154 Franklin Street, Malden, MA 02148
Three spacious units with separate utilities, back porches, and in-unit or basement laundry setups.
- Added:
- May 29, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 6 at 6:14 am
Property Features for 154 Franklin Street
General Information
- Standard status
- Active
- Size
- 3,472 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1910
Listing agent Kristin Gennetti License #9065519 (781) 730-3977
Listing office Century 21 North East (781) 730-3977
Listing date May 29, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
HighLights
- Three‑family home with approximately 3,500 sq ft and 15 total rooms
- Each unit has separate utilities and back porches, plus basement storage for added space
- Unit 1: 3 bedrooms, 1 full bath, with laundry access in the full unfinished basement
- Unit 2: 2 bedrooms, 1 full bath, laundry area, and updated with an open floor plan
- Unit 3: 3 bedrooms, 1 full bath, and in‑unit laundry
- New shingle roof (2020) with gas heating; paved driveway with turn‑around parking and a grassy yard space
Overview
Externally, the home is served by a paved driveway with turn-around parking and a separate grassy yard space. Tenants are currently set up as tenants-at-will. The property is described as conveniently located near the Malden MBTA, bus service, parks, schools, and the Northern Strand Bike Trail, with Boston being minutes away.
For buyers seeking a straightforward multifamily setup, the unit mix and laundry arrangements support multiple household types, while separate utilities and dedicated porches help maintain day-to-day convenience for residents. The combination of individual utility separation, an updated second unit, and recent roof replacement can simplify building management and maintenance planning.
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 | $110.4k | $31.80 |
| − Vacancy | −$5.5k | −$1.57 |
| EGI | $105.0k | $30.23 |
| − OpEx | −$31.5k | −$9.07 |
| NOI | $73.5k | $21.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0571564
- Latitude
- 42.4250817