Duplex with Detached
New
For Sale
$625,000
28 Heaton Avenue, Norwood, MA 02062
Two apartments feature eat-in kitchens, double parlors, and access to a walkout basement.
Property Size2,560 SF
Price / SF$244.14
Days on Market3
Property Features for 28 Heaton Avenue
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
garage
Building Details
Year Built
1929
Buildings
1
Listing Agency:
Moor Realty Group
Listed By:
Jennifer Lamoureux · License #455022166
(508) 558-2689
Source:
Cabotandcompany
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:36PM
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 Moor Realty Group
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Investment Insights
Based on property information with market context.
Built in 1929, this Norwood duplex contains two apartments within 2,560 square feet. Each unit offers two bedrooms, a full bathroom, an eat-in kitchen, and a double-parlor layout. The parlors may offer flexibility for a third bedroom. A basement with a walkout door adds usable space, and a detached garage is located behind the home. Parking is available both on the property and on the street.
The property is close to downtown Norwood, with access to Routes 1 and 95. Norwood Central Station is less than a mile away.
The property is close to downtown Norwood, with access to Routes 1 and 95. Norwood Central Station is less than a mile away.
Key Highlights
- Two‑unit duplex with 2,560 square feet; built in 1929
- Each apartment has two bedrooms, one full bath, an eat‑in kitchen, and a double‑parlor layout
- Rear garage, on‑site parking, and street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,858
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,160
$917.2K
Cap Rate 7%
$655,114
$655.1K
Cap Rate 9%
$509,533
$509.5K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$69.1K $27.00/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$65.5K $25.59/SF
− OpEx
−$19.7K −$7.68/SF
NOI
$45.9K $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%
$917,160
Cap Rate 7%
$655,114
Cap Rate 9%
$509,533
Alternative Uses
Best Use
Multifamily LT 5
$655.1K
$573.2K – $764.3K
NOI $45,858 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$604.5K
$528.9K – $705.2K
NOI $42,312 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,086 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature eat-in kitchens, double parlors, and access to a walkout basement.
Where is this duplex located?
The property is located at 28 Heaton Avenue Norwood, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,560 square feet; built in 1929; Each apartment has two bedrooms, one full bath, an eat‑in kitchen, and a double‑parlor layout; Rear garage, on‑site parking, and street parking
