2-Unit Duplex with Enclosed
82-84 Cottage, Norwood, MA 02062
For Sale
$899,000
Separate gas and electric meters serve the two residences, with individual heating controls.
Property Size2,312 SF
Price / SF$388.84
Days on Market19
Property Features for 82-84 Cottage
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty - Westwood
(781) 320-0550
Listed By:
Hellas Assad
(781) 856-9477
Source:
Iverty
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 5:30PM
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 - Westwood
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Investment Insights
Based on property information with market context.
This 2,312-square-foot duplex, built in 1922, contains two residences: one with four rooms and the other with five. Both have kitchens, updated bathrooms, hardwood floors, pantries, and enclosed porches measuring 7 by 24 feet. Separate gas and electric meters and independent heating controls serve the units. The property also has recessed lighting, electrical upgrades, and a roof reported as 9 years old.
Norwood Center is nearby, with restaurants, shops, houses of worship, bus service, and commuter rail in the surrounding area.
Norwood Center is nearby, with restaurants, shops, houses of worship, bus service, and commuter rail in the surrounding area.
Key Highlights
- Two units with four and five rooms, respectively
- 2,312 square feet; built in 1922
- Each residence has a 7'x24' enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,416
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,320
$828.3K
Cap Rate 7%
$591,657
$591.7K
Cap Rate 9%
$460,178
$460.2K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$62.4K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$59.2K $25.59/SF
− OpEx
−$17.7K −$7.68/SF
NOI
$41.4K $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%
$828,320
Cap Rate 7%
$591,657
Cap Rate 9%
$460,178
Alternative Uses
Best Use
Multifamily LT 5
$591.7K
$517.7K – $690.3K
NOI $41,416 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$545.9K
$477.7K – $636.9K
NOI $38,213 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,809 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
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
$613,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Norfolk County, MA
Properties on Market for Duplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two residences, with individual heating controls.
Where is this duplex located?
The property is located at 82-84 Cottage Norwood, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two units with four and five rooms, respectively; 2,312 square feet; built in 1922; Each residence has a 7'x24' enclosed porch
