3 School Street Norwood — Photo 1 of 32
$899,000
Investment Analysis — 3 School Street
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02062 carries an estimated $6,550/mo in gross rent — about a 5.79% cap rate and $52,066/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2.5
SqFt
2,137
Style
Multi Family
Built
1888
Fantastic opportunity to own a well-maintained, move-in ready two-family home in a highly desirable Norwood location! This versatile property is ideal for owner-occupants, multi-generational living, or investors seeking rental income.The first unit gutted and renovated around 2003 features 2 bedrooms, a spacious living room, an eat-in kitchen, and a full bath. The second unit offers two levels of living with a flexible layout. The first floor consisting of 2 bedrooms, a living room, eat-in kitchen, and full bath, plus an additional two bedrooms and half bath on the second level, making it perfect for larger households, or home office space. Additional features include all replacement windows, separate utilities, basement laundry, abundant storage space including an outdoor shed, and ample off-street parking to accommodate 8+ cars. Enjoy the convenience of being just a short walk to Norwood Center, commuter rail, shops, restaurants, and local amenities. A rare opportunity in a fantastic commuter-friendly location. Units are currently vacant. Ready for owner occupancy or rental income! Don't miss out!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range
Neighborhood
Public Transportation • Shopping
Geography
Listing Agent: Jennifer Conley
Listing Office: Coldwell Banker Realty - Westwood
MLS® Number: 73579004
