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Exceptional investment opportunity offering immediate cash flow, stable rental income, and long-term appreciation potential! This unique package includes two fully occupied three-family homes at 248 and 252 Washington Street, plus four adjoining vacant lots, totaling approximately 30,000 SF of land. Each identical building features two 2-bedroom units and one 3/4-bedroom unit, providing six income-producing apartments in a strong rental market with consistent tenant demand. Both properties offer solid construction, newer roofs, vinyl siding, poured concrete foundations, separate utilities, and ample off-street parking—making them attractive, low-maintenance investments with manageable operating expenses. Ideally situated near the Westwood line, within walking distance to the commuter rail, shopping, restaurants, and everyday amenities, the location supports continued rental demand and long-term value. The four additional lots provide further investment flexibility and potential upside, (subject to buyer verification of zoning and permitted uses). A rare opportunity to acquire an established, fully occupied multifamily portfolio with immediate income, diversified rental streams, and substantial land holdings in one transaction.

More Info

Basic Information

  • Gross Income $197,400
  • Listing Terms Contract
  • Mls StatusNew
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,525,000
  • Tax Year 2026
  • Taxes$14,800

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Common
  • Parking Spaces12

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms14
  • Full Bath6

Basic Information

  • List Price$2,300,000
  • MLS Number73593610
  • Modification Date10/21/2026
  • Property SubType5-9 Family

Location

  • Address248-252 Washington Street
  • Building Number248-252
  • CountyNorfolk
  • StateMA
  • StreetWashington Street
  • TownNorwood
  • Zip02062

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 5
  • Rooms28
  • Stories5
  • Units6
  • Window Features Insulated Windows
  • Year Built1959
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.69

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 4,976
  • Lot Size Square Feet 30,000
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet4,976

Amenities

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

Other

  • Date Listed10/21/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Michael Lord of Capital Realty Group

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