Norwood MA Multi-Family Real Estate, Homes for Sale

Exceptional investment opportunity offering immediate cash flow, stable rental income, and long-term appreciation potential! This unique package includes two fully occupied three-family homes at 248 and 252 Washington Street, plus four adjoining vacant lots, totaling approximately 30,000 SF of land. Each identical building features two 2-bedroom units and one 3/4-bedroom unit, providing six income-producing apartments in a strong rental market with consistent tenant demand. Both properties offer solid construction, newer roofs, vinyl siding, poured concrete foundations, separate utilities, and ample off-street parking—making them attractive, low-maintenance investments with manageable operating expenses. Ideally situated near the Westwood line, within walking distance to the commuter rail, shopping, restaurants, and everyday amenities, the location supports continued rental demand and long-term value. The four additional lots provide further investment flexibility and potential upside, (subject to buyer verification of zoning and permitted uses). A rare opportunity to acquire an established, fully occupied multifamily portfolio with immediate income, diversified rental streams, and substantial land holdings in one transaction.

248-252 Washington Street, Norwood

$899,000

4 Beds ⋅ 2 Baths ⋅ 73592801 MLS

This cherished 2 family home in a prime location has been lovingly maintained by family members throughout the years and offers wonderful flexibility for owner-occupants, multi-generational living, or investors seeking reliable rental income. Just moments from the heart of Norwood Center you will enjoy unbeatable convenience to restaurants, shops, houses of worship, bus line and commuter rail. Unit 1 features 4 spacious rooms with a modern kitchen, (gas cooking) updated bath, hardwood flooring, a pantry and a newly created hallway opening which provides an additional exit along with ample storage and shelving. The 7'x24' enclosed porch is a welcome addition for relaxation and enjoyment during the warmer months. Unit 2 offers 5 spacious rooms, a modern kitchen and new bathroom, hardwood flooring, a pantry and its own 7x24 enclosed porch. Numerous updates: extensive electrical work, recessed lighting, Weil Mclain burners with separate controls for heat, separate Gas + Electric Meters, and a 9-year-old roof. Whether you're looking for a home or a solid investment opportunity, this well-maintained property reflects true pride of ownership. Stop by one of our open houses to experience its charm and potential. Showings begin at 1st OH on Thursday, 10/22 (3:30-5:30). OH Fri. 10/23 (3:30-5:30) Sat. + Sun. (1:00-3:00).

82-84 Cottage, Norwood

$899,000

9 Beds ⋅ 3 Baths ⋅ 73591591 MLS

Open House Sunday 10/18 11am to 1pm.. Big 3 family with 3 - 1 bedroom units on dead end in handy spot close to transportation and shopping. Units need facelifts and modernizing.. Owner will listen to valid offers.. Tenants in place on TAW's...

13 Lewis Ave, Norwood

$1,499,000

8 Beds ⋅ 5 Baths ⋅ 73590366 MLS

Rare opportunity to acquire two adjoining parcels on close to an acre of land featuring a single-family residence and a two-family duplex, offering three residential units in total! Ideal for investors, developers, owner-occupants, or multigenerational living. Enjoy the benefits of owning the entire property, including enhanced privacy, land control, and multiple income-producing opportunities. Situated in an area with a mix of residential and commercial uses, this unique offering may also present future redevelopment potential, subject to municipal approvals, buyers due diligence and zoning requirements. Properties are also available individually. See MLS #73590358 and MLS #73590357.

701 Pleasant, Norwood

$689,000

4 Beds ⋅ 2 Baths ⋅ 73590358 MLS

Opportunity knocks with this spacious side-by-side duplex offering incredible income potential in Norwood! Whether you're an investor looking to expand your portfolio or an owner-occupant hoping to offset your mortgage with rental income, this property has plenty to offer! Set back from the road, the home features an enormous paved driveway with an abundance of off-street parking and a generous yard. Each unit offers a spacious layout with a large, sun-filled living room, two bedrooms, ample closet space, and plenty of storage throughout. Enjoy updated kitchen countertops and appliances, along with an updated bathroom. One unit offers even more flexibility with a finished basement, ideal for a recreational room, home office, or potential third bedroom. With 2 separate entrances for each unit, comfortable living spaces, and room to spread out, this duplex offers the perfect combination of practicality and investment potential. Live in one unit and rent the other, or add a fantastic income-producing property to your portfolio! Looking for an even bigger opportunity? The neighboring single-family home is also available for purchase, creating a unique opportunity to own both properties, generate additional rental income, or create your very own private enclave! See MLS# 73590357 for additional details . Whether you're thinking investment, multigenerational living, or simply more space and flexibility, the possibilities are exciting. Don't miss this opportunity.

