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240 Washington Street, Norwood MA 02062

Norwood, MA 02062
$1,150,000
Est. $6,629/month
7
Beds
3
Baths
2,488
Sq Ft
$462
Price/Sq Ft
0.11
Acres
1959
Year Built
3 Family
Type
15 hours 36 minutes
Time on Market
Active Listed Mar 30, 2026 • MLS# 73493511 Copied!

About this home

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 back yard. Plenty of parking spaces and separate laundry facilities with additional storage in basement. Within walking distance to the train, shops, restaurants and supermarkets.

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Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1959
Bedrooms
7
Full Bathrooms
3
Living Area
2,488 sq ft
Total Rooms
14
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1959
Living Area 2,488 sq ft
Lot Size 0.11 acres
Bedrooms 7
Full Baths 3
Total Rooms 14

Interior

Heating Natural Gas
Cooling None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen

Exterior

Construction Frame
Architecture None
Roof Shingle

Parking

Features Paved Drive, Common
Total Spaces 6

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,373
Assessed Value $750,800

Interior Features

Flooring:
Appliances: Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows: Insulated Windows
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1959
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas
Heating Zones: 3
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Common

Location

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Neighborhood

240 Washington Street, Norwood MA 02062

Norwood, MA 02062

Walkability

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Nearby Schools

School District
Norwood School District local
C
⚠ School Safety 2024-25
3.7% Above Average
2.7% Suspensions 1.3% In-School 1.0% Emergency
↓ 1.8% below state avg
E

Elementary Schools

10 schools
St. Catherine Of Siena School
0.7 mi
Grades PK-08
Norwood Montessori School
2.3 mi
Grades PK-06
The May Center School for Brain Injury and Neurobehavioral Disorders – Norwood
2.7 mi
Grades PK-12
C+
John P Oldham School
0.5 mi | #516 of 824 | Score: 44.2
Dropped 218 spots from last year
-14 below state avg
261 students Diverse
Grades 01-04
C+
Cornelius M Callahan School
0.7 mi | #544 of 824 | Score: 43.2
Dropped 25 spots from last year
-15 below state avg
247 students Diverse
Diverse Student Body
Grades 01-04
Little Mustangs Preschool Academy (LMPA)
0.9 mi
129 students Diverse
Diverse Student Body
Grades PK
George F. Willett School
1.6 mi
256 students Diverse
Diverse Student Body
Grades K-01
B
F.A. Cleveland Elementary School
1.9 mi | #355 of 824 | Score: 49.0
Dropped 122 spots from last year
-9.2 below state avg
339 students Diverse
Grades 01-04
C+
Balch School
2.0 mi | #571 of 824 | Score: 42.2
Improved 126 spots from last year
-16 below state avg
303 students Diverse
Rising School Diverse Student Body
Grades 01-04
C
Charles J Prescott School
2.2 mi | #603 of 824 | Score: 40.8
Dropped 133 spots from last year
-17.4 below state avg
267 students Very Diverse
Diverse Student Body
Grades 01-04
M

Middle Schools

1 school
B-
Dr. Philip O. Coakley Middle School
2.5 mi | #189 of 352 | Score: 41.4
Dropped 21 spots from last year
-16.8 below state avg
807 students Diverse
Diverse Student Body
Grades 05-08
H

High Schools

1 school
B-
Norwood High School
1.4 mi | #203 of 346 | Score: 51.3
Dropped 2 spots from last year
-6.9 below state avg
966 students Diverse
18 sports • 1,594 athletes
High Graduation Rate Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $614
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 30, 2026
$1,150,000
Original listing
Agent: Michael Lord Office: Capital Realty Group

Price & Status History

Date Event Price Change
Mar 30, 2026 New Listing Added $1,150,000 —

Market Statistics

Time on Market
15 hours 36 minutes
Price per Sq Ft
$462

Tax History

Year Taxes Assessment
2026 $7,373 $750,800

Financial Details

Annual Property Tax
$7,373
Tax Year 2026
Assessed Value
$750,800

Listing Information

Listing Agent Michael Lord
Listing Office Capital Realty Group
Agent MLS ID CT002574
Office MLS ID AN7811
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Norwood, MA

Real-time market trends and pricing data for this area

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Steven Novak

Steven Novak

BMN Boston Real Estate

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