247 Union Street Norwood — Photo 1 of 39
$769,000
Investment Analysis — 247 Union Street
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02062 carries an estimated $3,380/mo in gross rent — about a 3.23% cap rate and $24,811/yr in estimated NOI at the $769,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,419
Style
Single Family
Built
1947
You will fall in love with this Classic Cape style and beautifully renovated home. Full of sunlight, every detail perfectly curated for a wonderful combination of modern and old world. Gleaming hard wood floors throughout. Kitchen, with newer stainless steel appliances, is open to a stunning dining area with vaulted ceiling, fabulous bench seating with storage and walls of windows. Granite peninsula, joins the sitting room and open feel. Spacious living room with bay window and cozy wood burning fireplace. Lovely first floor bedroom, or make it an office, is situated next to the updated gorgeous bathroom. Main bedroom with vaulted ceiling and en suite with radiant flooring, custom double sink and shower. Front to back second bedroom also has vaulted ceiling and is so bright and cheery. The backyard is perfect for relaxing sitting by the fire pit and enjoying the hydrangea trees. Located in a most desirable area close to Sharon, Canton Walpole , rt 1, 95 and commuter rail is ten minutes away.
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: 710 sq ft (the lesser of 900 sq ft or half the 1,419 sq ft principal dwelling). Lot size: 12,361 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.
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Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School
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Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstVaulted Ceiling(s), Flooring - Hardwood, Kitchen Island, Window Seat
Master Bedroom
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Vaulted Ceiling(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl BasementListing Agent: Annmarie Thurston Sullivan
Listing Office: AM Realty Group, LLC
MLS® Number: 73565622
