Two-Family Home with
10 Malden Street Worcester, MA 01606
10 Malden Street, Worcester, MA, 01606
$595,000
For Sale
$595,000
Two-family home in Worcester with major systems maintained, ready for interior cosmetic refresh.
Property Size2,182 SF
Price / SF$272.69
Days on Market120
Property Features for 10 Malden Street
General Information
- Standard status
- Active
- Size
- 2,182 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1890
Listing agency
OWN IT
(508) 667-4931
Listed by
Sheryl Tessier · License #9514787
(508) 667-4931
Source
Compass
Added: Mar 25 Updated: Jul 22 at 11:29AM Checked: Jul 22 at 11:29AM
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 OWN IT
Investment Insights
Based on property information with market context.
This classic two-family home at 10 Malden Street in Worcester, MA is positioned for value-add renovations. The interiors are ready for a cosmetic refresh, while the heavier work has been maintained by the current owners to support interior upgrades such as kitchens, baths, and flooring.
The listing notes the home’s “envelope” and mechanical systems have been meticulously maintained, with key items already addressed. According to the provided remarks, the roof, siding, sewer, heating, chimney, and electrical systems are part of the work completed or maintained, with additional improvements referenced as being attached to the listing.
Overall, the property offers a residential income setup as a two-family home, with an opportunity to tailor the interiors while relying on an already-maintained exterior and system foundation.
The listing notes the home’s “envelope” and mechanical systems have been meticulously maintained, with key items already addressed. According to the provided remarks, the roof, siding, sewer, heating, chimney, and electrical systems are part of the work completed or maintained, with additional improvements referenced as being attached to the listing.
Overall, the property offers a residential income setup as a two-family home, with an opportunity to tailor the interiors while relying on an already-maintained exterior and system foundation.
Key Highlights
- Classic two‑family home with 3 total bathrooms (2 full and 1 half)
- Full basement
- Level lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $22.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $45.8k | $20.98 |
| − OpEx | −$13.7k | −$6.29 |
| NOI | $32.0k | $14.69 |
2,182 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.8K
$400.5K – $534.1K
NOI $32,043 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$728.3K
$637.3K – $849.7K
NOI $50,981 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Worcester with major systems maintained, ready for interior cosmetic refresh.
Where is this duplex located?
The property is located at 10 Malden Street Worcester, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Classic two‑family home with 3 total bathrooms (2 full and 1 half); Full basement; Level lot
