
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Listing Agent: Richard C. Maurice
Listing Office: Diamond Realty Professionals
MLS® Number: 73573689
