51 Westview Drive Norwood — Photo 1 of 7
$350,000
Investment Analysis — 51 Westview Drive
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02062 carries an estimated $2,260/mo in gross rent — about a 4.40% cap rate and $15,399/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
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Outstanding Development Opportunity in Norwood. Excellent Norwood location with convenient access to Routes 1, 95, 128 and 93. This 9,381± square foot fenced in lot features 100 feet of frontage, offering an exceptional opportunity for builders, developers, or buyers looking to construct a new home.The existing dwelling experienced underground petroleum release under the home from its heating oil tank. Environmental remediation began in 2021 but has not yet been completed as the DEP records so reflect. The highest and best use of the property is to remove the existing structure and construct a new home, which is expected to simplify and reduce the cost of completing the environmental remediation. The interior of the existing house will not be shown, as the property is being marketed primarily for its land value and redevelopment potential. Cash buyers only. The seller will consider cash offers only and will not entertain offers contingent upon financing. Buyers and buyer's agent are encouraged to perform their own due diligence regarding redevelopment, permitting, and the DEP status of the environmental remediation.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Sam Doss
Listing Office: Realty Indeed
MLS® Number: 73561127
