Building Details

Building Size 2,807 SF

Year Built 1930

Stories 6

Listing Agency: Coldwell Banker Realty - Westwood

Listed By: Elaine Patterson Show Phone

Source: Cjbarrett

Added: Mar 10 Changed: Aug 31 Last Checked: Aug 29 at 3:32PM

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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 Coldwell Banker Realty - Westwood

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Investment Insights

Based on property information with market context.

This 2807-square-foot duplex contains two townhouse-style residences. The first unit offers 4 bedrooms and 2 full baths and has recently received a complete renovation. The second includes 3 bedrooms and 1 full bath, with the property’s layout providing a comparable configuration across both residences. Each unit has its own heat and hot water, while washer and dryer hookups are located in the lower level. Natural gas service, town water, and town sewer are present. The right side is deleaded.

Located at 23-25 Hoyle St in Norwood, the property is near bus service, Norwood Central train station, restaurants, and shops. Built in 1930 and zoned Res, the duplex combines separate residential systems with a two-unit townhouse arrangement.

Key Highlights

• Two townhouse‑style units with 4‑bedroom/2‑bath and 3‑bedroom/1‑bath layouts
• 2807 SF duplex built in 1930
• Unit 1 recently underwent a complete renovation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,283

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,005,660 $1.0M

Cap Rate 7%

$718,329 $718.3K

Cap Rate 9%

$558,700 $558.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,807 SF

Gross rent

$75.8K $27.00/SF

− Vacancy

−$4.0K −$1.41/SF

EGI

$71.8K $25.59/SF

− OpEx

−$21.5K −$7.68/SF

NOI

$50.3K $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%

$1,005,660

Cap Rate 7%

$718,329

Cap Rate 9%

$558,700

Alternative Uses

Best Use

Multifamily LT 5

$718.3K

$628.5K – $838.1K (±1% cap)

NOI $50,283 @ 7.0% cap · market cap 5.05%

Second Best

Apartment 5plus

$662.8K

$579.9K – $773.2K (±1% cap)

NOI $46,394 @ 7.0% cap · market cap 4.66%

Theoretical Best

Office A

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,321 @ 7.0% cap · market cap 11.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Pharmacy Gym & Fitness Center Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,673

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two townhouse-style units offer separate utilities, lower-level laundry hookups, and one recently renovated residence.

Where is this duplex located?

The property is located at 23-25 Hoyle St Norwood, MA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Two townhouse‑style units with 4‑bedroom/2‑bath and 3‑bedroom/1‑bath layouts; 2807 SF duplex built in 1930; Unit 1 recently underwent a complete renovation