Turnkey 3-family in Norwood's coveted High School area — a rare income-generating opportunity for investors and owner-occupants alike. Three spacious 2BR/1BA units boast soaring ceilings, hardwood floors throughout, and updated major systems for worry-free ownership. Units 2 & 3 renovated in 2021. A standout feature: two separate driveways with 8 parking spaces — virtually unheard of for multi-family in this market. Current rents are below market, unlocking significant upside with a potential cap rate up to 8%. Just 0.5 miles to Norwood Depot commuter rail — a commuter's dream location that keeps vacancy low and demand high. Whether you're chasing strong cash flow or looking to offset your mortgage with rental income, this property delivers. Don't miss this one!
Welcome to this exceptional investment opportunity with a prime commuter friendly location with an attractive 7+ CAP RATE. Recently renovated 3 family near the Westwood line. This young investment property presents an incredible opportunity for 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 and features newer kitchens with new appliances, renovated bathrooms, oversized rooms and a shared back yard. Plenty of parking spaces and separate laundry facilities with additional storage in basement. Within walking distance to the train, shops, restaurants and supermarkets.
Attention all investors and buyers. Two spacious townhouse style units- unit 1 boasts 4 bedrooms and 2 full baths and unit 2 has 3 bedrooms and 1 full bath. Unit 1 has recently undergone a complete renovation and will allow buyers to envision the same is doable in unit 2. Separate heat and hot water for each unit and washer/ dryer hookups in lower level. Natural gas, town water and sewer. Conveniently located steps from the Bus line, Norwood Central train and the restaurants and shops of Norwood. Showings start Saturday at the Open House. Right side is deleaded.
Norwood is located in Massachusetts. Norwood, Massachusetts has a population of 31,256. Norwood is less family-centric than the surrounding county with 33.21% of the households containing married families with children. The county average for households married with children is 36.79%.
The median household income in Norwood, Massachusetts is $96,414. The median household income for the surrounding county is $112,089 compared to the national median of $69,021. The median age of people living in Norwood is 39 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 48.6 inches per year, with 47.3 inches of snow per year.
