Log In/Sign Up
Your email has been sent.
1086 Washington St 3 Unit Apartment Building $1,750,000 ($583,333/Unit) Norwood, MA 02062
Investment Highlights
- Turnkey Mixed-Use Investment with Upside
- Event-Driven Commercial Asset
- High-visibility- Corner Lot
Executive Summary
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.
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.
Property Facts
| Price | $1,750,000 | Building Class | B |
| Price Per Unit | $583,333 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 10,084 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Price | $1,750,000 |
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 10,084 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | NORW-000009-000003-000018 | Improvements Assessment | $904,200 |
| Land Assessment | $128,800 | Total Assessment | $1,033,000 |
Property Taxes
Parcel Number
NORW-000009-000003-000018
Land Assessment
$128,800
Improvements Assessment
$904,200
Total Assessment
$1,033,000
Contacts
-
Rosa Zhang -
Duncan Chapman -
Rajpreet Sidhu -
Keller Williams Realty - Chestnut Hill
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1086 Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.