248 Washington Street, Norwood MA 02062
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20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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!
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Price & Status History
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Property Timeline
Showing Instructions Updated
Oct 21, 2026Price Reduced
Oct 21, 2026Listed for Sale
Aug 26, 2026| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/21/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 10/21/2026 | ↓ Price Reduced | $1,150,000 | $49,000 | - | From $1,199,000 to $1,150,000 (-4.1%) |
| 08/26/2026 | 🏠 Listed for Sale | $1,199,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,373 | $750,800 |
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248 Washington Street, Norwood MA 02062
Norwood, MA 02062
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