$1,170,000
$1,200,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,648 SqFt
SOLD DATE : 05/30/2025
Key Details
Sold Price $1,170,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $320
MLS Listing ID 73355932
Sold Date 05/30/25
Bedrooms 6
Full Baths 4
Year Built 1900
Annual Tax Amount $11,590
Tax Year 2025
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type 3 Family
Property Description
Investment opportunity in Dedham, MA! This 3-family home with a 4th tenant offers excellent rental income history and incredible potential for growth. Each unit boasts 2 bedrooms, with the second unit offering potential to be converted into a 3-bedroom for added value. All units feature hardwood floors, high ceilings and great condition The property updates include a rewired electrical system, updated heating, newer hot water tanks, windows and roof. With long-term tenants and rents currently below market value, the cap rate is 5.4% but can potentially increase. Are you an owner occupant? This is for you. Live in one unit and let the other units pay for your mortgage. A large lot, part of which is zoned for business, accommodates 10+ cars. The brand-new porch adds to the home's appeal. Common laundry in the basement. Don't miss this chance to own a well-maintained property in a prime location!
Location
State MA
County Norfolk
Zoning GB
Direction High Street to Milton Street
Rooms
Basement Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Interior
Interior Features Ceiling Fan(s), Pantry, Upgraded Cabinets, Bathroom with Shower Stall, Bathroom With Tub & Shower, Country Kitchen, Storage, Living Room, Dining Room, Kitchen
Heating Forced Air, Natural Gas, Baseboard
Cooling Other
Flooring Wood, Hardwood
Appliance Range, Dishwasher, Disposal, Refrigerator
Exterior
Exterior Feature Rain Gutters
Community Features Public Transportation, Shopping, Pool, Walk/Jog Trails, Laundromat, Highway Access, Private School, Public School, T-Station
Utilities Available for Gas Range, for Electric Range
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Cleared
Story 7
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Dedham Public
Middle Schools Dedham
High Schools Dedham
Others
Senior Community false
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Bought with Stiles & Dunn • William Raveis R.E. & Home Services
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