Victorian Triplex with Three
For Sale
$1,050,000
155 Dale St, Dedham, MA 02026
Three-unit Victorian home with hardwood floors, multiple private outdoor spaces, and off-street parking.
Property Size3,432 SF
Days on Market61
Property Features for 155 Dale St
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,625
Building Details
Building Size
3,432 SF
Year Built
1910
Stories
3
Units
2
Listing Agency:
Keller Williams Realty
(617) 688-8800
Listed By:
Brian Kenneally
(617) 688-8800
Source:
Elliman
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 10 at 7:47AM
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
Investment Insights
Based on property information with market context.
This Victorian multi-family home features a classic center entrance with a front portico and elegant bay windows. Interior highlights include soaring ceilings and gleaming hardwood floors throughout. The property is arranged as three separate living units with distinct layouts and in-unit function, including laundry hookup for Unit 1 and multiple outdoor spaces for added livability.
Unit 1 includes an eat-in kitchen, gracious living room, formal dining room, two spacious bedrooms, two full baths, and access to a sun-filled three-season porch. Unit 2 offers a similar layout and includes two private decks. The third-floor in-law includes an eat-in kitchen, living room, bedroom, and a full bath.
Outside, the home is set on a nicely landscaped large yard and provides plentiful off-street parking. It is also listed as being in close proximity to the Endicott Commuter Rail Station, supporting tenant convenience for commuting needs. With three units and separate living accommodations, the property may suit buyers seeking a residential income structure with well-defined floorplans and outdoor space across the units.
Unit 1 includes an eat-in kitchen, gracious living room, formal dining room, two spacious bedrooms, two full baths, and access to a sun-filled three-season porch. Unit 2 offers a similar layout and includes two private decks. The third-floor in-law includes an eat-in kitchen, living room, bedroom, and a full bath.
Outside, the home is set on a nicely landscaped large yard and provides plentiful off-street parking. It is also listed as being in close proximity to the Endicott Commuter Rail Station, supporting tenant convenience for commuting needs. With three units and separate living accommodations, the property may suit buyers seeking a residential income structure with well-defined floorplans and outdoor space across the units.
Key Highlights
- Three‑unit Victorian home built in 1910 with hardwood floors throughout
- Unit 1 includes eat‑in kitchen, living room, formal dining room, 2 bedrooms, 2 full baths, laundry hookup, and a 3‑season porch
- Unit 2 has a similar layout and includes two private decks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,580
$1.2M
Cap Rate 7%
$878,271
$878.3K
Cap Rate 9%
$683,100
$683.1K
Market Conditions
NOI Build-Up for 3,432 SF
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.
Gross rent
$92.7K $27.00/SF
− Vacancy
−$4.8K −$1.41/SF
EGI
$87.8K $25.59/SF
− OpEx
−$26.3K −$7.68/SF
NOI
$61.5K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,580
Cap Rate 7%
$878,271
Cap Rate 9%
$683,100
Alternative Uses
Best Use
Multifamily LT 5
$878.3K
$768.5K – $1.02M
NOI $61,479 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$810.3K
$709.1K – $945.4K
NOI $56,724 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,221 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit Victorian home with hardwood floors, multiple private outdoor spaces, and off-street parking.
Where is this triplex located?
The property is located at 155 Dale St Dedham, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑unit Victorian home built in 1910 with hardwood floors throughout; Unit 1 includes eat‑in kitchen, living room, formal dining room, 2 bedrooms, 2 full baths, laundry hookup, and a 3‑season porch; Unit 2 has a similar layout and includes two private decks
