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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 2,488 sqft |
| Lot size | 5,000 sqft |
| Year built | 1959 |
| Price / sqft | $462 |
| County | Norfolk |
| MLS # | 73516373 |
Listing status
| Days on market | 24 days |
| Listed on | May 11, 2026 |
Taxes & financials
| Annual property tax | $7,373 |
| Tax year | 2026 |
| Assessed value | $750,800 |
| Zoning | R |
| Gross income (actual) | $103,800/yr |
| Net operating income (actual) | $103,800/yr |
| Total actual rent | $8,650/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Common |
| Basement | Full |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
Location
More about investing in Norwood →
Listing courtesy of Capital Realty Group — Michael Lord. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 244 Washington Street, Norwood MA 02062 have?
It is a 3-unit multi-family property with 2,488 sqft of living area, built in 1959.
How long has 244 Washington Street, Norwood MA 02062 been on the market?
244 Washington Street, Norwood MA 02062 has been listed for 24 days (since May 11, 2026).
What is the estimated cap rate on this 3-family in Norwood?
Based on area median rents, the estimated cap rate is about 4.7%, with a Signal Score of 82/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,150,000 across 3 units, that works out to roughly $383,333 per unit.
What are the property taxes on 244 Washington Street, Norwood MA 02062?
Annual property taxes are $7,373 (2026), on an assessed value of $750,800.
What is the price per square foot?
At $1,150,000 for 2,488 sqft, that's about $462 per square foot.
Is there parking?
6 total parking spaces (paved drive, common).
Where is this property located?
244 Washington Street, Norwood MA 02062 is in Norwood, Norfolk County, MA 02062.
