Three-Story Duplex
For Sale
$1,099,900
Pending
112 Ashland Street, Malden, MA 02148
Two-family residence with renovated upper living quarters, separate lower-unit accommodations, central cooling, and off-street parking.
Property Size2,933 SF
Days on Market152
Property Features for 112 Ashland Street
General Information
Standard status
Pending
Size
2,933 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Stories
3
Listing Agency:
Century 21 North East
(781) 704-7040
Listed By:
Kristin Gennetti · License #448551493
(781) 704-7040
Source:
Lockandkeyre
Added: Apr 2
Changed: Aug 30
Last Checked: Aug 30 at 2:42PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family residence contains approximately 2,933 square feet across three full floors. The upper residence occupies the second and third levels and was comprehensively renovated in 2018. Its layout includes living and dining rooms, a kitchen with granite island and stainless appliances, two bathrooms, three bedrooms, a sitting area, a flexible family room, laundry, and a front balcony. The lower apartment offers two bedrooms, living and dining rooms, a kitchen, and an updated bathroom.
Mini-split air conditioning serves each floor, while the property has gas heat and off-street parking. The home will be delivered vacant. Transit access includes nearby Malden and Wellington Stations, a bus stop, and the Northern Strand Bike Trail. Malden Center dining and Boston are also within the surrounding area.
Mini-split air conditioning serves each floor, while the property has gas heat and off-street parking. The home will be delivered vacant. Transit access includes nearby Malden and Wellington Stations, a bus stop, and the Northern Strand Bike Trail. Malden Center dining and Boston are also within the surrounding area.
Key Highlights
- Approximately 2,933 square feet across three full floors
- Two‑family layout with a two‑bedroom lower apartment
- Upper residence renovated in 2018 with three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,260
$1.2M
Cap Rate 7%
$886,614
$886.6K
Cap Rate 9%
$689,589
$689.6K
Market Conditions
NOI Build-Up for 2,933 SF
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.
Gross rent
$93.3K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$88.7K $30.23/SF
− OpEx
−$26.6K −$9.07/SF
NOI
$62.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,260
Cap Rate 7%
$886,614
Cap Rate 9%
$689,589
Alternative Uses
Best Use
Multifamily LT 5
$886.6K
$775.8K – $1.03M
NOI $62,063 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$833.7K
$729.5K – $972.6K
NOI $58,357 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,543 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with renovated upper living quarters, separate lower-unit accommodations, central cooling, and off-street parking.
Where is this duplex located?
The property is located at 112 Ashland Street Malden, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Approximately 2,933 square feet across three full floors; Two‑family layout with a two‑bedroom lower apartment; Upper residence renovated in 2018 with three bedrooms and two bathrooms
