Brick Multifamily
New
For Sale
$384,900
20 Prospect St, Dalton, MA 01226
MultiFamily, Dalton, MA
Property Size2,316 SF
Lot Size0.61 Acres
Price / SF$166.19
Days on Market6
Property Features for 20 Prospect St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 3
Parking features
Off Street
Basement
Full, Finished
Appliances
Refrigerator, Range, Dishwasher
Lot features
Paved Drive
Elementary school
Craneville
Middle school
Nessacus Regional
High school
Wahconah Regional
Subdivision
Middle Registry
Standard status
Active
Size
2,316 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6585
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1948
Flooring type
Wood
Building materials
Wood Frame, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
eXp REALTY
(888) 854-7493
Listed By:
Kyle Crocker · License #9578982
(413) 464-3635
Added: Aug 28
Last Checked: Sep 2 at 3:06AM
MLS# 250676
Copyright © 2026 Berkshire County Board of Realtors. 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 multifamily property includes a 2,316-square-foot brick Cape and a separate 720-square-foot ranch. The Cape features wood flooring, a fireplace, formal dining room, built-in cabinetry, four bedrooms, two bathrooms, and a basement with a partially finished family room. A fifth bedroom may be possible, as described in the property information. The ranch functions independently with a private entrance, front porch, and separate utilities. Public water and public sewer serve the property, which also includes off-street parking. Built in 1948, the property has wood-frame and brick construction, asphalt roofing, oil heat, and kitchen appliances including a refrigerator, range, and dishwasher. It is located at 20 Prospect St in Dalton, Massachusetts.
Key Highlights
- Two residential buildings on one property
- 2,316‑square‑foot brick Cape with wood floors and fireplace
- Separate 720‑square‑foot ranch with private entrance and front 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
$31,650
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
8.22%
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%
$633,000
$633.0K
Cap Rate 7%
$452,143
$452.1K
Cap Rate 9%
$351,667
$351.7K
Market Conditions
NOI Build-Up for 2,316 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
$58.4K $25.20/SF
− Vacancy
−$817 −$0.35/SF
EGI
$57.5K $24.85/SF
− OpEx
−$25.9K −$11.18/SF
NOI
$31.7K $13.67/SF
Area
Berkshire County, MA
Vacancy
1.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$633,000
Cap Rate 7%
$452,143
Cap Rate 9%
$351,667
Alternative Uses
Best Use
Apartment 5plus
$452.1K
$395.6K – $527.5K
NOI $31,650 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.1K
$593.4K – $791.2K
NOI $47,469 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 01226, MA
6,324
Population
3,013
Households
2.1
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
21.8 sq mi
ZIP Area
290
Density / Sq Mi
$81,168
Median Household Income
$53,606
Median Earnings
$830
Median Rent
$289,300
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?
Multifamily property - Two separate residences include a brick Cape and an independent ranch with its own entrance and utilities.
Where is this multifamily property located?
The property is located at 20 Prospect St Dalton, MA.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two residential buildings on one property; 2,316‑square‑foot brick Cape with wood floors and fireplace; Separate 720‑square‑foot ranch with private entrance and front porch
