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3 Days on market
187 Walpole St Norwood — Photo 1 of 37

187 Walpole St Norwood — Photo 1 of 37

$890,000

Investment Analysis — 187 Walpole St

Norwood, MA 02062

Based on rent reported on the MLS listing, a 2-unit multi-family in 02062 carries $5,050/mo in gross rent — about a 4.37% cap rate and $38,924/yr in estimated NOI at the $890,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,030

Style

Multi Family

Built

1925

A rare opportunity for both owner-occupied and investors, this meticulously maintained 2-story multifamily property combines long-term income potential with everyday livability. A generous front yard setback enhances the home's curb appeal while providing a welcoming buffer from the street. Each level features a well-proportioned 2-bedroom, 1-bath layout completes with gleaming hardwood floors, an in-unit washer and dryer, and a bright enclosed porch. The flexible floor plan is ideal for generating steady rental income while living on-site, accommodating multigenerational living arrangements, or expanding a real estate portfolio. Additional convenience comes via a walk-up attic on the second floor, offering exceptional storage or future expansion possibilities, alongside a fully fenced backyard for private outdoor enjoyment. Positioned in a highly desirable Norwood neighborhood, the property sits within an easy walk of the vibrant town center, the commuter rail for effortless commuting, Wendover Park, and the local recreational center, acing local shops, dining, and amenities right at your doorstep.

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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$890,000
Annual Taxes$7,132

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms8
FireplacesNone
FlooringMarble, Hardwood, Tile, Stone/Ceramic Tile, Wood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas, Unit Control
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningG

Property & Lot

Acres0.18
SqFt Lot8,000
Lot FeaturesCorner Lot, Cleared, Level

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)

Geography

Listing Provided By

Listing Agent: Richard C. Maurice

Listing Office: Diamond Realty Professionals

MLS® Number: 73573689