Three-Story Side-by-Side
For Sale
$1,250,000
13-15 Albion Street, Malden, MA 02148
Side-by-side units feature separate utilities, private outdoor space, and off-street parking from two driveways.
Property Size4,700 SF
Lot Size0.17 Acres
Price / SF$265.96
Days on Market16
Property Features for 13-15 Albion Street
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.17 Acres
Property subtype
2 Family - 2 Units Side by Side
Building Details
Building Size
4,715 SF
Year Built
1815
Stories
3
Listing Agency:
Bernazzani Real Estate, LLC
Listed By:
Brendon Bernazzani · License #9566442-RE-B
Source:
Jonathanradford
Added: Jul 17
Changed: Jul 31
Last Checked: Aug 1 at 10:44AM
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 property offers 4,700 square feet of side-by-side living space across three stories. Each unit has an identical floor plan with 4+ bedrooms and 1 bathroom arranged over three levels. Kitchens, living rooms, and dining rooms are located on the first level, while the bedrooms occupy the second and third floors. The property includes separate utilities for each unit.
Set on a 7,500 square foot parcel, the property provides two driveways with off-street parking, a private backyard, and a storage shed. Public transportation, shopping, dining, and entertainment are only minutes away, with the property located just outside Malden Center. Built in 1815.
Set on a 7,500 square foot parcel, the property provides two driveways with off-street parking, a private backyard, and a storage shed. Public transportation, shopping, dining, and entertainment are only minutes away, with the property located just outside Malden Center. Built in 1815.
Key Highlights
- 4,700 square feet of side‑by‑side living space across three stories
- Each unit includes 4+ bedrooms and 1 bathroom
- 7,500 square foot parcel with private backyard and storage shed
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 | $149.5k | $31.80 |
| − Vacancy | −$7.4k | −$1.57 |
| EGI | $142.1k | $30.23 |
| − OpEx | −$42.6k | −$9.07 |
| NOI | $99.5k | $21.16 |
4,700 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,454 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,514 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$2.78M
$2.43M – $3.25M
NOI $194,767 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,354
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
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units feature separate utilities, private outdoor space, and off-street parking from two driveways.
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 $1,250,000.
What are key features of this property?
This property features: 4,700 square feet of side‑by‑side living space across three stories; Each unit includes 4+ bedrooms and 1 bathroom; 7,500 square foot parcel with private backyard and storage shed
