Two-Family Duplex with Renovation
New
For Sale
$749,000
32 Hillside Avenue, Norwood, MA 02062
The residential property includes two units and sits on a sizable parcel with room for outdoor use.
Property Size2,070 SF
Lot Size0.33 Acres
Price / SF$361.84
Days on Market4
Property Features for 32 Hillside Avenue
General Information
Standard status
Active
Size
2,070 SF
Lot size
0.33 Acres
Property subtype
Residential Income
Zoning
res
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,253
Amenities
Living Room
Dining Room
Kitchen
Building Details
Building Size
2,070 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Construction
American Foursquare
Listing Agency:
Donahue Real Estate Co.
Listed By:
Lauren F. Dutton
(617) 281-7565
Source:
Fayesimonrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:09PM
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 Donahue Real Estate Co.
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Investment Insights
Based on property information with market context.
Built in 1920, this American Foursquare duplex contains approximately 2,070 square feet of living space on a 14,495-square-foot lot. The two units were designed with four-bedroom layouts and were most recently configured as three bedrooms each. The property has two full bathrooms and is being sold as-is, with renovation work needed.
Zoned residential, the property is located in Norwood, Massachusetts. Its lot provides ample outdoor space alongside the existing two-family residence.
Zoned residential, the property is located in Norwood, Massachusetts. Its lot provides ample outdoor space alongside the existing two-family residence.
Key Highlights
- Two‑family duplex with two units
- Approximately 2,070 square feet of living space
- 14,495‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,081
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,620
$741.6K
Cap Rate 7%
$529,729
$529.7K
Cap Rate 9%
$412,011
$412.0K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$55.9K $27.00/SF
− Vacancy
−$2.9K −$1.41/SF
EGI
$53.0K $25.59/SF
− OpEx
−$15.9K −$7.68/SF
NOI
$37.1K $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%
$741,620
Cap Rate 7%
$529,729
Cap Rate 9%
$412,011
Alternative Uses
Best Use
Multifamily LT 5
$529.7K
$463.5K – $618.0K
NOI $37,081 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$488.8K
$427.7K – $570.2K
NOI $34,213 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,780 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
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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 - The residential property includes two units and sits on a sizable parcel with room for outdoor use.
Where is this duplex located?
The property is located at 32 Hillside Avenue Norwood, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑family duplex with two units; Approximately 2,070 square feet of living space; 14,495‑square‑foot lot
