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!

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Basic Information

Gross Income $103,800
Mls StatusActive
Parcel Number 156638
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $750,800
Tax Year 2026
Taxes$7,373

Parking

Open Parking YN Yes
Parking Features Paved Drive, Common
Parking Spaces6

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms7
Full Bath3

Basic Information

List Price$1,150,000
MLS Number73568240
Modification Date10/24/2026
Property SubType3 Family

Location

Address248 Washington Street
Building Number248
CountyNorfolk
StateMA
StreetWashington Street
TownNorwood
Zip02062

Building

BasementFull
Building Area Units Square Feet
Construction Materials Frame
FoundationConcrete Perimeter
Levels 3
Rooms14
Stories3
Units3
Window Features Insulated Windows
Year Built1959
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.11

Interior

Interior Features Living Room, Kitchen

Exterior

RoofShingle

Utilities

Heat SystemYes
Heating Natural Gas
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 2,488
Lot Size Square Feet 5,000
Lot Size Units Acres
Road Responsibility Public Maintained Road
Square Feet2,488

Amenities

AmenitiesPublic Transportation, Shopping, Medical Facility, Highway Access, Public School
Appliances IncludedRange, Refrigerator
Other AmenitiesBasement

Legal

ZoningR

Other

Date Listed08/26/2026
Farm Land Area Units Square Feet
View Count5

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Newton, MA

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Basic Information

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Newton, MA