Spacious Three-Family Property in
123-125 Laurel Street Malden, MA 02148
123-125 Laurel Street, Malden, MA, 02148
$1,069,000
For Sale
$1,069,000
Three-family property with strong rental potential near amenities and transportation.
Property Size2,929 SF
Price / SF$364.97
Days on Market94
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 Agency
Keller Williams South Watuppa
Listed by
The Ponte Group
(617) 680-0690
Source
Inrealtyinc
Added: Apr 16 Checked: Jul 17 at 12:23 pm
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.
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.
Key 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.
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 5.80%
Second Best
Apartment 5plus
$832.5K
$728.5K – $971.3K
NOI $58,277 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,377 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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 $1,069,000.
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.
