Duplex with In-Law
For Sale
$409,000
Pending
2 Leominster Rd, Dedham, MA 02026
Two residential units support extended-family living or income-producing use on a corner lot.
Property Size2,183 SF
Days on Market4916
Property Features for 2 Leominster Rd
General Information
Standard status
Pending
Size
2,183 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,810
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Cidalia Mendonca Matukas
(781) 389-7252
Source:
Exprealty
Added: May 2, 2013
Changed: Oct 2
Last Checked: Oct 15 at 12:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,183-square-foot duplex at 2 Leominster Rd in Dedham, MA includes an in-law arrangement and two residential living areas. Hardwood flooring, naturally bright rooms, and a spacious corner lot add practical character to the property. The configuration accommodates extended-family use while also supporting residential income potential.
The property is positioned near local amenities, providing convenient access to everyday services. Its combination of two-home functionality, flexible household arrangement, and substantial interior space creates a residential income property suited to multiple occupancy needs.
The property is positioned near local amenities, providing convenient access to everyday services. Its combination of two-home functionality, flexible household arrangement, and substantial interior space creates a residential income property suited to multiple occupancy needs.
Key Highlights
- 2,183‑square‑foot duplex in Dedham, MA
- Two‑home configuration with an in‑law arrangement
- Large corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,081
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,620
$721.6K
Cap Rate 7%
$515,443
$515.4K
Cap Rate 9%
$400,900
$400.9K
Market Conditions
NOI Build-Up for 2,183 SF
Gross rent
$69.4K $31.80/SF
− Vacancy
−$3.8K −$1.75/SF
EGI
$65.6K $30.05/SF
− OpEx
−$29.5K −$13.52/SF
NOI
$36.1K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,620
Cap Rate 7%
$515,443
Cap Rate 9%
$400,900
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 02026, MA
25,364
Population
10,648
Households
2.4
Avg Household Size
43
Median Age
55%
College-Educated
94%
High-School Grad
10.3 sq mi
ZIP Area
2,463
Density / Sq Mi
$124,375
Median Household Income
$74,594
Median Earnings
$2,058
Median Rent
$630,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units support extended-family living or income-producing use on a corner lot.
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: 2,183‑square‑foot duplex in Dedham, MA; Two‑home configuration with an in‑law arrangement; Large corner lot
