2-Family Residence with Central
For Sale
$850,000
26 Tremont St, Norwood, MA 02062
Two-family income property includes central air, gas heat, and basement laundry serving both units.
Property Size1,812 SF
Lot Size0.23 Acres
Price / SF$469.09
Days on Market106
Property Features for 26 Tremont St
General Information
Standard status
Active
Size
1,812 SF
Total Parking Spaces
12
Lot size
0.23 Acres
Property subtype
Multi-Family
Zoning
G
Occupancy
100%
Net Operating Income
$58,800
Additional Details
Business Included
Yes
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,246
Building Details
Building Size
1,812 SF
Year Built
1910
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Boston
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 23
Changed: Sep 4
Last Checked: Aug 19 at 2:12PM
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 - Boston
Investment Insights
Based on property information with market context.
This well-maintained 2-family residence is set up for flexible living and rental income. Unit 1 includes a furnished lower-level in-law style 1-bedroom, 1-bath unit along with an additional connected 1-bedroom, 1-bath main-level unit. Unit 2 spans two floors and provides 3 bedrooms and 1 full bathroom with spacious living areas. Laundry is located in the basement and is accessible to all units. Both units feature gas heat and central air conditioning.
The property is located on a quiet dead-end street just off Washington Street in Norwood. It sits on a large, paved lot with parking for numerous vehicles, offering convenient on-site accommodation for residents and guests.
Private showings are available, with tenants currently in place through the end of May 2026.
The property is located on a quiet dead-end street just off Washington Street in Norwood. It sits on a large, paved lot with parking for numerous vehicles, offering convenient on-site accommodation for residents and guests.
Private showings are available, with tenants currently in place through the end of May 2026.
Key Highlights
- 1910‑built 2‑family property with gas heat and central air conditioning in all units
- Unit 1 includes a furnished 1BR/1BA lower‑level in‑law style unit plus an additional 1BR/1BA connected main‑level unit
- Unit 2 is a two‑floor layout offering 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,459
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,180
$649.2K
Cap Rate 7%
$463,700
$463.7K
Cap Rate 9%
$360,656
$360.7K
Market Conditions
NOI Build-Up for 1,812 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $27.00/SF
− Vacancy
−$2.6K −$1.41/SF
EGI
$46.4K $25.59/SF
− OpEx
−$13.9K −$7.68/SF
NOI
$32.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,180
Cap Rate 7%
$463,700
Cap Rate 9%
$360,656
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.7K – $541.0K
NOI $32,459 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$427.8K
$374.4K – $499.2K
NOI $29,949 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.07M
$938.6K – $1.25M
NOI $75,089 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
915
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family income property includes central air, gas heat, and basement laundry serving both units.
Where is this duplex located?
The property is located at 26 Tremont St Norwood, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1910‑built 2‑family property with gas heat and central air conditioning in all units; Unit 1 includes a furnished 1BR/1BA lower‑level in‑law style unit plus an additional 1BR/1BA connected main‑level unit; Unit 2 is a two‑floor layout offering 3 bedrooms and 1 full bathroom
