248 Washington Street, Norwood, MA 02062

Norwood
Local realty services provided by:ERA Key Realty Services
248 Washington Street,Norwood, MA 02062
$1,150,000
  • 7 Beds
  • 3 Baths
  • 2,488 sq. ft.
  • Multi-family
  • Active
Listed by: michael lord
Office: capital realty group
MLS#:73568240
Source:MLSPIN

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$462.22

About this home

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!

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Home facts

  • Year built:1959
  • Listing ID #:73568240
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:14
  • Kitchen Description:Kitchen, Range, Refrigerator
  • Basement Description:Full
  • Living area:2,488 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1959
  • Building area:2,488 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Frame
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$462.22
  • Tax amount:$7,373 (2026)

Features and amenities

  • Appliances:Range, Refrigerator

Parking

  • Total parking spaces:6
  • Parking description:Common, Paved Drive
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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