Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15-17 Barrett St Malden, MA 02148

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,040,000

    3,400+ sq ft townhouse-style duplex near downtown Malden.

    Lot size:
    0.11 Acres

    Property Features for 15-17 Barrett St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1880

    We can help!

    Listing Contact
    Candor Realty Group
    Source: Elliman

    Listing Agent: Candor Realty Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Duplex in Bell Rock

    This 3,400+ sq. ft. townhouse-style duplex is located in the Bell Rock neighborhood of Malden. The property is situated 0.5 miles from downtown Malden and 1 mile from Oak Grove T Station. Each unit features 3 bedrooms and 1.5 baths, along with basement storage and private outdoor space. Bonus rooms on the third floor offer flexibility for a home office, guest room, or playroom. One unit has been recently updated and is move-in ready. The other unit is currently leased through June 2026, providing rental income. The property includes private decks and a fenced yard. This duplex is suitable for investors or buyers looking to occupy one unit and rent out the other.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0660039
    Latitude
    42.4212021

    Nearby Similar for Sale

    • New
      $995,999
      2,208 SF

      Malden Multifamily Investment Opportunity

      Well-maintained 5-bedroom duplex near train station with parking.
      46 A Wentworth St, Malden, MA 02148
      View Details
    • $1,150,000
      2,782 SF

      Updated Three-Family Home in Malden

      Well-maintained three-family home with updates and convenient location.
      100 Medford St, Malden, MA 02148
      View Details
    • $739,000
      2,236 SF

      Malden Two-Family Investment Opportunity

      Two-family home in Malden, MA, requiring full renovation.
      16 Boylston St, Malden, MA 02148
      View Details
    • Contact for pricing
      187,000 SF

      Trophy Office and Mixed-Use Project

      188,000 SF mixed-use project with life science, office, and retail.
      11 Dartmouth St, Malden, MA 02148
      View Details
    • $1,850,000
      4,208 SF

      Malden Apartments: Value-Add Opportunity

      Seven-unit apartment building in Malden with value-add potential.
      2 Granite St, Malden, MA 02148
      View Details
    • $925,000

      Spacious Two-Family Home in Malden

      Large Malden two-family home with easy access to amenities.
      89 Judson St, Malden, MA 02148
      View Details
    • $999,000

      Spacious Turn-Key Two-Family Home

      Updated two-family home near Malden Center, ideal for owner-occupants.
      19-21 Wolcott St, Malden, MA 02148
      View Details
    • $929,900

      West End Two-Family Home

      Two-family home near MBTA, updated with modern conveniences.
      46 Bartlett St, Malden, MA 02148
      View Details
    • $985,000

      Malden Two-Family Home with Parking

      Two-family home in Malden with parking and convenient access.
      23 Upham St, Malden, MA 02148
      View Details
    • $180,000

      Malden Mini Mart For Sale

      Turnkey convenience store in a busy Malden neighborhood.
      000 Salem St, Malden, MA 02148
      View Details
    • $1,100,000

      Victorian Two-Family in Belmont Hill

      Spacious Victorian two-family with potential in desirable Belmont Hill.
      55 Clarendon St, Malden, MA 02148
      View Details
    • $1,058,909

      Oversized Two-Family Home with Garage

      Spacious two-family home with garage in desirable Malden location.
      307-309 Clifton St, Malden, MA 02148
      View Details

    FAQs

    What type of property is this?
    Duplex - 3,400+ sq ft townhouse-style duplex near downtown Malden.
    Where is this duplex located?
    The property is located at 15-17 Barrett St Malden, MA.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: - Spacious 3,400+ sq. ft. townhouse-style duplex in Malden's Bell Rock neighborhood.; - Income potential from one unit leased through June 2026.; - **One unit is freshly updated and move-in ready.**
    (978) 710-5616
    Request Owner's contact information
    15-17 Barrett St Malden, MA 02148
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15-17 Barrett St
    Malden, MA 02148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15-17 Barrett St Malden, MA 02148
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Candor Realty Group
    (978) 710-5616
    Learn more
    Google sign-in failed. Please try again or use another login method.