Active
14 Days on market
248 Washington Street Norwood — Photo 1 of 23

248 Washington Street Norwood — Photo 1 of 23

$1,199,000

248 Washington Street, Norwood, MA 02062

Norwood, MA 02062

Beds

7

Baths

3

SqFt

2,488

Style

3 Family

Built

1959

Welcome to this exceptional investment opportunity with a prime commuter friendly location with an attractive 7+ CAP RATE. Recently renovated 3 family near the Westwood line. This young investment property presents an incredible opportunity for anyone seeking a cash-flowing property with three generously sized units, all separate utilities and a strong rental history. The property has been well maintained and features newer kitchens with new appliances, renovated bathrooms, oversized rooms and a shared yard. Plenty of parking spaces and separate laundry facilities with additional storage in basement. Within walking distance to the train, shops, restaurants and supermarkets.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$482/sqft
Local Avg (Norwood)$413/sqft
17% AboveMarket Average

* Analysis is based on 17 actively listed and recently sold comparable properties strictly within Norwood, MA.

Property Details

Financials

Original Price$1,199,000
Annual Taxes$7,373

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms14
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR

Property & Lot

Acres0.11
SqFt Lot5,000
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • Public School

Geography

Population

31,542

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$107K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

46.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Norfolk County

1,189 housing units permitted in the last 12 months (+21% vs the prior 12 months) — 706 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Michael Lord

Listing Office: Capital Realty Group

MLS® Number: 73568240

Browse More Homes in Norwood

Explore other active listings in the area.