36-38 West, Norwood, MA 02062
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$980,000
3 Unit
6 Beds
3 Baths
2715 SQFT
0.14 Acre

Property Description

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!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Public Transportation, T-Station
  • Basement Features: Full, Interior Access
  • Common Rooms: Dining Room, Kitchen, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub, Pantry, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Gross Operating Income: 67200
  • Gross Expenses: 4904
  • Water/Sewer: 1920
  • INSC: 2984
  • Net Operating Income: 62296

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1916
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73493582
  • Last Updated: 03/30/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/30/2026New$980,000$361MLSPIN

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Seller's Representative: The Cobi Team, William Raveis R. E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-30 16:04:00