Three-Unit Multifamily
154-156A Franklin Street Malden, MA 02148
154-156A Franklin Street, Malden, MA, 02148
$1,149,900
For Sale
$1,149,900
Three residential units feature separate utilities, in-unit or basement laundry access, and back porches.
Property Size3,500 SF
Price / SF$328.54
Days on Market54
Property Features for 154-156A Franklin Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Century 21 North East
(781) 704-7040
Listed by
Kristin Gennetti · License #9065519
Source
Downtownbostonrealty
Added: May 29 Updated: Jul 21 at 2:10AM Checked: Jul 21 at 6:18AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Spacious three-family multifamily property configured as three separate units. The home offers a versatile layout with large rooms and tall ceilings, totaling 15 rooms and three full bathrooms across approximately 3,500 square feet. Unit 1 includes three bedrooms and one bathroom with laundry access in the basement. Unit 2 includes two bedrooms, one bath, and a laundry area, and is described as updated with an open floor plan. Unit 3 includes three bedrooms, one full bath, and in-unit laundry. All units have back porches, and each unit has separate utilities. The exterior includes low-maintenance vinyl siding, and a new roof was installed in 2020. Gas heating is noted, with additional basement storage available.
A paved driveway with a turn-around for parking is provided, along with a separate grassy yard space. The property is described as having tenants-at-will. The location is described as convenient to Malden MBTA, a bus stop, parks, schools, and the Northern Strand Bike Trail, with minutes to Boston.
A paved driveway with a turn-around for parking is provided, along with a separate grassy yard space. The property is described as having tenants-at-will. The location is described as convenient to Malden MBTA, a bus stop, parks, schools, and the Northern Strand Bike Trail, with minutes to Boston.
Key Highlights
- 3‑family home built in 1910 with approx. 3,500 SF and 15 rooms, including 3 full bathrooms
- Unit 1: 3 bedrooms, 1 bathroom, with laundry access in the basement
- Unit 2: 2 bedrooms, 1 bathroom; updated with an open floor plan plus in‑unit laundry area
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 | $111.3k | $31.80 |
| − Vacancy | −$5.5k | −$1.57 |
| EGI | $105.8k | $30.23 |
| − OpEx | −$31.7k | −$9.07 |
| NOI | $74.1k | $21.16 |
3,500 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.8K – $1.23M
NOI $74,061 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$994.8K
$870.5K – $1.16M
NOI $69,638 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,039 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three residential units feature separate utilities, in-unit or basement laundry access, and back porches.
Where is this triplex located?
The property is located at 154-156A Franklin Street Malden, MA.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: 3‑family home built in 1910 with approx. 3,500 SF and 15 rooms, including 3 full bathrooms; Unit 1: 3 bedrooms, 1 bathroom, with laundry access in the basement; Unit 2: 2 bedrooms, 1 bathroom; updated with an open floor plan plus in‑unit laundry area
