Building Details

Year Built 1900

Listing Agency: eXp Realty LLC - Corporate Office

Listed By: Kenneth Kirk Show Phone

Source: Livianhomesma

Added: Aug 15 Changed: Sep 14 Last Checked: Oct 4 at 12:55PM

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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 eXp Realty LLC - Corporate Office

Investment Insights

Based on property information with market context.

This three-family property contains a studio, a four-bedroom, one-bath unit, and a bi-level three-bedroom, two-bath unit. The upper level of the bi-level residence has been renovated with a new bathroom, hardwood flooring, and a spiral staircase. The property also includes a large side yard and approximately four off-street parking spaces.

Located in Malden, the property offers access to public transportation, major highways, and downtown Boston. Units 2 and 3 are scheduled for delivery vacant, providing flexibility for the next owner’s occupancy or leasing plans.

Key Highlights

• Three‑family property with studio, four‑bedroom, and bi‑level three‑bedroom units
• Bi‑level unit includes two bathrooms, including a newly renovated upper‑level bath
• Renovated upper level with hardwood floors and spiral staircase

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,987

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,519,740 $1.5M

Cap Rate 7%

$1,085,529 $1.1M

Cap Rate 9%

$844,300 $844.3K

Market Conditions

NOI Build-Up for 3,591 SF

Gross rent

$114.2K $31.80/SF

− Vacancy

−$5.6K −$1.57/SF

EGI

$108.6K $30.23/SF

− OpEx

−$32.6K −$9.07/SF

NOI

$76.0K $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%

$1,519,740

Cap Rate 7%

$1,085,529

Cap Rate 9%

$844,300

Alternative Uses

Best Use

Multifamily LT 5

$1.09M

$949.8K – $1.27M (±1% cap)

NOI $75,987 @ 7.0% cap · market cap 6.61%

Second Best

Apartment 5plus

$1.02M

$893.1K – $1.19M (±1% cap)

NOI $71,449 @ 7.0% cap · market cap 6.21%

Theoretical Best

Office A

$2.13M

$1.86M – $2.48M (±1% cap)

NOI $148,810 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Cafe & Coffee Shop Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

858

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with varied layouts, a side yard, and off-street parking.

Where is this triplex located?

The property is located at 104 Granville Ave Malden, MA.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Three‑family property with studio, four‑bedroom, and bi‑level three‑bedroom units; Bi‑level unit includes two bathrooms, including a newly renovated upper‑level bath; Renovated upper level with hardwood floors and spiral staircase