Exceptional investment opportunity offering immediate cash flow, stable rental income, and long-term appreciation potential! This unique package includes two fully occupied three-family homes at 248 and 252 Washington Street, plus four adjoining vacant lots, totaling approximately 30,000 SF of land. Each identical building features two 2-bedroom units and one 3/4-bedroom unit, providing six income-producing apartments in a strong rental market with consistent tenant demand. Both properties offer solid construction, newer roofs, vinyl siding, poured concrete foundations, separate utilities, and ample off-street parking—making them attractive, low-maintenance investments with manageable operating expenses. Ideally situated near the Westwood line, within walking distance to the commuter rail, shopping, restaurants, and everyday amenities, the location supports continued rental demand and long-term value. The four additional lots provide further investment flexibility and potential upside, (subject to buyer verification of zoning and permitted uses). A rare opportunity to acquire an established, fully occupied multifamily portfolio with immediate income, diversified rental streams, and substantial land holdings in one transaction.
| Units | 6 |
| Living area | 4,976 sqft |
| Lot size | 30,000 sqft |
| Year built | 1959 |
| Price / sqft | $462 |
| County | Norfolk |
| MLS # | 73593610 |
| Days on market | 0 days |
| Listed on | October 21, 2026 |
| Annual property tax | $14,800 |
| Tax year | 2026 |
| Assessed value | $1,525,000 |
| Zoning | R |
| Gross income (actual) | $197,400/yr |
| Net operating income (actual) | $174,000/yr |
| Total actual rent | $16,450/mo |
| Stories | 5 |
| Total rooms | 28 |
| Lot size | 0.69 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Parking | Paved Drive, Common |
| Basement | Full |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 6-unit multi-family property with 4,976 sqft of living area, built in 1959.
248-252 Washington Street, Norwood MA 02062 has been listed for 0 days (since October 21, 2026).
At a list price of $2,300,000 across 6 units, that works out to roughly $383,333 per unit.
Annual property taxes are $14,800 (2026), on an assessed value of $1,525,000.
At $2,300,000 for 4,976 sqft, that's about $462 per square foot.
12 total parking spaces (paved drive, common).
248-252 Washington Street, Norwood MA 02062 is in Norwood, Norfolk County, MA 02062.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.