Malden Triplex Investment
13-15 Tufts St Malden, MA 02148
For Sale
$989,900
Pending
Spacious triplex near transportation with updated systems and ample storage.
Property Size3,044 SF
Days on Market109
Property Features for 13-15 Tufts St
General Information
- Standard status
- Pending
- Size
- 3,044 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1907
Listing Agency:
Bond Realty, Inc.
Listed By:
Diane Chuha
Source:
Reishomesearch
Added: Apr 6
Changed: Jul 10
Last Checked: Jul 8 at 4:25AM
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 Bond Realty, Inc.
Investment Insights
Based on property information with market context.
This triplex presents a significant investment opportunity, conveniently located within walking distance of a bus stop and a short drive to the train. The first floor features a spacious living room, a dining room with a closet, a large eat-in kitchen equipped with a gas stove, a full bathroom with handicap bars, and two bedrooms, one of which is currently utilized as a walk-in closet. The second floor includes a large eat-in kitchen with an electric stove and pantry, a dining room with a built-in hutch, a living room, a ceramic tile full bath, a built-in hallway cabinet, and two spacious bedrooms. The third floor offers a spacious living room, an eat-in kitchen with a gas stove, a full bath, and two good-size bedrooms. The first and third floor gas-fired heating systems are approximately 1-2 years old, while the second floor gas heating system is approximately 10 years old. The property features four separate circuit breaker systems, including one for the common area. The roof has 10 years remaining on its warranty, and the exterior has been freshly painted. Gas hot water tanks are approximately 1-5 years old. Each unit has washer and dryer hook-ups in the basement, along with separate storage areas. The third-floor heating system is located in the attic. The property includes a three-car driveway and a nice yard. The property size is 3044 square feet.
Key Highlights
- Excellent investment opportunity with three separate living units.
- Newer gas heating systems on the first and third floors (approx. 1‑2 years old).
- Roof warranty with 10 years remaining.
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 | $96.8k | $31.80 |
| − Vacancy | −$4.8k | −$1.57 |
| EGI | $92.0k | $30.23 |
| − OpEx | −$27.6k | −$9.07 |
| NOI | $64.4k | $21.16 |
3,044 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$920.2K
$805.2K – $1.07M
NOI $64,412 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$865.2K
$757.1K – $1.01M
NOI $60,565 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,143 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Spacious triplex near transportation with updated systems and ample storage.
Where is this triplex located?
The property is located at 13-15 Tufts St Malden, MA.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: Excellent investment opportunity with three separate living units.; Newer gas heating systems on the first and third floors (approx. 1‑2 years old).; Roof warranty with 10 years remaining.