703 Pleasant St, Norwood

$995,000

7 Beds ⋅ 3 Baths ⋅ 73587481 MLS

Welcome to 5 Jacobs Road, a three-family home offering approximately 2,860 SF of living space in a private setting at the end of a dead-end street. The first-floor unit offers five rooms, including three bedrooms and one full bath, with FHA by gas heat. The second-floor unit also features five rooms, three bedrooms and one full bath, along with a newer Navien heating system. The second-floor unit will be delivered VACANT at closing, providing flexibility for an owner-occupant or investor. The third-floor unit consists of three rooms, including one bedroom plus a den and one full bath, with electric baseboard heat. Numerous upgrades and improvements have been completed over the years, including some newer replacement windows. Additional features include front and rear porches, hardwood floors throughout, original wood trim and wainscott, ample off-street parking, and an impressive 16,055 SF lot. Conveniently located near shopping, schools, public transportation, and everything Norwood has to offer. A great opportunity to enter the real estate investment market or expand an existing portfolio. With the potential to increase rents over time, this property offers an opportunity to enhance future income and overall return. Showings by appointment - 24+ hour notice preferred. Second floor to be shown with an accepted offer. Property is being sold As Is.

5 Jacobs Road, Norwood

$814,900

5 Beds ⋅ 4 Baths ⋅ 73586673 MLS

Magnificent Multi Opportunity. Neat as a Pin! & wonderful shape. Loads of living space. Two units, 2 bedroom and 3 bedroom. Owners unit has 3 floors of living. 2nd & 3rd floor as well as lower level finished space with Summer Kitchen and separate TV & sitting area. Hardwood throughout. Fenced yard and easy access to highways and main roads. Quick closing possible. Showings begin Wednesday the 7th of October. No open House planned. Buyers and buyers’ agents are responsible for performing all due diligence.

11 Heaton Ave, Norwood

$900,000

5 Beds ⋅ 3 Baths ⋅ 73584362 MLS

RARE Opportunity! TWO Properties for ONE Price! Savvy Buyers head over to Savin! Owned by the same family for over 100 years, 40 & 40½ Savin Ave have been part this family for nearly a Century & are NOW be Offered to the Public. TWO separate homes on ONE lot with possibilities for Investors, Owner Occupied or multigenerational family Buyers. 40 Savin is MULTI-FAMILY Home has 2 Units with period details including hardwood floors, bay windows, built-ins & original woodwork bring character and charm throughout. PLUS Third-floor with plumbing and additional rooms that were used previously as rental offers a possible 3rd Unit. SINGLE FAMILY Home is 40½ Savin, 3 Bed Colonial with Welcoming front porch, traditional floor plan and all 3 Beds & bath on 2nd floor. Bring your vision! Original kitchens & baths offer the opportunity to update at your pace and make these homes your own. Priced Reflects updating ahead, Come See the potential to build value while preserving the character that makes this property special. Separate entrances and distinct living space and a layout offers families the convenience of having everyone on 1 Property. Shared yard, 2 Separate driveways for 6+ off-street parking spaces. Live in one home & Generate income from the Multi-Family. TRUE Multi-Generational Property or INVESTORS DREAM. Prime Location, close to Norwood Center, Commuter Rail, Restaurants, Rte 1, Rte 1A & I-95. HURRY, TWO PROPERTIES ONE PRICE.

40-40 1/2 Savin Avenue, Norwood

$925,000

4 Beds ⋅ 3 Baths ⋅ 73581577 MLS

Opportunity knocks! Well-maintained and nicely updated two-family home in a convenient Norwood neighborhood, set on a huge lot of nearly 1/2 acre. Featuring a hard-to-find finished lower level that offers excellent flexibility for owner-occupants or additional living space. Unit 1 offers direct-entry access into a spacious foyer and features a fully applianced updated kitchen with granite center island, two good-size bedrooms, a bright living room, and full-size coin-op laundry machines and a private porch. Unit 2 has direct access and occupies the second and third floors, featuring an updated kitchen with granite countertops, newer stainless-steel appliances, along with spacious living room, a generous-size bedroom with walk-in closet and access to a private porch. The third floor provides additional flexibility as a bedroom or office with access to a private porch. The finished lower level offers even more usable space, featuring an updated kitchen, full bathroom, laundry, three-season porch, and convenient walk-out access. Outside, enjoy a large private yard, level driveway with ample parking, a detached garage, and an oversized shed. Ideally situated on a quiet street with easy commuter access just 1.5 miles from Norwood Central commuter rail station.

