Duplex with Detached
12 Winthrop St, Malden, MA 02148
For Sale
New
$915,000
Two residences allow for owner occupancy in one unit and rental use of the other, or tenant occupancy in both.
Property Size2,304 SF
Price / SF$397.14
Days on Market2
Property Features for 12 Winthrop St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry
storage areas
Storage
Internet Available - Unknown
Laundry Room
Mudroom
Bathroom With Tub & Shower
Living Room
Kitchen
Office/Den
Sunroom
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Northern Light Realty, Inc.
(877) 654-4481
Listed By:
Erik Sveden
(978) 337-0890
Source:
Cityviewrealestate
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 7:03AM
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 Northern Light Realty, Inc.
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Investment Insights
Based on property information with market context.
The 2,304-square-foot duplex at 12 Winthrop St includes a two-bedroom residence on the first floor and a four-bedroom apartment spanning the upper two levels. Each residence has a full bathroom. Updated kitchens, fresh paint, and a mix of refinished and newly installed flooring are among the interior improvements. Basement areas provide shared laundry and storage, and a detached garage offers vehicle and storage space. The property was built in 1910 and is zoned ResA.
Newman Park offers a nearby recreation option, while downtown Malden has dining choices. Ferry Street bus service connects with Malden Center, where the Orange Line and commuter rail are available.
Newman Park offers a nearby recreation option, while downtown Malden has dining choices. Ferry Street bus service connects with Malden Center, where the Orange Line and commuter rail are available.
Key Highlights
- 2,304‑square‑foot duplex with two separate residences
- First‑floor unit has 2 bedrooms and 1 full bathroom
- Upper residence spans 2 levels with 4 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,753
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,060
$975.1K
Cap Rate 7%
$696,471
$696.5K
Cap Rate 9%
$541,700
$541.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$73.3K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$69.6K $30.23/SF
− OpEx
−$20.9K −$9.07/SF
NOI
$48.8K $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%
$975,060
Cap Rate 7%
$696,471
Cap Rate 9%
$541,700
Alternative Uses
Best Use
Multifamily LT 5
$696.5K
$609.4K – $812.6K
NOI $48,753 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,477 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,032
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
$607,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Malden, MA
Properties on Market for Duplexes in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences allow for owner occupancy in one unit and rental use of the other, or tenant occupancy in both.
Where is this duplex located?
The property is located at 12 Winthrop St Malden, MA.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 2,304‑square‑foot duplex with two separate residences; First‑floor unit has 2 bedrooms and 1 full bathroom; Upper residence spans 2 levels with 4 bedrooms and 1 full bathroom
