Duplex with Hardwood
13 Welsh St, Malden, MA 02148
For Sale
New
$916,000
Two residential units offer separate living spaces, including a formal dining room and a large family room in the second unit.
Property Size2,631 SF
Days on Market6
Property Features for 13 Welsh St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Metropolitan Realty
Listed By:
Chris Yang
(781) 414-9550
Source:
Classifiedrealtygroup
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 2:57AM
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 Metropolitan Realty
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Investment Insights
Based on property information with market context.
This 1910 duplex has hardwood flooring throughout, high ceilings, and well-proportioned rooms. Both units have gas stoves and gas heating systems. A walk-up attic adds storage space, while numerous windows bring natural light into the interior. The second unit includes a formal dining room and a large family room.
The property is a 15-minute walk from Center T and 5 minutes from the highway. A yard and fresh paint are also part of the property.
The property is a 15-minute walk from Center T and 5 minutes from the highway. A yard and fresh paint are also part of the property.
Key Highlights
- 1910‑built duplex with two residential units
- Hardwood floors, high ceilings, and gas heating systems
- Second unit has a formal dining room and large family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,673
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,460
$1.1M
Cap Rate 7%
$795,329
$795.3K
Cap Rate 9%
$618,589
$618.6K
Market Conditions
NOI Build-Up for 2,631 SF
Gross rent
$83.7K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$79.5K $30.23/SF
− OpEx
−$23.9K −$9.07/SF
NOI
$55.7K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,460
Cap Rate 7%
$795,329
Cap Rate 9%
$618,589
Alternative Uses
Best Use
Multifamily LT 5
$795.3K
$695.9K – $927.9K
NOI $55,673 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$747.8K
$654.4K – $872.5K
NOI $52,348 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,028 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,339
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
$607,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Malden, MA
Properties on Market for Duplexes in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living spaces, including a formal dining room and a large family room in the second unit.
Where is this duplex located?
The property is located at 13 Welsh St Malden, MA.
What is the asking price?
The asking price for this property is $916,000.
What are key features of this property?
This property features: 1910‑built duplex with two residential units; Hardwood floors, high ceilings, and gas heating systems; Second unit has a formal dining room and large family room
