
425 Prospect St Norwood — Photo 1 of 32
$575,000
Investment Analysis — 425 Prospect St
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02062 carries an estimated $2,820/mo in gross rent — about a 3.42% cap rate and $19,670/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,190
Style
Single Family
Built
1920
Welcome to 425 Prospect Street, a charming 2 (or 3?) bedroom home in a great location close to Shattuck Park and Norwood High School. Adjacent to the beloved "Tree Streets" this home is the perfect size for people of all ages & stages, it has two stories plus a basement for extra storage and laundry. No need to shovel out your car or deal with street parking, you've got your own driveway and a detached garage big enough for your car and lawn tools. Step inside and you're greeted by a bonus room that works well as a sitting room, home office, or 3rd bedroom! The kitchen has a functional layout with plenty of cabinet and counter space, and flows right into the dining room, where you can host friends and family. Just past that, the large front-to-back living room has a fireplace perfect for fall nights. Through the French doors, a sun room opens onto the back deck, overlooking the private fenced-in backyard. Upstairs, you'll find two large bedrooms with ample closet space, plus a full bathroom. The basement is dry and houses the washer/dryer, on-demand hot water Navien system ('15) and upgraded electrical panel ('13). Roof is 13 y/o and replacement windows were installed in the 2000s. No shared walls, no HOA — just a home with character and a layout that works. Come see it for yourself!
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: 595 sq ft (the lesser of 900 sq ft or half the 1,190 sq ft principal dwelling). Lot size: 7,125 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondListing Agent: Molly Walker
Listing Office: Coldwell Banker Realty - Scituate
MLS® Number: 73571486
