Active Under Contract
10 Days on market
425 Prospect St Norwood — Photo 1 of 32

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.

View Standard Listing

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

Original Price$575,000
Annual Taxes$6,048

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Carpet
BasementFull, Unfinished

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningS

Property & Lot

Acres0.16
SqFt Lot7,125
Lot FeaturesLevel

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: Molly Walker

Listing Office: Coldwell Banker Realty - Scituate

MLS® Number: 73571486