248 Washington Street Norwood — Photo 1 of 23
$1,199,000
Investment Analysis — 248 Washington Street
Norwood, MA 02062
Based on rent reported on the MLS listing, a 3-unit multi-family in 02062 carries $7,850/mo in gross rent — about a 5.36% cap rate and $64,219/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Range • Refrigerator
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Public Transportation • Shopping • Medical Facility • Highway Access • Public School
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Listing Agent: Michael Lord
Listing Office: Capital Realty Group
MLS® Number: 73568240