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$ 1,150,000
Est. payment /mo
Price Dropped by $49K
248 Washington Street Norwood, MA 02062
7 Beds
3 Baths
2,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,488 sqft
Price per Sqft $462
MLS Listing ID 73568240
Bedrooms 7
Full Baths 3
Year Built 1959
Annual Tax Amount $7,373
Tax Year 2026
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 3 Family
Property Description
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!
Location
State MA
County Norfolk
Zoning R
Direction GPS
Rooms
Basement Full
Interior
Interior Features Living Room, Kitchen
Heating Natural Gas
Appliance Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Roof Type Shingle
Total Parking Spaces 6
Garage No
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Capital Realty Group
Nearby Locations