521 Walpole St Norwood — Photo 1 of 42
Recent Drop: $50,000
$599,000
Investment Analysis — 521 Walpole St
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 2.86% cap rate and $17,107/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,090
Style
Single Family
Built
1916
Unique opportunity in desirable Norwood! This versatile property offers exceptional potential for investors, owner-occupants, medical professionals, or entrepreneurs seeking a live/work setup. With a special permit conveying with the land, this property was formerly used as a chiropractic office and may be utilized as a single-family residence and/or professional office space. Potential uses include physicians, dentists, attorneys, architects, engineers, real estate or insurance offices, childcare services, teaching studios, beauty services, and more. The property features 3 bedrooms, 1.5 baths, handicap accessibility, multiple office/exam rooms, plus 3 additional office spaces in the basement. A special parking variance allows for 12 parking spaces. Located on Route 1A with excellent visibility and easy access to major routes, shopping, dining, and commuter options, including the MBTA just 0.5 miles away. Sold as-is.
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 2,090 sq ft principal dwelling). Lot size: 14,600 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
Amenities & Appliances
Oven • Range
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
Geography
Property History
$599,000
Was $649,000
Aug 8, 2026
MLS® 73538212
$649,000
Jun 18, 2026
MLS® 73538212
Listing Agent: Rachel Elmassih
Listing Office: NextHome Signature Realty
MLS® Number: 73538212
