Norwood, MA

Multi-Family
MULTI
FAMILY
  • List Price
    $999,913
  • Beds
    6
  • Baths
    3
  • Square Feet
    3,692
  • Lot Size
    .14 acres
Well maintained 3-family in Norwood features three 2-bedroom units (some potential 3 bedrooms, see floor plans) offering excellent income prospects. With below market rents, the current gross income is $75,300/year, which can reach $88,572 as-is or $104,400+ after updating. Recent property upgrades include brand new heating systems, central AC, roof, driveway, and full insulation (all 2024), upgraded PVC plumbing (2010), new electric panels (2015), replacement windows, vinyl siding, and newer water heaters. Each unit boasts ample basement storage, in-unit washer/dryer hookups, and both front and back decks/balconies. Situated on a corner lot at the end of a dead-end street in a highly desirable neighborhood, this turnkey operation is within walking distance to the train, bus, shopping centers, parks, and town center. Units are dated. Norwood Average 2 bed: $2,378/mo. Renovated units: upwards of $3,000/mo.