Three-Family Property with
For Sale
$1,020,000
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
Days on Market108
Property Features for 123-125 Laurel St
General Information
Standard status
Active
Size
2,929 SF
Property subtype
3 Family
Taxes and HOA fees
Annual Taxes
$11,077
Building Details
Building Size
2,929 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams South Watuppa
(508) 677-3233
Listed By:
The Ponte Group
Source:
Allisonmazer
Added: May 5
Changed: Aug 13
Last Checked: Aug 20 at 12:19PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.08%
Second Best
Apartment 5plus
$832.5K
$728.5K – $971.3K
NOI $58,277 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,377 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,020,000.
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
