Multifamily Property with Hardwood
85 Mt Hope, Dedham, MA 02026
For Sale
$799,000
The two-story colonial layout includes six bedrooms and two full bathrooms.
Property Size2,426 SF
Lot Size0.12 Acres
Price / SF$329.35
Days on Market24
Property Features for 85 Mt Hope
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
eXp Realty LLC - Corporate Office
Listed By:
Rafael Reyes
(508) 960-9990
Source:
Peridot-properties
Added: Oct 18
Changed: Nov 7
Last Checked: Nov 10 at 5:16AM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
This two-story colonial multifamily property contains 2,426 square feet, with six bedrooms and two full bathrooms. Hardwood flooring runs through the home, while the kitchen features wainscoting and a walk-in closet provides additional storage. Built in 1880, the property sits on a 5,300-square-foot lot.
Key Highlights
- 2,426 square feet of interior space
- Six bedrooms and two full bathrooms across two stories
- 5,300‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,097
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,940
$801.9K
Cap Rate 7%
$572,814
$572.8K
Cap Rate 9%
$445,522
$445.5K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$77.1K $31.80/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$72.9K $30.05/SF
− OpEx
−$32.8K −$13.52/SF
NOI
$40.1K $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%
$801,940
Cap Rate 7%
$572,814
Cap Rate 9%
$445,522
Alternative Uses
Best Use
Apartment 5plus
$572.8K
$501.2K – $668.3K
NOI $40,097 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,533 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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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
$630,400
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Norfolk County, MA
Properties on Market for Multifamily properties in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The two-story colonial layout includes six bedrooms and two full bathrooms.
Where is this multifamily property located?
The property is located at 85 Mt Hope Dedham, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,426 square feet of interior space; Six bedrooms and two full bathrooms across two stories; 5,300‑square‑foot lot
