139 Gay Street Norwood — Photo 1 of 27
$589,900
Investment Analysis — 139 Gay Street
Norwood, MA 02062
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02062 carries an estimated $2,820/mo in gross rent — about a 3.42% cap rate and $20,172/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,188
Style
Single Family
Built
1945
Attractive Cape Cod home with A Dormers, Full shed dormers on rear, Full basement with 1-car garage under. Flagstone walk to front porch / Entry to Foyer w/hardwood floor, coat closet and stairs to 2nd floor / Front-2-back Living room with fireplace, recessed lighting, bookshelves, hardwood floor and access to 3 season heated porch / Formal Dining room with china closet, hardwood floor and access to Kitchen / Kitchen with painted wood cabinets, gas stove, corean countertop, and custom cabinets for built-in fridge / Access to Mudroom w/side and rear doors, access to deck overlooking large fenced in yard / 2nd Floor features 2 bedrooms, each with A dormers, and one with built in closets. Full basement with storage, mechanical area, laundry and heated toilet seat (HTS).
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 594 sq ft (the lesser of 900 sq ft or half the 1,188 sq ft principal dwelling). Lot size: 11,057 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Other
Neighborhood
Public Transportation • Shopping • Highway Access • Public School • Other
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First21 x 10.11
Flooring - Hardwood
Dining Room
Lvl Main,First11 x 10
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,First9.7 x 8.2
Flooring - Laminate, Pantry, Countertops - Upgraded, Cabinets - Upgraded, Recessed Lighting
Primary Bedroom
Lvl Second17.9 x 10.3
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12.3 x 10.8
Bathroom 1
Lvl First7 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Listing Agent: George H. Raymond Ii
Listing Office: Raymond & Son REALTORS®
MLS® Number: 73578043