
28 Monroe Street Norwood — Photo 1 of 42
$649,900
Investment Analysis — 28 Monroe Street
Norwood, MA 02062
Based on rent reported on the MLS listing, a 2-unit multi-family in 02062 carries $5,350/mo in gross rent — about a 6.50% cap rate and $42,226/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
2 Family - 2 Units Side by Side
Built
1910
Not your typical two-family! 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, both units are vacant and ready for their next chapter. The two units share minimal wall space - maximizing privacy and separation. Unit A 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. Unit A also features gas heat and gas hot water. Unit B is a separate 1-bedroom, 1-bath residence with gas forced-air heat and gas hot water—perfect for generating rental income, accommodating extended family or creating private guest quarters. Each unit enjoys its own laundry and separate basement area, providing valuable additional storage. 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. Live comfortably in Unit A while renting Unit B, create a multigenerational setup, or take advantage of two vacant units for your investment portfolio. 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!
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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Range • Microwave • Refrigerator
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Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
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Listing Agent: Anthony Mcdonnell
Listing Office: Berkshire Hathaway HomeServices Evolution Properties
MLS® Number: 73580031