Three-Family Property with Full
For Sale
$999,900
123-125 Laurel St, Malden, MA 02148
Residential Income, Malden, MA
Property Size2,929 SF
Lot Size0.09 Acres
Price / SF$341.38
Days on Market180
Property Features for 123-125 Laurel St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ResB
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3
Parking
3
Directions
Please use GPS for best navigation.
Standard status
Active
APN
M:134 B:685 L:520,600336
Size
2,929 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11077
Amenities
off-street parking
laundry hookups
full basement
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: May 5
Changed: Oct 27
Last Checked: Oct 31 at 4:06AM
MLS# 73513772
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-family property contains 2,929 square feet with a 2-2-1 bedroom configuration, three full bathrooms, and separate living areas. A full basement provides both interior and exterior access. Laundry hookups are located in the basement for Units 1 and 2, while Unit 3 has hookups within the unit. Off-street parking is also included.
Built in 1900 and zoned ResB, the property occupies 0.0876 acres at 123-125 Laurel St in Malden, Massachusetts. The location is near public transportation, shopping, restaurants, schools, area amenities, and major commuter routes. The three-unit layout is suited to an investor or an owner-occupant seeking rental income from the remaining units.
Built in 1900 and zoned ResB, the property occupies 0.0876 acres at 123-125 Laurel St in Malden, Massachusetts. The location is near public transportation, shopping, restaurants, schools, area amenities, and major commuter routes. The three-unit layout is suited to an investor or an owner-occupant seeking rental income from the remaining units.
Key Highlights
- Three‑family property with a 2‑2‑1 bedroom mix
- 2,929 square feet with 5 bedrooms and 3 full bathrooms
- Full basement with 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
913
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate living spaces, off-street parking, and flexible laundry access support rental or owner-occupant use.
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 a 2‑2‑1 bedroom mix; 2,929 square feet with 5 bedrooms and 3 full bathrooms; Full basement with interior and exterior access
