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7 Beds
3 Baths
2,488 sqft

$1,150,000

248 Washington Street, Norwood MA, 02062

Price per sqft$462.22
Built in1959
Property size2,488 sqft
Property typeMulti-family

Overview

Active

Price Changed

Listed Aug 26, 2026

Updated 1h ago

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!

$7,651/mo

Est. mortgage payment based on a $1,150,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73568240

Interior Features

Bedrooms
7
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$7,373
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Michael Lord with Capital Realty Group

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Data last updated 4:05 AM UTC, 10/21/2026

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