Two-Unit Duplex with Finished Lower
New
For Sale
$998,000
52 Highview Street, Norwood, MA 02062
Residential Income, Norwood, MA
Property Size3,015 SF
Lot Size0.44 Acres
Price / SF$331.01
Days on Market5
Property Features for 52 Highview Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
G
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3
Parking
7
Middle school
Coakley Middle School
High school
Norwood High School
Directions
Washington Street to Upton Avenue to Highview Street, directly across from Coakley Middle School.
Standard status
Active
APN
158841
Size
3,015 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7002
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Select Realty · RE/MAX International
(617) 787-9800
Listed By:
Kevin Cleary · License #449530776
(617) 304-1277
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 27 at 1:06PM
MLS# 73581577
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,015-square-foot duplex contains two residences, each with two bedrooms and an updated kitchen. The second residence spans the upper two floors, with an additional third-floor room and access to a private porch. A finished lower level adds a kitchen, full bathroom, laundry area, three-season porch, and walk-out access. The property was built in 1900 and is zoned G.
The 0.4419-acre parcel includes a private yard, level driveway, detached garage, and oversized shed. Norwood Central commuter rail station is 1.5 miles away.
The 0.4419-acre parcel includes a private yard, level driveway, detached garage, and oversized shed. Norwood Central commuter rail station is 1.5 miles away.
Key Highlights
- Two residences, each with an updated kitchen and two bedrooms
- 3,015 square feet on a 0.4419‑acre parcel
- Finished lower level includes a kitchen, full bathroom, laundry, three‑season porch, and walk‑out
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
$54,009
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
5.41%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
902
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated kitchens, private porches, and additional finished space with a walk-out.
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: Two residences, each with an updated kitchen and two bedrooms; 3,015 square feet on a 0.4419‑acre parcel; Finished lower level includes a kitchen, full bathroom, laundry, three‑season porch, and walk‑out
