Spacious Duplex on Large
For Sale
$900,000
Pending
98 Sumner St., Norwood, MA 02062
Townhouse-style duplex with large lot, ideal for investors/owner-occupants.
Property Size2,376 SF
Lot Size0.97 Acres
Days on Market166
Property Features for 98 Sumner St.
General Information
Standard status
Pending
Size
2,376 SF
Total Parking Spaces
8
Lot size
0.97 Acres
Property subtype
Multi-Family
Building Details
Building Size
2,376 SF
Year Built
1972
Stories
6
Listing Agency:
Keller Williams Realty
Listed By:
Wilson Group
(781) 424-6286
Source:
Cjbarrett
Added: May 3
Changed: Aug 23
Last Checked: Jul 17 at 2:32PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This townhouse-style, side-by-side duplex is set on a 0.97-acre (42,203 sq ft) lot. Each unit features a spacious living room, a full dining room with direct access to the expansive backyard, and a half bath on the main level. Upstairs, each unit includes three bedrooms and a full bath. The basement has new heating systems and offers potential for finishing or storage. The property is located near Route 1, providing access to commuting, shopping, and dining. The property offers opportunities for investors, owner-occupants, or expansion. The property size is 2,376 sq ft.
Key Highlights
- Enormous 0.97‑acre lot offers exceptional potential.
- Townhouse‑style, side‑by‑side property provides space and flexibility.
- Each unit has 3 generously sized bedrooms and a full bath upstairs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,562
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,240
$851.2K
Cap Rate 7%
$608,029
$608.0K
Cap Rate 9%
$472,911
$472.9K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$64.2K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$60.8K $25.59/SF
− OpEx
−$18.2K −$7.68/SF
NOI
$42.6K $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%
$851,240
Cap Rate 7%
$608,029
Cap Rate 9%
$472,911
Alternative Uses
Best Use
Multifamily LT 5
$608.0K
$532.0K – $709.4K
NOI $42,562 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,271 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,461 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,004
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style duplex with large lot, ideal for investors/owner-occupants.
Where is this duplex located?
The property is located at 98 Sumner St. Norwood, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Enormous 0.97‑acre lot offers exceptional potential.; Townhouse‑style, side‑by‑side property provides space and flexibility.; Each unit has **3 generously sized bedrooms** and a full bath upstairs.
