
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.
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.
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Building & Exterior
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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
Living Room
Lvl Main,First17 x 11
Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
Dining Room
Lvl Main,First14 x 7
Flooring - Laminate, Exterior Access, Lighting - Overhead
Kitchen
Lvl Main,First14 x 11
Flooring - Laminate, Pantry, Stainless Steel Appliances, Lighting - Overhead
Primary Bedroom
Lvl Second14 x 10
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second13 x 11
Bedroom 3
Lvl Second11 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl First9 x 5
Bathroom - Half
Bathroom 2
Lvl First5 x 5
Bathroom - Full, Bathroom - With Tub & Shower
Property History
$649,900
Sep 21, 2026
MLS® 73580030
$699,000
Sep 3, 2025
MLS® 73404399
$699,000
Jul 15, 2025
MLS® 73404399
Listing Agent: Anthony Mcdonnell
Listing Office: Berkshire Hathaway HomeServices Evolution Properties
MLS® Number: 73580030