For sale

Price cut: $49K (10/21)

$1,150,000

248 Washington St, Norwood, MA 02062

7beds

2,488sqft

$7,512/mo

Get pre-qualified

3 Family

Built in 1959

-- sqft lot

$1,124,400 Zestimate^®

$462/sqft

$-- HOA

What's special

Basement storageSeparate laundry facilitiesNewer roofsShared yardRenovated bathroomsGenerously sized roomsAmple off-street parking

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!

55 days
211
8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas

Appliances

Included: Range, Refrigerator

Features

Living Room, Kitchen
Windows: Insulated Windows
Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,488
Total interior livable area: 2,488 sqft
Finished area above ground: 2,488
Finished area below ground: 0

Property

Parking

Total spaces: 6
Parking features: Paved Drive, Common
Uncovered spaces: 6

Lot

Size: 5,000 Square Feet

Details

Parcel number: 156638
Zoning: R

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 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: $750,800
Annual tax amount: $7,373
Date on market: 8/27/2026
Exclusions: Tenant Appliances And Their Personal Belongings.
Total actual rent: 7850
Road surface type: Paved

Estimated market value

$1,124,400

$1.07M - $1.18M

$3,119/mo

Price history

Date	Event	Price
10/21/2026	Price change	$1,150,000-4.1%$462/sqft
Source: MLS PIN #73568240 Report a problem
8/26/2026	Listed for sale	$1,199,000$482/sqft
Source: MLS PIN #73568240 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,178 +8.2%	$682,300 +7.7%
2024	$6,635 +10.7%	$633,700 +9.1%
2023	$5,993 -0.3%	$580,700 +3.9%
2022	$6,010 -1.3%	$559,100 +4.1%
2021	$6,092 +8.6%	$537,200 +6.8%
2020	$5,607 +10.2%	$502,900 +7.7%
2019	$5,086 +4.4%	$467,000 +6.4%
2018	$4,870 +3%	$439,100 +3.5%
2017	$4,730 +5.8%	$424,200 +5.5%
2016	$4,469 +16.7%	$401,900 +20.4%
2015	$3,830 +1.9%	$333,900 +2.9%
2014	$3,759 -2.4%	$324,600 -6.9%
2013	$3,851 +0.1%	$348,800 -4.1%
2012	$3,847 +3.9%	$363,600 -0.8%
2011	$3,702 -3.6%	$366,500 -11%
2010	$3,841 +7.9%	$411,700 -2.2%
2009	$3,560 +1.5%	$420,800 -2.5%
2008	$3,509 +12.3%	$431,600 +4.1%
2007	$3,125 +2.7%	$414,500
2006	$3,042 +16.5%	$414,500 +31.3%
2005	$2,612 -14%	$315,800
2004	$3,038 +5%	$315,800
2003	$2,893 +10.5%	$315,800 +52.6%
2001	$2,619 +35.3%	$207,000 +36.5%
1997	$1,936	$151,700