248-252 Washington Street Norwood MA 02062 | MLS #73593610

248-252 Washington Street
Norwood, MA, 02062
$2,300,000
14 Beds
6 Baths
4,976 SqFt
0.69 Acres
$2,300,000
248-252 Washington Street
Norwood, MA, 02062
MLS #73593610 image #0
Exceptional investment opportunity offering immediate cash flow, stable rental income, and long-term appreciation potential! This unique package includes two fully occupied three-family homes at 248 and 252 Washington Street, plus four adjoining vacant lots, totaling approximately 30,000 SF of land. Each identical building features two 2-bedroom units and one 3/4-bedroom unit, providing six income-producing apartments in a strong rental market with consistent tenant demand. Both properties offer solid construction, newer roofs, vinyl siding, poured concrete foundations, separate utilities, and ample off-street parking—making them attractive, low-maintenance investments with manageable operating expenses. Ideally situated near the Westwood line, within walking distance to the commuter rail, shopping, restaurants, and everyday amenities, the location supports continued rental demand and long-term value. The four additional lots provide further investment flexibility and potential upside, (subject to buyer verification of zoning and permitted uses). A rare opportunity to acquire an established, fully occupied multifamily portfolio with immediate income, diversified rental streams, and substantial land holdings in one transaction.

Property Details

Price:
$2,300,000
MLS #:
73593610
Status:
Active
Beds:
14
Baths:
6
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Oct 21, 2026
Finished Sq Ft:
4,976
Total Sq Ft:
4,976
Lot Size:
30,000 sqft / 0.69 acres (approx)
Year Built:
1959
Units:
6

Schools

Interior

Above Grade Finished Area
4976
Appliances
Range, Refrigerator
Bathrooms
6 Full Bathrooms
Heating
Natural Gas
Interior Features
Living Room, Kitchen
Levels
5

Exterior

Community Features
Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Construction Materials
Frame
Open Parking Spaces
12
Open Parking YN
1
Parking Features
Paved Drive, Common
Parking Spots
12
Parking Total
12
Roof
Shingle
Stories
5
Window Features
Insulated Windows

Financial

Net Operating Income
$174,000
Tax Year
2026
Taxes
$14,800
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Current real estate data for Multi Family in Norwood as of Nov 08, 2026
15
Multi Family Listed
40
Avg DOM
364
Avg $ / SqFt
$1,002,380
Avg List Price

Community

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Property Summary

    248-252 Washington Street Norwood MA is a Multi Family for sale in Norwood, MA, 02062. It is listed for $2,300,000 To schedule a showing of MLS#73593610 at 248-252 Washington Street in Norwood, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
248-252 Washington Street
Norwood, MA