245 Hill Street, Norwood MA 02062

Norwood, MA 02062
$1,125,000
Est. $5,988/month
7
Beds
3
Baths
2,488
Sq Ft
$452
Price/Sq Ft
0.14
Acres
1950
Year Built
3 Family
Type
4
Days on Market
Closed Listed Sep 30, 2025 • MLS# 73151593 Copied!

About this home

Welcome to this exceptional investment opportunity with a prime commuter friendly location in Norwood. This fully rented three-unit property presents an incredible opportunity for seasoned investors or 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 with unit 2 and unit 3 both having undergone recent renovations, and unit 1 being occupied by a long term tenant. Laundry facilities in basement. Don't miss out on this rare chance to own a fully rented property in a sought after location, and begin enjoying the benefits of passive income in this thriving rental market. Showings begin at the scheduled open houses.

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1950
Bedrooms
7
Full Bathrooms
3
Living Area
2,488 sq ft
Total Rooms
14
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $1,200,000
Final Sale Price: $1,125,000
Difference: $75,000 (-6.3%)
Performance Metrics
93.8%
List to Sale Ratio
Sold below asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $482
Sale $/sq ft: $452
This property sold for $452 per square foot
Sale Summary

This property sold for 6.3% below the original asking price.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1950
Living Area 2,488 sq ft
Lot Size 0.14 acres
Bedrooms 7
Full Baths 3
Total Rooms 14

Interior

Heating Natural Gas
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 6

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $999,999
Assessed Value $569,100

Location

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Neighborhood

245 Hill Street, Norwood MA 02062

Norwood, MA 02062

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $83,333
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.3%
Price Range
5
Total Days on Market

Property Timeline

Sold
Oct 5, 2023
$1,125,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Aug 23, 2023
$1,200,000
Original listing
Agent: Michael Lord Office: Capital Realty Group

Price & Status History

Date Event Price Change
Aug 23, 2023 New Listing Added $1,200,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$452

Tax History

Year Taxes Assessment
2023 $999,999 $569,100

Financial Details

Annual Property Tax
$999,999
Tax Year 2023
Assessed Value
$569,100

Listing Information

Listing Agent Michael Lord
Listing Office Capital Realty Group
Agent MLS ID CT002574
Office MLS ID AN7811

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245 Hill Street, Norwood MA 02062 - Photo 1 245 Hill Street, Norwood MA 02062 - Photo 2 245 Hill Street, Norwood MA 02062 - Photo 3 245 Hill Street, Norwood MA 02062 - Photo 4 245 Hill Street, Norwood MA 02062 - Photo 5 245 Hill Street, Norwood MA 02062 - Photo 6 245 Hill Street, Norwood MA 02062 - Photo 7 245 Hill Street, Norwood MA 02062 - Photo 8 245 Hill Street, Norwood MA 02062 - Photo 9 245 Hill Street, Norwood MA 02062 - Photo 10 245 Hill Street, Norwood MA 02062 - Photo 11 245 Hill Street, Norwood MA 02062 - Photo 12 245 Hill Street, Norwood MA 02062 - Photo 13 245 Hill Street, Norwood MA 02062 - Photo 14 245 Hill Street, Norwood MA 02062 - Photo 15 245 Hill Street, Norwood MA 02062 - Photo 16 245 Hill Street, Norwood MA 02062 - Photo 17 245 Hill Street, Norwood MA 02062 - Photo 18 245 Hill Street, Norwood MA 02062 - Photo 19 245 Hill Street, Norwood MA 02062 - Photo 20 245 Hill Street, Norwood MA 02062 - Photo 21 245 Hill Street, Norwood MA 02062 - Photo 22 245 Hill Street, Norwood MA 02062 - Photo 23 245 Hill Street, Norwood MA 02062 - Photo 24 245 Hill Street, Norwood MA 02062 - Photo 25 245 Hill Street, Norwood MA 02062 - Photo 26 245 Hill Street, Norwood MA 02062 - Photo 27 245 Hill Street, Norwood MA 02062 - Photo 28 245 Hill Street, Norwood MA 02062 - Photo 29 245 Hill Street, Norwood MA 02062 - Photo 30 245 Hill Street, Norwood MA 02062 - Photo 31 245 Hill Street, Norwood MA 02062 - Photo 32

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