Three-Family Property with
For Sale
$999,900
123-125 Laurel St, Malden, MA 02148
Separate living spaces, off-street parking, and interior-exterior basement access shape this multifamily property.
Property Size2,929 SF
Price / SF$341.38
Days on Market67
Property Features for 123-125 Laurel St
General Information
Standard status
Active
Size
2,929 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams South Watuppa
Listed By:
The Ponte Group
(508) 677-3233
Source:
Livianhomesct
Added: Aug 1
Changed: Sep 28
Last Checked: Oct 5 at 11:13PM
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
Investment Insights
Based on property information with market context.
Built in 1900, this three-family property includes five bedrooms arranged in a 2-2-1 unit mix and three full bathrooms. Each residence has its own living area, while the full basement provides both interior and exterior access. Laundry hookups are available in Unit 3, with additional hookups for Units 1 and 2 located in the basement. Off-street parking is also included.
The property is located in Malden near public transportation, shopping, restaurants, schools, and major commuter routes. Its separate units and practical shared basement configuration provide a straightforward layout for multifamily ownership or an owner-occupant arrangement.
The property is located in Malden near public transportation, shopping, restaurants, schools, and major commuter routes. Its separate units and practical shared basement configuration provide a straightforward layout for multifamily ownership or an owner-occupant arrangement.
Key Highlights
- Three‑family property with five bedrooms and a 2‑2‑1 unit mix
- Three full bathrooms across the property
- Full basement with both interior and exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,979
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,580
$1.2M
Cap Rate 7%
$885,414
$885.4K
Cap Rate 9%
$688,656
$688.7K
Market Conditions
NOI Build-Up for 2,929 SF
Gross rent
$93.1K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$88.5K $30.23/SF
− OpEx
−$26.6K −$9.07/SF
NOI
$62.0K $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%
$1,239,580
Cap Rate 7%
$885,414
Cap Rate 9%
$688,656
Alternative Uses
Best Use
Multifamily LT 5
$885.4K
$774.7K – $1.03M
NOI $61,979 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$832.5K
$728.5K – $971.3K
NOI $58,277 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,377 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
913
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate living spaces, off-street parking, and interior-exterior basement access shape this multifamily property.
Where is this triplex located?
The property is located at 123-125 Laurel St Malden, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Three‑family property with five bedrooms and a 2‑2‑1 unit mix; Three full bathrooms across the property; Full basement with both interior and exterior access