52 Highview Street, Norwood

$625,000

4 Beds ⋅ 3 Baths ⋅ 73580031 MLS

Not your typical two-family! Welcome to 28 Monroe St, a move-in-ready property offering the space and feel of a single-family home with the flexibility, versatility and income potential of a separate second unit. An ideal opportunity for an owner-occupant, multigenerational household or investor, both units are vacant and ready for their next chapter. The two units share minimal wall space - maximizing privacy and separation. Unit A lives more like a traditional single-family home, offering 3 bedrooms, 1.5 baths and multiple living spaces. Fresh paint and new carpeting provide a clean, move-in-ready feel, while hardwood flooring adds character to the bedrooms. Flexible bonus space gives you options for a formal dining room, home office, den or additional living area. Unit A also features gas heat and gas hot water. Unit B is a separate 1-bedroom, 1-bath residence with gas forced-air heat and gas hot water—perfect for generating rental income, accommodating extended family or creating private guest quarters. Each unit enjoys its own laundry and separate basement area, providing valuable additional storage. Outside, off-street parking for 4 and a shared yard with private areas for each unit add to the property's everyday functionality. There is also a shed for common use storage on the property as well. Additional highlights include municipal electric and a roof approximately 8–10 years young. The location ties it all together, offering convenient access to Norwood's commuter rail, major highways, downtown, shopping, dining and everyday amenities. Live comfortably in Unit A while renting Unit B, create a multigenerational setup, or take advantage of two vacant units for your investment portfolio. 28 Monroe St offers the flexibility to make this property work for you! Showings begin immediately- don't wait and miss out on a rare opportunity! House-hacking at its finest! Quick close possible. Call today for your private showing!

28 A&B Monroe St, Norwood

$849,900

6 Beds ⋅ 3 Baths ⋅ 73579004 MLS

Fantastic opportunity to own a well-maintained, move-in ready two-family home in a highly desirable Norwood location! Situated on an oversized corner lot, this property also offers the potential to add an ADU for additional rental income. This versatile property is ideal for owner-occupants, multi-generational living, or investors seeking rental income. The first unit gutted and renovated around 2003 features 2 bedrooms, a spacious living room, an eat-in kitchen, and a full bath with great ceiling height and natural light. The second unit offers two levels of living with a flexible layout. The first floor consisting of 2 bedrooms, a living room, eat-in kitchen, and full bath, plus an additional two rooms and half bath on the second level, making it perfect for larger households, or home office space. Additional features include all replacement windows, separate utilities, basement laundry, abundant storage space including an outdoor shed, and ample off-street parking to accommodate 8+ cars. Enjoy the convenience of being just a short walk to Norwood Center, commuter rail, shops, restaurants, and local amenities. A rare opportunity in a fantastic commuter-friendly location. Units are currently vacant. Ready for owner occupancy or rental income! Don't miss out!

3 School Street, Norwood

$749,000

4 Beds ⋅ 2 Baths ⋅ 73576050 MLS

Investors Let's Go!! Opportunity awaits at 32 Hillside Avenue! Built in 1920, this American Foursquare two-family home offers approximately 2,070 square feet of living space on a generous 14,495-square-foot lot. Originally designed with four-bedroom layouts, both units were most recently used as three bedrooms each. The property features two full bathrooms and offers tremendous potential for investors, contractors or builders ready to take on a significant renovation project. Conveniently located in Norwood with ample outdoor space and possibilities to reimagine the property. OPEN HOUSE Sunday 11:30-1:00 Being sold as-is. Buyers and buyers’ agents are responsible for performing all due diligence.

