Apartment Building with Lodging
New
For Sale
$2,295,000
155 Clifton Street, Malden, MA 02148
The property combines studio apartments with a separate rooming operation and underwent a full renovation in 2019.
Property Size9,167 SF
Price / SF$250.35
Days on Market7
Property Features for 155 Clifton Street
General Information
Standard status
Active
Size
9,167 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Building Details
Year Built
2019
Year Renovated
2019
Listing Agency:
Marcus & Millichap Real Estate Investment Services
Listed By:
Evan Griffith · License #(S):MA:9521845
(617) 896-7221
Source:
Lindorealtygroup
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:34AM
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 Marcus & Millichap Real Estate Investment Services
Investment Insights
Based on property information with market context.
At 155 Clifton Street, the property contains five full-size studio apartments alongside a 12-room lodging house. A 2019 renovation added new windows and hardwood flooring, as well as fire-safety and sprinkler systems.
A bus stop serving routes 99 and 132 is directly in front of the building. The property also offers access to Downtown Boston’s Financial District, Assembly Row, Encore Casino and Revere Beach.
A bus stop serving routes 99 and 132 is directly in front of the building. The property also offers access to Downtown Boston’s Financial District, Assembly Row, Encore Casino and Revere Beach.
Key Highlights
- Five full‑size studios and a 12‑room lodging house
- Renovated in 2019 with new windows and hardwood floors
- Fire‑safety improvements include sprinkler systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,392
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,647,840
$3.6M
Cap Rate 7%
$2,605,600
$2.6M
Cap Rate 9%
$2,026,578
$2.0M
Market Conditions
NOI Build-Up for 9,167 SF
Gross rent
$349.8K $38.16/SF
− Vacancy
−$18.2K −$1.98/SF
EGI
$331.6K $36.18/SF
− OpEx
−$149.2K −$16.28/SF
NOI
$182.4K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,647,840
Cap Rate 7%
$2,605,600
Cap Rate 9%
$2,026,578
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.04M
NOI $182,392 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.43M
$4.75M – $6.33M
NOI $379,878 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,747
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property combines studio apartments with a separate rooming operation and underwent a full renovation in 2019.
Where is this apartment building located?
The property is located at 155 Clifton Street Malden, MA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Five full‑size studios and a 12‑room lodging house; Renovated in 2019 with new windows and hardwood floors; Fire‑safety improvements include sprinkler systems
