Victorian Triplex with Bay
For Sale
$1,050,000
155 Dale Street, Dedham, MA 02026
Three residential units feature spacious layouts, period details, outdoor spaces, and off-street parking.
Property Size3,432 SF
Days on Market107
Property Features for 155 Dale Street
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,625
Building Details
Building Size
3,432 SF
Year Built
1910
Buildings
1
Construction
Victorian
Listing Agency:
Keller Williams Realty
Listed By:
Brian Kenneally · License #9014412
(617) 969-9000
Source:
Jonathanradford
Added: Jun 9
Changed: Sep 21
Last Checked: Sep 22 at 8:19PM
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.
Built in 1910, this 3,432 SF Victorian triplex combines period character with a three-unit residential configuration. The home features a centered entry, front portico, bay windows, high ceilings, and hardwood flooring. Unit 1 includes an eat-in kitchen, living room, formal dining room, two bedrooms, two full baths, laundry hookup, and a three-season porch. Unit 2 offers a comparable layout with two private decks, while the third-floor in-law unit contains an eat-in kitchen, living room, bedroom, and full bath.
The property also includes a large landscaped yard and plentiful off-street parking. Endicott Commuter Rail Station is located nearby, adding a transportation option for residents.
The property also includes a large landscaped yard and plentiful off-street parking. Endicott Commuter Rail Station is located nearby, adding a transportation option for residents.
Key Highlights
- 3,432 SF Victorian triplex built in 1910
- Three residential units with distinct layouts
- Unit 1 includes 2 bedrooms, 2 full baths, laundry hookup, and a three‑season porch
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
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Open Analytics
Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature spacious layouts, period details, outdoor spaces, and off-street parking.
Where is this triplex located?
The property is located at 155 Dale Street 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: 3,432 SF Victorian triplex built in 1910; Three residential units with distinct layouts; Unit 1 includes 2 bedrooms, 2 full baths, laundry hookup, and a three‑season porch
