Updated Two-Family Rental
140 Lyme Street Malden, MA 02148
140 Lyme Street, Malden, MA, 02148
$859,000
For Sale
$859,000
Two-family rental property with recent updates, vinyl windows and siding, and four dedicated parking spots.
Property Size2,004 SF
Price / SF$428.64
Days on Market85
Property Features for 140 Lyme Street
General Information
- Standard status
- Active
- Size
- 2,004 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Kava Realty Group,Inc.
Listed by
Dan Ton
(413) 584-2900
Source
Mapleandmainrealty
Added: Apr 28 Updated: Jul 21 at 1:56AM Checked: Jul 21 at 6:12AM
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 Kava Realty Group,Inc.
Investment Insights
Based on property information with market context.
This updated two-family rental home is configured as a long-term, fully rented investment. The property includes recent improvements such as a new roof, updated electrical, and gas central heat. Exterior and interior finishes include vinyl windows and vinyl siding, along with hardwood flooring. There are four parking spots, and the overall setup is positioned for low-maintenance ownership.
Located in central Malden, the property offers convenient access to local transit with a bus stop about one block away. It is also close to a park.
The units are currently leased to long-term tenants, providing existing rental occupancy at the time of sale.
Located in central Malden, the property offers convenient access to local transit with a bus stop about one block away. It is also close to a park.
The units are currently leased to long-term tenants, providing existing rental occupancy at the time of sale.
Key Highlights
- 2‑family rental in central Malden, built in 1920, fully rented with long‑term tenants
- Recent updates include roof, electrical, and gas central heat
- Vinyl windows and vinyl siding for low‑maintenance exterior
Local 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 | $63.7k | $31.80 |
| − Vacancy | −$3.1k | −$1.57 |
| EGI | $60.6k | $30.23 |
| − OpEx | −$18.2k | −$9.07 |
| NOI | $42.4k | $21.16 |
2,004 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.8K
$530.1K – $706.8K
NOI $42,405 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$569.6K
$498.4K – $664.6K
NOI $39,873 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,045 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family rental property with recent updates, vinyl windows and siding, and four dedicated parking spots.
Where is this duplex located?
The property is located at 140 Lyme Street Malden, MA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: 2‑family rental in central Malden, built in 1920, fully rented with long‑term tenants; Recent updates include roof, electrical, and gas central heat; Vinyl windows and vinyl siding for low‑maintenance exterior
