Spacious Three-Family Property in
123-125 Laurel Street, Malden, MA 02148
Three-family property with strong rental potential near amenities and transportation.
Type:Multi-family
Property size:
2,929 SFPrice / SF:
$375/SF- Added:
- Apr 28, 2026
- Days on Market:
- 36
- Last Refresh:
- May 19 at 6:23 am
Property Features for 123-125 Laurel Street
General Information
- Standard status
- Active
- Size
- 2,929 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Keller Williams South Watuppa
Listing date Apr 28, 2026
Source Inrealtyinc
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 Keller Williams South Watuppa
HighLights
- Spacious three‑family property with strong rental income potential or owner‑occupancy opportunity.
- Versatile unit mix (2‑2‑1) with a total of 5 bedrooms and 3 full bathrooms.
- Convenient location near amenities, public transportation, shopping, restaurants, schools, and commuter routes.
- Off‑street parking available.
- Separate living spaces for each unit.
- Full basement with interior and exterior access, plus laundry hookups in each unit (Unit 3 in‑unit, Units 1 & 2 in basement).
Overview
This three-family property is located in Malden and offers a total of 5 bedrooms and 3 full bathrooms. The unit mix includes (2-2-1). The property features off-street parking and separate living spaces. A full basement is accessible from both the interior and exterior. Laundry hookups are available in Unit 3, while Units 1 and 2 have laundry hookups located in the basement. The layout provides functional living spaces with solid room sizes. The property is located near area amenities, public transportation, shopping, restaurants, schools, and major commuter routes. The property has rental or owner-occupant potential.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.1k | $31.80 |
| − Vacancy | −$4.6k | −$1.57 |
| EGI | $88.5k | $30.23 |
| − OpEx | −$26.6k | −$9.07 |
| NOI | $62.0k | $21.16 |
2,929 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$885.4K
$774.7K – $1.03M
NOI $61,979 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$832.5K
$728.5K – $971.3K
NOI $58,277 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,377 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0443177
- Latitude
- 42.4325286
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family property with strong rental potential near amenities and transportation.
Where is this triplex located?
The property is located at 123-125 Laurel Street Malden, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Spacious three‑family property with strong rental income potential or owner‑occupancy opportunity.; Versatile unit mix (2‑2‑1) with a total of 5 bedrooms and 3 full bathrooms.; Convenient location near amenities, public transportation, shopping, restaurants, schools, and commuter routes.
