Duplex Investment
New
For Sale
$1,168,000
68-70 Russell St, Malden, MA 02148
Duplex-style 4-unit residence with vinyl siding, gas heat, and separately metered utilities.
Lot Size0.43 Acres
Days on Market5
Property Features for 68-70 Russell St
General Information
Standard status
Active
Lot size
0.43 Acres
Property subtype
Investment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Building Details
Building Size
3,893 SF
Year Built
1925
Listing Agency:
(781) 727-7919
Listed By:
Donna Jiang
(781) 727-7919
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 7:48AM
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 Donna Jiang
Investment Insights
Based on property information with market context.
Duplex-style 4-family residence with vinyl siding and gas heat. The property has all utilities separated, providing independent operation across units. Internal accommodations are currently occupied, with the unit interiors described as needing some updates.
The building sits on a 4,000+ square foot lot as provided in the listing remarks, with two driveways and parking for 10+ vehicles. An additional POTL opportunity to expand is mentioned in the public remarks.
According to the listing, the property is within walking distance of the T Madden Center and a school, along with nearby shopping. For showings and additional information, the listing directs interested parties to text or email.
The building sits on a 4,000+ square foot lot as provided in the listing remarks, with two driveways and parking for 10+ vehicles. An additional POTL opportunity to expand is mentioned in the public remarks.
According to the listing, the property is within walking distance of the T Madden Center and a school, along with nearby shopping. For showings and additional information, the listing directs interested parties to text or email.
Key Highlights
- Duplex‑style 4‑unit residence built in 1925
- Vinyl siding with gas heat and separately metered utilities for each unit
- 18766 SF lot with extra POT'L to expand
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 | $123.8k | $31.80 |
| − Vacancy | −$6.1k | −$1.57 |
| EGI | $117.7k | $30.23 |
| − OpEx | −$35.3k | −$9.07 |
| NOI | $82.4k | $21.16 |
3,893 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,377 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$1.11M
$968.2K – $1.29M
NOI $77,458 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,325 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,597
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 - Duplex-style 4-unit residence with vinyl siding, gas heat, and separately metered utilities.
Where is this duplex located?
The property is located at 68-70 Russell St Malden, MA.
What is the asking price?
The asking price for this property is $1,168,000.
What are key features of this property?
This property features: Duplex‑style 4‑unit residence built in 1925; Vinyl siding with gas heat and separately metered utilities for each unit; 18766 SF lot with extra POT'L to expand
