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47 Chapel St 34 Unit Apartment Building $9,000,000 ($264,706/Unit) 6.17% Cap Rate Norwood, MA 02062
INVESTMENT HIGHLIGHTS
- Easy access to town center, easy access to commuter rail and commuter rail area.
EXECUTIVE SUMMARY
THE CHAPEL STREET PORTFOLIO presents a rare opportunity to
acquire a fully stabilized, cash-flowing multifamily asset located
in the highly desirable suburb of Norwood, Massachusetts.
Comprising 34 residential units, 47 Chapel Street offers a
unique blend of suburban charm and urban accessibility, just
steps from Norwood Center and less than 0.5 miles from the
Norwood Commuter Rail Station, providing a direct connection
into downtown Boston.
With a strong history of full occupancy, this asset benefits from
consistent rental income and robust tenant demand.
Norwood's growing economy, combined with a limited local
supply of quality rental housing, makes this a premier
investment opportunity in a proven and expanding submarket.
acquire a fully stabilized, cash-flowing multifamily asset located
in the highly desirable suburb of Norwood, Massachusetts.
Comprising 34 residential units, 47 Chapel Street offers a
unique blend of suburban charm and urban accessibility, just
steps from Norwood Center and less than 0.5 miles from the
Norwood Commuter Rail Station, providing a direct connection
into downtown Boston.
With a strong history of full occupancy, this asset benefits from
consistent rental income and robust tenant demand.
Norwood's growing economy, combined with a limited local
supply of quality rental housing, makes this a premier
investment opportunity in a proven and expanding submarket.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $9,000,000 | Building Class | B |
| Price Per Unit | $264,706 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 18,888 SF |
| Cap Rate | 6.17% | Average Occupancy | 100% |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | G, Norwood - Multifamily. | ||
| Price | $9,000,000 |
| Price Per Unit | $264,706 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 18,888 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | G, Norwood - Multifamily. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,500 | 417 |
| 1+1 | 20 | $1,925 | 550 - 650 |
| 2+1 | 10 | $2,350 | 764 |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | NORW-000003-000006A-000043 | Improvements Assessment | $2,528,700 |
| Land Assessment | $1,330,000 | Total Assessment | $3,858,700 |
PROPERTY TAXES
Parcel Number
NORW-000003-000006A-000043
Land Assessment
$1,330,000
Improvements Assessment
$2,528,700
Total Assessment
$3,858,700
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47 Chapel St
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