For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Three-Family Residential Building Title is generated by Realmo AI

    154 Franklin Street, Malden, MA 02148

    View on Map
    Claim this Listing
    For Sale
    $1,149,900

    Three spacious units with separate utilities, back porches, and in-unit or basement laundry setups.

    Type:Multi-family / 3 Family - 3 Units Up/Down
    Property size:
    3,472 SF
    Price / SF:
    $331/SF
    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

    We can help!

    Listing Contact
    Kristin Gennetti

    Listing agent Kristin Gennetti License #9065519

    Listing office Century 21 North East

    Listing date May 29, 2026

    Source Compass

    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

    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

    This three-family residential property is configured as a versatile, tenant-ready rental building with approximately 3,500 square feet and 15 rooms total. Unit 1 features three bedrooms and one full bathroom, with laundry access in the basement. Unit 2 includes two bedrooms and one bathroom and has been updated with an open floor plan, along with a dedicated laundry area. Unit 3 offers three bedrooms, one full bathroom, and in-unit laundry. Throughout the building, residents benefit from back porches, and the property has low-maintenance vinyl siding, gas heating, and ample basement storage. A new roof was installed in 2020, and each unit has separate utilities.

    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
    3,472 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.05M
    $918.4K – $1.22M (±1% cap)
    NOI $73,469 @ 7.0% cap · market cap 6.39%
    Second Best
    Apartment 5plus
    $986.9K
    $863.5K – $1.15M (±1% cap)
    NOI $69,081 @ 7.0% cap · market cap 6.01%
    Theoretical Best
    Office A
    $2.06M
    $1.80M – $2.40M (±1% cap)
    NOI $143,879 @ 7.0% cap · market cap 12.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0571564
    Latitude
    42.4250817

    FAQs

    What type of property is this?
    Triplex - Three spacious units with separate utilities, back porches, and in-unit or basement laundry setups.
    Where is this triplex located?
    The property is located at 154 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: 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
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message