Active
4 Days on market
28 Monroe St Norwood — Photo 1 of 42

28 Monroe St Norwood — Photo 1 of 42

$649,900

Investment Analysis — 28 Monroe St

Norwood, MA 02062

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02062 carries an estimated $3,730/mo in gross rent — about a 4.22% cap rate and $27,452/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,640

Style

Single Family

Built

1910

Are you looking for a home with an ADU or in-law apartment, look no further! Welcome to 28 Monroe St, a move-in-ready property offering the space and feel of a single-family home with the flexibility, versatility and income potential of a separate second unit. An ideal opportunity for an owner-occupant, multigenerational household or investor, this property is vacant and ready for their next chapter. The main home lives more like a traditional single-family home, offering 3 bedrooms, 1.5 baths and multiple living spaces. Fresh paint and new carpeting provide a clean, move-in-ready feel, while hardwood flooring adds character to the bedrooms. Flexible bonus space gives you options for a formal dining room, home office, den or additional living area. In the unfinished basement there is room for storage or future expansion. Attached at the rear of the home is the ADU/In-Law and features a well appointment kitchen, large living room with gleaming hardwood floors, as well as 1-bedroom and a full bath —perfect for generating rental income, accommodating extended family or creating private guest quarters with its own entrances. Each unit enjoys its own laundry and separate basement area, providing valuable additional storage or expansion possibilities. Outside, off-street parking for 4 and a shared yard with private areas for each unit add to the property's everyday functionality. There is also a shed for common use storage on the property as well. Additional highlights include municipal electric and a roof approximately 8–10 years young. The location ties it all together, offering convenient access to Norwood's commuter rail, major highways, downtown, shopping, dining and everyday amenities. 28 Monroe St offers the flexibility to make this property work for you! Showings begin immediately- don't wait and miss out on a rare opportunity! House-hacking at its finest! Quick close possible. Call today for your private showing!

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: 820 sq ft (the lesser of 900 sq ft or half the 1,640 sq ft principal dwelling). Lot size: 6,075 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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$649,900
Annual Taxes$6,566

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Carpet, Pine, Laminate, Flooring - Hardwood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Baseboard
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningG

Property & Lot

Acres0.14
SqFt Lot6,075
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Bathroom 1Bathroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

17 x 11

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Dining Room
Lvl Main,First

14 x 7

Flooring - Laminate, Exterior Access, Lighting - Overhead

Kitchen
Lvl Main,First

14 x 11

Flooring - Laminate, Pantry, Stainless Steel Appliances, Lighting - Overhead

Primary Bedroom
Lvl Second

14 x 10

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

13 x 11

Bedroom 3
Lvl Second

11 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

9 x 5

Bathroom - Half

Bathroom 2
Lvl First

5 x 5

Bathroom - Full, Bathroom - With Tub & Shower

Property History

Listed
$649,900

Sep 21, 2026

MLS® 73580030

Expired
$699,000

Sep 3, 2025

MLS® 73404399

Listed
$699,000

Jul 15, 2025

MLS® 73404399

Listing Provided By

Listing Agent: Anthony Mcdonnell

Listing Office: Berkshire Hathaway HomeServices Evolution Properties

MLS® Number: 73580030