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.
For sale
$2,300,000
248-252 Washington St, Norwood, MA 02062
14beds
4,976sqft
5-9 Family
Built in 1959
-- sqft lot
$-- Zestimate®
$462/sqft
$-- HOA
What's special
Solid constructionVinyl sidingNewer roofsAmple off-street parking
- 1 day
- 49
- 6
Zillow last checked:
Listing updated:
Listed by:
Michael Lord 508-395-8333,
Capital Realty Group 508-395-8333
Source: MLS PIN,MLS#: 73593610
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Kitchen
- Windows: Insulated Windows
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 4,976
- Total interior livable area: 4,976 sqft
- Finished area above ground: 4,976
- Finished area below ground: 0
Property
Parking
- Total spaces: 12
- Parking features: Paved Drive, Common
- Uncovered spaces: 12
Lot
- Size: 0.69 Acres
Details
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Location
- Region: Norwood
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $1,525,000
- Annual tax amount: $14,800
- Date on market: 10/21/2026
- Listing terms: Contract
- Exclusions: Tenant Appliances And Their Personal Belongings.
- Total actual rent: 16450
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $2,300,000$462/sqft |
Source: MLS PIN #73593610 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





