1086 Washington St - Apartments FOR SALE


Norwood, MA 02062- Outer Route 1 South
$1,750,000 USD
857-200-5443
1086 Washington St, Norwood, MA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1086 Washington St
Norwood, MA 02062
Outer Route 1 South


HIGHLIGHTS

  • Turnkey Mixed-Use Investment with Upside
  • High-visibility- Corner Lot
  • Event-Driven Commercial Asset

OVERVIEW

1086–88 Washington St., Norwood Sale: Business & Real Estate: Mixed-Use (Restaurant & 3 Apartments)Priced at $1,750,000 The subject property is situated in the town of Norwood less than 25 miles south of Boston. It is comprised of a single parcel of land totaling 14,478 SF, improved mixed-use building. It is located at 1086–1088 Washington St. Norwood. The subject property is further identified as Parcel 9-3-19. Priced at $1,750,000, the Spring 2025 appraised value. This price includes the business, state liquor license, equipment and furnishings. Real Estate: This 10,000 SF building is made up of three 2nd-floor, 2- and 3-bedroom; 1- bathroom apartments and a family-style 140-seat, three-function restaurant that includes dining, a bar with a full liquor license and a separate room for events. The apartments average $3,200/mo. Single-family homes in the neighborhood have sold at an average price point of $725,000 over the last 6 months. Condominium units average $535,000. A nearby 3-unit apartment investment at 25 Sturtevant Ave sold in July 2024 for $1.31MM. Business: The first floor, basement and outside walk-in refrigerator of the property are dedicated entirely to restaurant use. This commercial space features a fully equipped restaurant, bar and multiple function/event spaces, located in a prime downtown area that benefits from high visibility, steady and loyal neighborhood foot traffic and strong local demand making it ideal for hospitality, dining, sports and event-driven functions.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

NORW-000009-000003-000018

ASK ABOUT THIS PROPERTY

Rosa ZhangKeller Williams Realty - Chestnut HillMore Info
857-200-5443

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Rosa ZhangKeller Williams Realty - Chestnut HillMore Info
857-200-5443

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.