
138 Nichols St Norwood — Photo 1 of 42
$1,199,900
Investment Analysis — 138 Nichols St
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02062 carries an estimated $3,730/mo in gross rent — about a 2.08% cap rate and $25,014/yr in estimated NOI at the $1,199,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
4,292
Style
Single Family
Built
1924
Welcome to one of Norwood’s most distinctive homes—a stunning Dutch Colonial where timeless New England character meets thoughtful modern updates. From the sweeping staircase and original architectural details to the front-to-back fireplaced living room with window seat and French doors opening to a private office and charming “Ye Olde Tavern,” every space is filled with character. The renovated chef’s kitchen is the heart of the home, featuring a 12-foot quartz island, abundant cabinetry, commercial-size refrigerator, top-of-the-line range, and spacious pantry. Enjoy the dining room or relax on the three-season porch overlooking the yard. Upstairs offers a spacious primary suite, three additional bedrooms, updated baths completed in 2023, and convenient laundry. Additional improvements include all new windows in 2023 and beautifully refinished hardwood floors in 2026. The fully finished basement adds incredible flexibility with an additional bedroom, full bathroom, living space, and office. A walk-up attic provides even more storage and future potential. Ideally located steps to the commuter rail, library, shopping, dining, and all that downtown Norwood has to offer.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,292 sq ft principal dwelling). Lot size: 13,355 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 29
Beamed Ceilings, Flooring - Hardwood, French Doors, Window Seat
Dining Room
Lvl First14 x 13
Flooring - Hardwood, French Doors, Open Floorplan, Remodeled, Wainscoting, Lighting - Overhead, Decorative Molding, Window Seat
Kitchen
Lvl First23 x 16
Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Wainscoting, Gas Stove, Lighting - Sconce
Family Room
Lvl Basement25 x 23
Flooring - Vinyl
Master Bedroom
Lvl Second14 x 13
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl Second18 x 13
Bedroom 3
Lvl Second18 x 13
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second22 x 10
Closet, Flooring - Hardwood
Bedroom 5
Lvl Basement16 x 14
Flooring - Vinyl, Recessed Lighting
Bathroom 1
Lvl First3 x 6
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second8 x 11
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second10 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: The Jenkins Group
Listing Office: Keller Williams Realty
MLS® Number: 73568042
