244 Washington Street, Norwood MA 02062
Norwood, MA 02062
$1,150,000
$1,140,000
Est. $6,579/month
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 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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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
0.9%
Price Range
Property Timeline
Price Reduced
Jun 9, 2026
$1,140,000
$10,000
(-0.87%)
From $1,150,000 to $1,140,000 (-0.9%)
Listed for Sale
May 11, 2026
$1,150,000
Original listing
Agent: Michael Lord
Office: Capital Realty Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/09/2026 | ↓ Price Reduced | $1,140,000 | $10,000 | - | From $1,150,000 to $1,140,000 (-0.9%) |
| 05/11/2026 | 🏠 Listed for Sale | $1,150,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,373 | $750,800 |
Financial Details
Annual Property Tax
$7,373
Tax Year 2026
Assessed Value
$750,800
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
Investment Metrics
Units
3
Unit 1 Rent
$2,600/mo · Y
Unit 2 Rent
$2,600/mo · N
Unit 3 Rent
$3,450/mo · N
Total Monthly Rent
$8,650/mo
Gross Income
$103,800
Net Operating Income
$103,800
Cap Rate
9.11%
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
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
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
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Property To Be Purchased In As Is Condition And Buyer/buyer Agent Shall Verify All Information And Conduct Their Own Due Diligence. Seller Has Never Occupied The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Buyer/Buyer Agent to verify all information and conduct own due diligence.
Documents
None
County
Norfolk
Total market time (incl. prior listings)
33 days
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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,488 sq ft above grade
0 sq ft below grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Common
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
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
Middle Schools
1 school
B-
Dr. Philip O. Coakley Middle School
2.4 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
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
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
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
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
244 Washington Street, Norwood MA 02062
Norwood, MA 02062
Listing Information
Listing Agent
Michael Lord
Listing Office
Capital Realty Group
Office Phone
508-395-8333
Agent MLS ID
CT002574
Office MLS ID
AN7811
Listing Data Updated
Jun 13, 2026 3:05 AM EDT
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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