Two-Unit Duplex with Finished
New
For Sale
$884,900
117 Linden Avenue, Malden, MA 02148
Vacant property with two apartments, additional basement living area, and off-street parking; renovation work is needed.
Property Size3,957 SF
Days on Market2
Property Features for 117 Linden Avenue
General Information
Standard status
Active
Size
3,957 SF
Total Parking Spaces
4
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
in need of work
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,143
Building Details
Building Size
3,957 SF
Year Built
1920
Buildings
1
Listing Agency:
Century 21 North East
Listed By:
Kristin Gennetti · License #448551493
(781) 704-7040
Source:
Classifiedrealtygroup
Added: Oct 16
Last Checked: Oct 16 at 2:09PM
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
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Investment Insights
Based on property information with market context.
This 1920-built duplex has two apartments across three living levels, plus a partially finished basement with a full bath and heat. The first apartment includes two bedrooms, a living room, kitchen, dining area, full bath, and den or enclosed porch. The second spans two levels and has three bedrooms, a kitchen, full bath, and den or enclosed porch. Two additional rooms on the third floor were used as bedrooms; one is unheated. The basement provides just under 1,000 square feet of additional living area. Tall ceilings, built-in cabinetry, and period details are among the interior features.
The property includes off-street parking, gas heat, vinyl siding, and a storage shed. It will be delivered vacant and is being sold as-is, with work needed. Nearby destinations include the post office, downtown Malden Center, Oak Grove Train Station, and Malden Station.
The property includes off-street parking, gas heat, vinyl siding, and a storage shed. It will be delivered vacant and is being sold as-is, with work needed. Nearby destinations include the post office, downtown Malden Center, Oak Grove Train Station, and Malden Station.
Key Highlights
- Two apartments across three living levels, with two additional third‑floor rooms used as bedrooms
- Partially finished basement offers just under 1,000 square feet, a full bath, and heat
- Off‑street parking and a storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,731
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,620
$1.6M
Cap Rate 7%
$1,124,729
$1.1M
Cap Rate 9%
$874,789
$874.8K
Market Conditions
NOI Build-Up for 3,957 SF
Gross rent
$151.0K $38.16/SF
− Vacancy
−$7.9K −$1.98/SF
EGI
$143.1K $36.18/SF
− OpEx
−$64.4K −$16.28/SF
NOI
$78.7K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,620
Cap Rate 7%
$1,124,729
Cap Rate 9%
$874,789
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,732 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$1.12M
$984.1K – $1.31M
NOI $78,731 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,977 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,137
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant property with two apartments, additional basement living area, and off-street parking; renovation work is needed.
Where is this duplex located?
The property is located at 117 Linden Avenue Malden, MA.
What is the asking price?
The asking price for this property is $884,900.
What are key features of this property?
This property features: Two apartments across three living levels, with two additional third‑floor rooms used as bedrooms; Partially finished basement offers just under 1,000 square feet, a full bath, and heat; Off‑street parking and a storage shed
