Oversized Two-Family
13-15 Albion Street Malden, MA 02148
13-15 Albion Street, Malden, MA, 02148
$1,295,000
For Sale
$1,295,000
Side-by-side two-family with three levels, separate utilities, and two driveways for off-street parking.
Property Size4,715 SF
Price / SF$274.66
Days on Market8
Property Features for 13-15 Albion Street
General Information
- Standard status
- Active
- Size
- 4,715 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1815
Listing agency
Bernazzani Real Estate,LLC
Listed by
Brendon Bernazzani
(617) 696-6100
Source
Kelleyrege
Added: Jul 16 Updated: Jul 22 at 8:05AM Checked: Jul 23 at 6:56AM
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 Bernazzani Real Estate,LLC
Investment Insights
Based on property information with market context.
This oversized two-family home offers side-by-side living space totaling approximately 4,700 square feet across three stories. Each unit follows an identical layout with 4+ bedrooms and 1 bathroom spread over the first, second, and third levels. The first level includes the kitchen, living room, and dining room, while all bedrooms are located on the second and third floors. Separate utilities are in place for each unit, supporting independent operations.
The property sits on an expansive 7,500 square foot parcel just outside Malden Center. Off-street parking is supported by two driveways, and the home includes a private backyard with a storage shed. Public transportation access and a range of shopping, dining, and entertainment are described as only minutes away.
Designed for straightforward duplex ownership, the arrangement features mirrored unit floor plans, three-story vertical separation by level, and dedicated utility services for each side.
The property sits on an expansive 7,500 square foot parcel just outside Malden Center. Off-street parking is supported by two driveways, and the home includes a private backyard with a storage shed. Public transportation access and a range of shopping, dining, and entertainment are described as only minutes away.
Designed for straightforward duplex ownership, the arrangement features mirrored unit floor plans, three-story vertical separation by level, and dedicated utility services for each side.
Key Highlights
- Oversized side‑by‑side two‑family on a 7,500 SF parcel just outside Malden Center
- Total 4,700 SF of side‑by‑side living space across three stories
- Each unit offers identical layouts with 4+ bedrooms and 1 bathroom across three levels
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 | $149.9k | $31.80 |
| − Vacancy | −$7.4k | −$1.57 |
| EGI | $142.5k | $30.23 |
| − OpEx | −$42.8k | −$9.07 |
| NOI | $99.8k | $21.16 |
4,715 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,771 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,813 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,388 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side two-family with three levels, separate utilities, and two driveways for off-street parking.
Where is this duplex located?
The property is located at 13-15 Albion Street Malden, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Oversized side‑by‑side two‑family on a 7,500 SF parcel just outside Malden Center; Total 4,700 SF of side‑by‑side living space across three stories; Each unit offers identical layouts with 4+ bedrooms and 1 bathroom across three levels
