209 Prospect Street Norwood — Photo 1 of 39
$799,000
Investment Analysis — 209 Prospect Street
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02062 carries an estimated $3,730/mo in gross rent — about a 3.42% cap rate and $27,347/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,166
Style
Single Family
Built
1960
Welcome to this meticulously maintained 4-bedroom, 2.5-bath home ideally located in the heart of Norwood! Just a short distance to the town center, elementary schools, bus lines, and commuter rail, this home offers both convenience and comfort. The main level features beautiful hardwood floors, an eat-in kitchen, and a spacious formal living room complete with a fireplace. Thoughtfully upgraded throughout, the home offers custom closets and beautifully updated bathrooms. The finished basement provides exceptional additional living space with a custom-built bar and fireplace—perfect for entertaining, relaxing, or game nights. Outside, enjoy a private, fenced-in yard with a patio, ideal for outdoor gatherings and summer evenings. A wonderful opportunity to enjoy all that 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 2,166 sq ft principal dwelling). Lot size: 7,244 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
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Recessed Lighting
Kitchen
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Lighting - Overhead
Family Room
Lvl BasementFlooring - Laminate, Window(s) - Picture, Exterior Access, Recessed Lighting
Primary Bedroom
Lvl SecondWalk-In Closet(s), Flooring - Hardwood, Window(s) - Picture
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood, Window(s) - Picture, Lighting - Overhead
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood, Window(s) - Picture
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Enclosed Shower - Fiberglass, Lighting - Overhead
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Lighting - Overhead
Bathroom 3
Lvl BasementBathroom - Half, Flooring - Laminate, Lighting - Sconce
Listing Agent: Kristen Donahue
Listing Office: Keller Williams Realty Boston South West
MLS® Number: 73562448
