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69 Milton St., Dedham, MA 02026
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$1,250,000
3 Unit
6 Beds
4 Baths
3648 SQFT
0.39 Acre

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!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 7
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Highway Access, Laundromat, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Country Kitchen, Pantry, Storage, Upgraded Cabinets
  • Common Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 88860
  • Gross Expenses: 13500
  • GSE: 3000
  • Electric Expenses: 1500
  • Water/Sewer: 3000
  • INSC: 3000
  • Net Operating Income: 67233

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73331496
  • Last Updated: 02/24/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/17/2025Under Agreement$1,250,000$343MLSPIN
02/03/2025Contingent$1,250,000$343MLSPIN
02/02/2025New$1,250,000$343MLSPIN
02/01/2025Expired$1,250,000$343MLSPIN
10/17/2024Active$1,250,000$343MLSPIN
10/13/2024New$1,250,000$343MLSPIN

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Seller's Representative: The Cobi Team, William Raveis R. E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-24 10:45:00

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