Income & Unit Breakdown for 248 Washington Street, Norwood MA 02062

Total Gross Income (Calculated)$94,200

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 248 Washington Street, Norwood MA 02062

Listing ID73568240

Property TypeMulti Family / 3 Family

Price1150000 ($462.22/SqFt)

Style3 Family

CityNorwood

CountyNorfolk

Neighborhood(s)

Approximate Living Area Total2488

Approximate Lot Size (Acres)0.11

Total Parking6

Garage Parking0

Year Built1959

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 248 Washington Street, Norwood MA 02062

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSellers Personal Items

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 248 Washington Street, Norwood MA 02062

Real Estate Taxes7373

Tax Year2026

Assessed Value$750,800

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 248 Washington Street, Norwood MA 02062

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 248 Washington Street, Norwood MA 02062

Agent

Name: Michael Lord

Office

Name: Capital Realty Group

Phone: 508-395-8333

Payment Calculator

, Interest

Property Taxes 614.42

Principal & Interest 7085.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Capital Realty Group

Michael Lord

Agent Phone

Office Phone

(508) 395-8333

Text Agent Call Agent Call Office

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EXIT

20 More Photos

Active

248 Washington Street, Norwood MA 02062

$1,150,000

Annual Expenses for 248 Washington Street, Norwood MA 02062

Annual Income & Unit Breakdown for 248 Washington Street, Norwood MA 02062

General Information for 248 Washington Street, Norwood MA 02062

Disclosures for 248 Washington Street, Norwood MA 02062

Financial Information for 248 Washington Street, Norwood MA 02062

Location Information for 248 Washington Street, Norwood MA 02062

Contact Information for 248 Washington Street, Norwood MA 02062

Agent

Office

Payment Calculator

Exclusive Listing Agent

Capital Realty Group

Michael Lord