Duplex with Three
New
For Sale
$1,199,500
289 Milton St, Dedham, MA 02026
Two residential units offer flexible layouts, finished-basement space, and separate in-unit laundry.
Property Size3,655 SF
Lot Size0.32 Acres
Price / SF$328.18
Days on Market6
Property Features for 289 Milton St
General Information
Standard status
Active
Size
3,655 SF
Total Parking Spaces
15
Lot size
0.32 Acres
Property subtype
Residential Income
Zoning
G
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,333
Amenities
stainless steel appliances
in-unit laundry
Building Details
Building Size
3,655 SF
Year Built
1920
Listing Agency:
Denkar Realty Group
Listed By:
Sammi Chen
(617) 792-7871
Source:
413realestate
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 14 at 5:41AM
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 Denkar Realty Group
Investment Insights
Based on property information with market context.
This 3,655-square-foot duplex, built in 1920, includes two residential units and three garages on a 0.32-acre parcel. The first unit has three bedrooms and one bathroom on the main level, plus an additional bedroom and bathroom in the finished basement. The second unit provides three bedrooms and one bathroom. Each residence includes in-unit laundry, and both kitchens are fitted with stainless steel appliances.
The property is located near the Readville T-station and approximately 2.8 miles from Legacy Place. A driveway provides additional on-site parking area, while the railroad behind the house is no longer in use.
The property is located near the Readville T-station and approximately 2.8 miles from Legacy Place. A driveway provides additional on-site parking area, while the railroad behind the house is no longer in use.
Key Highlights
- Two‑family duplex with 3,655 square feet on 0.32 acres
- Three garages and a large driveway
- First unit includes 3 bedrooms and 1 bath on the 1st floor, plus 1 bedroom and 1 bath in the finished basement
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
$65,474
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
5.46%
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%
$1,309,480
$1.3M
Cap Rate 7%
$935,343
$935.3K
Cap Rate 9%
$727,489
$727.5K
Market Conditions
NOI Build-Up for 3,655 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
$98.7K $27.00/SF
− Vacancy
−$5.2K −$1.41/SF
EGI
$93.5K $25.59/SF
− OpEx
−$28.1K −$7.68/SF
NOI
$65.5K $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%
$1,309,480
Cap Rate 7%
$935,343
Cap Rate 9%
$727,489
Alternative Uses
Best Use
Multifamily LT 5
$935.3K
$818.4K – $1.09M
NOI $65,474 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$863.0K
$755.1K – $1.01M
NOI $60,410 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,462 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
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?
Duplex - Two residential units offer flexible layouts, finished-basement space, and separate in-unit laundry.
Where is this duplex located?
The property is located at 289 Milton St Dedham, MA.
What is the asking price?
The asking price for this property is $1,199,500.
What are key features of this property?
This property features: Two‑family duplex with 3,655 square feet on 0.32 acres; Three garages and a large driveway; First unit includes 3 bedrooms and 1 bath on the 1st floor, plus 1 bedroom and 1 bath in the finished basement
