Dedham Multifamily Income
2 Leominster Rd Dedham, MA 02026
For Sale
$409,000
Pending
MULTI_FAMILY - Dedham, MA
Property Size2,183 SF
Lot Size0.17 Acres
Days on Market4834
Property Features for 2 Leominster Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
- Parking
- 2
- Fireplace
- 1
- Standard status
- Pending
- APN
- M:0171 L:0036,74047
- Size
- 2,183 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2013
- Tax Annual Amount
- 4810
Building Details
- Year built
- 1960
- Floors in Building
- 4
- Number of units
- 2
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Scott Morris
(508) 238-5000
Added: May 1, 2013
Changed: May 14
Last Checked: Jul 25 at 5:06AM
MLS# 71519000
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents an opportunity for extended family living or income generation, featuring two homes available for the price of one. Situated on a large corner lot, the residence offers ample space. The property features hardwood floors and rooms filled with natural light. With a total area of 2183 square feet, the property is located in Dedham, Massachusetts.
Key Highlights
- Two Homes for the Price of One: Ideal for extended family or rental income.
- Large Corner Lot: Offers ample outdoor space and potential.
- In‑Law Setup: Provides separate living space for family or guests.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.4k | $31.80 |
| − Vacancy | −$3.8k | −$1.75 |
| EGI | $65.6k | $30.05 |
| − OpEx | −$29.5k | −$13.52 |
| NOI | $36.1k | $16.53 |
2,183 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.6K
$488.8K – $651.8K
NOI $39,105 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$515.4K
$451.0K – $601.4K
NOI $36,081 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,463 @ 7.0% cap · market cap 22.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two homes on a large corner lot, ideal for extended family.
Where is this duplex located?
The property is located at 2 Leominster Rd Dedham, MA.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Two Homes for the Price of One: Ideal for extended family or rental income.; Large Corner Lot: Offers ample outdoor space and potential.; In‑Law Setup: Provides separate living space for family or guests.
