Three-Unit Triplex with Vacant
New
For Sale
$995,000
5 Jacobs Road, Norwood, MA 02062
The second-floor residence is scheduled to be vacant at closing, while the property also includes front and rear porches.
Property Size2,860 SF
Lot Size0.37 Acres
Price / SF$347.90
Days on Market4
Property Features for 5 Jacobs Road
General Information
Standard status
Active
Size
2,860 SF
Total Parking Spaces
5
Lot size
0.37 Acres
Property subtype
Residential Income
Zoning
G
Net Operating Income
$46,032
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR+den/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,867
Amenities
porches
off-street parking
Building Details
Building Size
2,860 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty - Canton
Listed By:
Ron Resha · License #449588039
(781) 752-6111
Source:
413realestate
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 5:15PM
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 - Canton
Investment Insights
Based on property information with market context.
This 2,860-square-foot triplex contains three residences. The first-floor unit has five rooms, three bedrooms, and one full bath, with gas-fired forced-air heat. The second-floor unit has the same room and bedroom count and a full bath, plus a Navien heating system; it is to be delivered vacant at closing. The third-floor residence includes three rooms, one bedroom, a den, and a full bath, with electric baseboard heat. Some replacement windows have been installed, and the property has front and rear porches and off-street parking.
The building, constructed in 1925, sits on a 16,055-square-foot lot and is zoned G. It is located near shopping, schools, and public transportation in Norwood.
The building, constructed in 1925, sits on a 16,055-square-foot lot and is zoned G. It is located near shopping, schools, and public transportation in Norwood.
Key Highlights
- Three residences totaling 2,860 SF
- 16,055 SF lot; zoned G
- Second‑floor unit to be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,232
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,640
$1.0M
Cap Rate 7%
$731,886
$731.9K
Cap Rate 9%
$569,244
$569.2K
Market Conditions
NOI Build-Up for 2,860 SF
Gross rent
$77.2K $27.00/SF
− Vacancy
−$4.0K −$1.41/SF
EGI
$73.2K $25.59/SF
− OpEx
−$22.0K −$7.68/SF
NOI
$51.2K $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%
$1,024,640
Cap Rate 7%
$731,886
Cap Rate 9%
$569,244
Alternative Uses
Best Use
Multifamily LT 5
$731.9K
$640.4K – $853.9K
NOI $51,232 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$675.3K
$590.9K – $787.8K
NOI $47,270 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,518 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
674
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The second-floor residence is scheduled to be vacant at closing, while the property also includes front and rear porches.
Where is this triplex located?
The property is located at 5 Jacobs Road 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: Three residences totaling 2,860 SF; 16,055 SF lot; zoned G; Second‑floor unit to be vacant at closing
