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13-15 Tufts St, Malden, MA, 02148
Malden Triplex Investment Opportunity

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 (±1% cap)
NOI $64,412 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$865.2K
$757.1K – $1.01M (±1% cap)
NOI $60,565 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M (±1% cap)
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

Suggested Use

Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store Butcher Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

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.
More about this property
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