Updated 4-Unit Residential
137-139 West St, Malden, MA 02148
For Sale
New
$1,300,000
A vacant, move-in-ready two-bedroom apartment offers flexibility within this four-unit property.
Property Size3,629 SF
Price / SF$358.23
Days on Market6
Property Features for 137-139 West St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
storage areas
Full,Bulkhead
Wood,Tile,Laminate,Hardwood
Yes
4
No
7
Other
Laundry Room,Kitchen,Living RM/Dining RM Combo,Mudroom,Living Room
3629
Fenced
Corner Lot,Level
Public
0.11
8
143.00
Paved Drive,Off Street,Paved
Paved
Balcony
Stone
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Renvia Realty Group LLC
Listed By:
Anne Odell
(603) 553-2232
Source:
Realprobythewater
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 7:04PM
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 Renvia Realty Group LLC
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Investment Insights
Based on property information with market context.
This 3,629-square-foot residential property contains four apartments, each with an updated kitchen and a high-efficiency heating system installed three years ago. The largest first-floor apartment has new hardwood floors. A second-floor two-bedroom unit is vacant and ready for occupancy. Built in 1925, the building is zoned ResA.
Situated on a corner lot at 137-139 West St in Malden, the property includes additional parking, coin-operated laundry with newer machines, and basement storage. Public transportation, major routes, Boston, and Malden restaurants, shopping, and everyday amenities are identified as nearby conveniences.
Situated on a corner lot at 137-139 West St in Malden, the property includes additional parking, coin-operated laundry with newer machines, and basement storage. Public transportation, major routes, Boston, and Malden restaurants, shopping, and everyday amenities are identified as nearby conveniences.
Key Highlights
- Four residential units in a 3,629‑square‑foot building
- Updated kitchens in all four apartments
- High‑efficiency heating system installed three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,791
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,820
$1.5M
Cap Rate 7%
$1,097,014
$1.1M
Cap Rate 9%
$853,233
$853.2K
Market Conditions
NOI Build-Up for 3,629 SF
Gross rent
$115.4K $31.80/SF
− Vacancy
−$5.7K −$1.57/SF
EGI
$109.7K $30.23/SF
− OpEx
−$32.9K −$9.07/SF
NOI
$76.8K $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%
$1,535,820
Cap Rate 7%
$1,097,014
Cap Rate 9%
$853,233
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,791 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$1.03M
$902.6K – $1.20M
NOI $72,205 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,385 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,560
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
$607,500
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Middlesex County, MA
Properties on Market for Quadplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A vacant, move-in-ready two-bedroom apartment offers flexibility within this four-unit property.
Where is this quadplex located?
The property is located at 137-139 West St Malden, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four residential units in a 3,629‑square‑foot building; Updated kitchens in all four apartments; High‑efficiency heating system installed three years ago
