Sold for $1,125,000

$1,125,000

245 Hill St, Norwood, MA 02062

7beds

2,488sqft

3 Family

Built in 1950

-- sqft lot

$1,141,900 Zestimate^®

$452/sqft

$3,061 Estimated rent

Home value

$1,141,900

$1.08M - $1.20M

$3,061/mo

Zestimate^® history

Owner options

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$3,061/mo

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$3,061/mo

Rent Zestimate^®

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$7,069/mo

Est. payment

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$7,069/mo

Est. payment

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What's special

Welcome to this exceptional investment opportunity with a prime commuter friendly location in Norwood. This fully rented three-unit property presents an incredible opportunity for seasoned investors or 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 with unit 2 and unit 3 both having undergone recent renovations, and unit 1 being occupied by a long term tenant. Laundry facilities in basement. Don't miss out on this rare chance to own a fully rented property in a sought after location, and begin enjoying the benefits of passive income in this thriving rental market. Showings begin at the scheduled open houses.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,488
Total interior livable area: 2,488 sqft

Property

Parking

Total spaces: 6
Parking features: Paved Drive, Off Street
Uncovered spaces: 6

Lot

Size: 6,098 Square Feet

Details

Parcel number: 156646
Zoning: G

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Medical Facility, Highway Access

Location

Region: Norwood

Financial & listing details

Price per square foot: $452/sqft
Tax assessed value: $569,100
Annual tax amount: $999,999
Date on market: 1/22/2026
Listing terms: Contract
Total actual rent: 7500

Price history

Date	Event	Price
11/1/2024	Listing removed	$1,200,000+6.7%$482/sqft
Source: MLS PIN #73270214 Report a problem
10/5/2023	Sold	$1,125,000-6.3%$452/sqft
Source: MLS PIN #73151593 Report a problem
8/23/2023	Listed for sale	$1,200,000$482/sqft
Source: MLS PIN #73151593 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,099 +8.2%	$674,800 +7.7%
2024	$6,563 +11.7%	$626,800 +10.1%
2023	$5,873 -0.3%	$569,100 +3.8%
2022	$5,893 -1.3%	$548,200 +4.1%
2021	$5,973 +9.6%	$526,700 +7.8%
2020	$5,450 +10.3%	$488,800 +7.7%
2019	$4,943 +3.6%	$453,900 +5.5%
2018	$4,771 +3%	$430,200 +3.5%
2017	$4,633 +5.9%	$415,500 +5.6%
2016	$4,376 +16%	$393,500 +19.7%
2015	$3,771 +1.8%	$328,800 +2.8%
2014	$3,706 -2.5%	$320,000 -7%
2013	$3,800 +0.1%	$344,200 -4.1%
2012	$3,798 +7.1%	$359,000 +2.3%
2011	$3,546 -4%	$351,100 -11.3%
2010	$3,692 +7.8%	$395,700 -2.2%
2009	$3,424 +0.4%	$404,700 -3.6%
2008	$3,412 +12.4%	$419,700 +4.3%
2007	$3,035 +2.7%	$402,500
2006	$2,954 +15.6%	$402,500 +30.3%
2005	$2,555 -14.1%	$309,000
2004	$2,973 +5.1%	$309,000
2003	$2,830 +10.4%	$309,000 +52.5%
2001	$2,563 +30.8%	$202,600 +32%
1997	$1,959	$153,500