Side-by-Side Duplex with
New
For Sale
$999,000
108 Madison St, Malden, MA 02148
Residential Income, Malden, MA
Property Size2,824 SF
Lot Size0.06 Acres
Price / SF$353.75
Days on Market2
Property Features for 108 Madison St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4
Parking
2
Elementary school
Ferryway
High school
Malden High
Directions
Main Street to Madison Street or Medford Street to Madison Street.
Subdivision
Bell Rock
Standard status
Active
APN
594669
Size
2,824 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9203
Amenities
basement laundry
Building Details
Year built
1910
Floors in Building
6
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Keller Williams
(617) 969-9000
Added: Oct 21
Last Checked: Oct 22 at 1:06AM
MLS# 73593446
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,824-square-foot duplex contains two side-by-side residences, each arranged across three levels and finished with hardwood floors. The first unit has four bedrooms, two full bathrooms, and a combined living and dining area. The second includes three bedrooms, a den, one full bathroom, and a half bath. Both residences have basement laundry, and the property provides two off-street parking spaces. Built in 1910, the building sits on a 0.0613-acre lot.
One residence is vacant, while the other has tenants in place through June 2027. The property is in Malden, near the Northern Strand Community Trail and Green Street Park, with access to the Orange Line, downtown Malden, Assembly Row, Encore Boston Harbor, and routes into Boston.
One residence is vacant, while the other has tenants in place through June 2027. The property is in Malden, near the Northern Strand Community Trail and Green Street Park, with access to the Orange Line, downtown Malden, Assembly Row, Encore Boston Harbor, and routes into Boston.
Key Highlights
- Two side‑by‑side residences, each with three levels
- 2,824 square feet on a 0.0613‑acre lot
- First unit: four bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,757
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,140
$1.2M
Cap Rate 7%
$853,671
$853.7K
Cap Rate 9%
$663,967
$664.0K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$89.8K $31.80/SF
− Vacancy
−$4.4K −$1.57/SF
EGI
$85.4K $30.23/SF
− OpEx
−$25.6K −$9.07/SF
NOI
$59.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,140
Cap Rate 7%
$853,671
Cap Rate 9%
$663,967
Alternative Uses
Best Use
Multifamily LT 5
$853.7K
$747.0K – $996.0K
NOI $59,757 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$802.7K
$702.4K – $936.5K
NOI $56,188 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,026 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,452
Businesses Nearby
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Business Placement
Demographics for 02148, MA
66,274
Population
28,043
Households
2.4
Avg Household Size
36
Median Age
45%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
13,255
Density / Sq Mi
$95,298
Median Household Income
$56,077
Median Earnings
$2,066
Median Rent
$607,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate layouts, basement laundry, and off-street parking.
Where is this duplex located?
The property is located at 108 Madison St Malden, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with three levels; 2,824 square feet on a 0.0613‑acre lot; First unit: four bedrooms and two full bathrooms
