Three-Unit
13 Lewis Ave, Norwood, MA 02062
For Sale
$899,000
Three one-bedroom residences are currently occupied by tenants.
Property Size1,934 SF
Price / SF$464.84
Days on Market24
Property Features for 13 Lewis Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
PJ Mulvehill Realty
Listed By:
Patrick J. Mulvehill
(508) 718-7328
Source:
Iverty
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 7 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PJ Mulvehill Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three one-bedroom units within 1,934 square feet. Built in 1910, the property is currently occupied by tenants, and the units require updating.
The building is on a dead-end street in Norwood, near transportation and shopping.
The building is on a dead-end street in Norwood, near transportation and shopping.
Key Highlights
- Three one‑bedroom units
- 1,934 square feet of building area
- Constructed in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,645
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,900
$692.9K
Cap Rate 7%
$494,929
$494.9K
Cap Rate 9%
$384,944
$384.9K
Market Conditions
NOI Build-Up for 1,934 SF
Gross rent
$52.2K $27.00/SF
− Vacancy
−$2.7K −$1.41/SF
EGI
$49.5K $25.59/SF
− OpEx
−$14.8K −$7.68/SF
NOI
$34.6K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,900
Cap Rate 7%
$494,929
Cap Rate 9%
$384,944
Alternative Uses
Best Use
Multifamily LT 5
$494.9K
$433.1K – $577.4K
NOI $34,645 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$456.6K
$399.6K – $532.8K
NOI $31,965 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,144 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 02062, MA
31,611
Population
13,961
Households
2.3
Avg Household Size
41
Median Age
53%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
3,011
Density / Sq Mi
$97,110
Median Household Income
$60,434
Median Earnings
$2,056
Median Rent
$613,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Norfolk County, MA
Properties on Market for Triplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences are currently occupied by tenants.
Where is this triplex located?
The property is located at 13 Lewis Ave Norwood, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three one‑bedroom units; 1,934 square feet of building area; Constructed in 1910
