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1086 Washington St 3 Unit Apartment Building $2,393,177 CAD ($797,726 CAD/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 | $2,393,177 CAD | Building Class | B |
| Price Per Unit | $797,726 CAD | 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 | $2,393,177 CAD |
| Price Per Unit | $797,726 CAD |
| 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 | $1,239,803 CAD |
| Land Assessment | $176,605 CAD | Total Assessment | $1,416,408 CAD |
Property Taxes
Parcel Number
NORW-000009-000003-000018
Land Assessment
$176,605 CAD
Improvements Assessment
$1,239,803 CAD
Total Assessment
$1,416,408 CAD
Contacts
-
Rosa Zhang -
Duncan Chapman -
Rajpreet Sidhu -
Keller Williams Realty - Chestnut Hill
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1086 Washington St
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