$1,150,000
248 Washington Street
Norwood, MA, 02062
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!
Property Details
Price:
$1,150,000
MLS #:
73568240
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Aug 26, 2026
Finished Sq Ft:
2,488
Total Sq Ft:
2,488
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1959
Units:
3
Schools
Interior
Above Grade Finished Area
2488
Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Heating
Natural Gas
Interior Features
Living Room, Kitchen
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Construction Materials
Frame
Open Parking Spaces
6
Open Parking YN
1
Parking Features
Paved Drive, Common
Parking Spots
6
Parking Total
6
Roof
Shingle
Stories
3
Window Features
Insulated Windows
Financial
Tax Year
2026
Taxes
$7,373
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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Map
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
- Address248 Washington Street Norwood MA
- CityNorwood
- CountyNorfolk
- Zip Code02062
Subdivisions in Norwood
Similar Listings Nearby
Property Summary
- 248 Washington Street Norwood MA is a Multi Family for sale in Norwood, MA, 02062. It is listed for $1,150,000 To schedule a showing of MLS#73568240 at 248 Washington Street in Norwood, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Castinetti Realty Group. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
248 Washington Street
Norwood, MA