Duplex with Finished Lower
For Sale
$998,000
52 Highview Street, Norwood, MA 02062
Two residences are supplemented by a finished lower level with a kitchen, full bath, laundry, and walk-out access.
Property Size3,015 SF
Days on Market24
Property Features for 52 Highview Street
General Information
Standard status
Active
Size
3,015 SF
Property subtype
2 Family - 2 Units Up/Down
Taxes and HOA fees
Annual Taxes
$7,002
Building Details
Building Size
3,015 SF
Year Built
1900
Listing Agency:
RE/MAX Select Realty
Listed By:
Marie Anthony · License #9038957
(617) 922-1592
Source:
Nerealtyco
Added: Sep 23
Changed: Oct 13
Last Checked: Oct 15 at 7:21AM
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 RE/MAX Select Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,015-square-foot duplex contains two main apartments and a finished lower level. The first-floor unit has two bedrooms, an updated kitchen with a granite island, a living room, laundry, and a private porch. The upper residence spans the second and third floors, with two bedrooms, an updated kitchen, and porch access; its top-floor space can serve as a living area, office, or potential third bedroom. The lower level adds a kitchen, full bathroom, laundry, a three-season porch, and a walk-out entrance.
The property occupies nearly 1/2 acre at 52 Highview Street in Norwood, Massachusetts. Norwood Central commuter rail station is 1.5 miles away. Site improvements include a detached garage, an oversized shed, a level driveway with ample parking, and a private yard.
The property occupies nearly 1/2 acre at 52 Highview Street in Norwood, Massachusetts. Norwood Central commuter rail station is 1.5 miles away. Site improvements include a detached garage, an oversized shed, a level driveway with ample parking, and a private yard.
Key Highlights
- 3,015‑square‑foot duplex built in 1900
- Nearly 1/2 acre in Norwood, Massachusetts
- Finished lower level with kitchen, full bathroom, laundry, three‑season porch, and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,009
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,180
$1.1M
Cap Rate 7%
$771,557
$771.6K
Cap Rate 9%
$600,100
$600.1K
Market Conditions
NOI Build-Up for 3,015 SF
Gross rent
$81.4K $27.00/SF
− Vacancy
−$4.2K −$1.41/SF
EGI
$77.2K $25.59/SF
− OpEx
−$23.1K −$7.68/SF
NOI
$54.0K $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%
$1,080,180
Cap Rate 7%
$771,557
Cap Rate 9%
$600,100
Alternative Uses
Best Use
Multifamily LT 5
$771.6K
$675.1K – $900.2K
NOI $54,009 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$711.9K
$622.9K – $830.5K
NOI $49,832 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,941 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
902
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 - Two residences are supplemented by a finished lower level with a kitchen, full bath, laundry, and walk-out access.
Where is this duplex located?
The property is located at 52 Highview Street Norwood, MA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 3,015‑square‑foot duplex built in 1900; Nearly 1/2 acre in Norwood, Massachusetts; Finished lower level with kitchen, full bathroom, laundry, three‑season porch, and walk‑out access