32 Hillside Avenue, Norwood

$890,000

4 Beds ⋅ 2 Baths ⋅ 73573689 MLS

A rare opportunity for both owner-occupied and investors, this meticulously maintained 2-story multifamily property combines long-term income potential with everyday livability. A generous front yard setback enhances the home's curb appeal while providing a welcoming buffer from the street. Each level features a well-proportioned 2-bedroom, 1-bath layout completes with gleaming hardwood floors, an in-unit washer and dryer, and a bright enclosed porch. The flexible floor plan is ideal for generating steady rental income while living on-site, accommodating multigenerational living arrangements, or expanding a real estate portfolio. Additional convenience comes via a walk-up attic on the second floor, offering exceptional storage or future expansion possibilities, alongside a fully fenced backyard for private outdoor enjoyment. Positioned in a highly desirable Norwood neighborhood, the property sits within an easy walk of the vibrant town center, the commuter rail for effortless commuting, Wendover Park, and the local recreational center, acing local shops, dining, and amenities right at your doorstep.

187 Walpole St, Norwood

$1,199,000

5 Beds ⋅ 3 Baths ⋅ 73571007 MLS

Excellent investment opportunity in this well maintained three family located within 0.6mi of Norwood train station and all the shops, stores and restaurants of downtown Norwood. All three units are in excellent condition with tenants in place till August 31st, 2027. First floor is a two bedroom and one full bath unit with a newly renovated kitchen and appliances. Second floor is two bedroom and one full bath with newly remodeled kitchen and new appliances. Third floor is one spacious bedroom and a full bath. Many updates include the roof, siding and windows. Separate GAS heating and hot water. Parking for 6 cars.

69 Prospect Ave, Norwood

$1,150,000

7 Beds ⋅ 3 Baths ⋅ 73568240 MLS

Exceptional investment opportunity near the Westwood line, offering an attractive 7%+ cap rate with additional upside potential from below-market rents! This recently renovated three-family property combines strong cash flow with a solid rental history. Each of the three spacious units features updated kitchens with newer appliances, renovated bathrooms, generously sized rooms, and separate utilities. Recent improvements include newer roofs and low-maintenance siding. Additional highlights include ample off-street parking, a shared yard, separate laundry facilities, and basement storage. Ideally located in a commuter-friendly neighborhood within walking distance to the train, shops, restaurants, and supermarkets. Comparable monthly rents within the complex are approximately $2,650, $2,650, and $3,700, offering potential for future income growth. A turnkey investment opportunity with immediate cash flow and long-term appreciation potential!

248 Washington Street, Norwood

$600,000

3 Beds ⋅ 2 Baths ⋅ 73566546 MLS

Great opportunity to get into the market with a nice 2 family. First fl. unit has 4 rooms with beautiful eat in kitchen(1991) and vaulted ceilings with plenty of cabinets and closet space. Full bath with skylights and handy adjacent laundry. Spacious living room with h/w fls., plus a separate den/home office or cut through second bedroom if needed. Great size primary bedroom. Second fl. has 3 rooms consisting of eat in kitchen, spacious living room with h/w fls and closet. Good size bedroom plus a full bath finishes off the second fl. Full unfinished basement. Separate electric panels, one heating system (2012) supplies heat and hot water to both units, oil tank (2019). Roof 2014. Inground pool(1988) was open last year. liner 20yrs +-. Very hard to find beautiful half acre lot with many possibilities, expansion, ADU, private yard, garden area. Owner, currently living on the first floor, could be interested in staying on as a tenant if that would be helpful for immediate rental income. Some photos are virtually staged. Home needs some updates and is priced based on that. Sold as is.

35 Wilson St, Norwood

$849,900

2 Beds ⋅ 2 Baths ⋅ 73524534 MLS

Welcome to 24 Short Street, Norwood, MA—an inviting multi-family residence offering two meticulously maintained units. This move-in-ready property presents an excellent opportunity for both comfortable living and potential rental income. Each unit features a thoughtfully designed kitchen with elegant stone countertops and a distinctive wood accent wall that adds warmth and character. The bathrooms are updated and refreshing, each complete with a convenient walk-in shower. The bedrooms are designed with comfort and functionality in mind, and beautiful hardwood flooring. Step outside to enjoy spacious decks or gather around the charming fire pit perfect for relaxing or entertaining. A single garage space adds everyday convenience. Ideally located, this home offers close proximity to a local elementary school, the newly constructed middle school, and convenient access to Route 1, making commuting, shopping, and dining a breeze. Don't miss your opportunity to make this house, HOME!

24 Short St, Norwood

Browse All Norwood MA Multi-Family Properties for Sale

Norwood Multi-Family Real Estate

How much is your home worth?

How much is your home worth?