248 Washington Street, Norwood MA 02062

Norwood, MA 02062

$1.15M

7 BD · 3 BA · 2,488 sf · 0.11 ac · Built 1959

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The residence

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!

At a glance

Property type: 3 Family
Status: Active
Year built: 1959
Lot size: 0.11 acres
Living area: 2,488 sf
MLS#: fe14291a9d9d5167aeb53209f0b7e1f7
Beds · Baths: 7 · 3

Location

Norwood, MA.

Norwood, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$6K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$1.15M

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of Capital Realty Group · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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 set forth herein.

Listings updated Oct 24, 2026

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