Updated Two-Unit
New
For Sale
$995,000
16-18 Meridian Parkway, Malden, MA 02148
Both residences offer central heating and air conditioning, hardwood floors, and private laundry.
Property Size3,100 SF
Price / SF$320.97
Days on Market4
Property Features for 16-18 Meridian Parkway
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Amenities
in-unit laundry
central air conditioning
central heating
hardwood floors
stainless steel appliances
marble countertops
recessed lighting
Building Details
Year Built
1900
Listing Agency:
AC Realty
Listed By:
Anna Mean
(781) 591-2256
Source:
Jbarrettrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 2:59PM
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 AC Realty
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Investment Insights
Based on property information with market context.
This two-family duplex contains 3,100 square feet and was built in 1900. Each residence has a kitchen with marble countertops, an island, stainless steel appliances, and recessed lighting. Renovated bathrooms, hardwood flooring, central air conditioning, central heat, and in-unit laundry are also included in both units.
The property is within walking distance of Malden Center T Station, downtown shops, and restaurants, with access to Boston and major routes. Improvements include a roof updated approximately 8 years ago, vinyl siding installed approximately 5 years ago, and hot water tanks replaced approximately 3 years ago.
The property is within walking distance of Malden Center T Station, downtown shops, and restaurants, with access to Boston and major routes. Improvements include a roof updated approximately 8 years ago, vinyl siding installed approximately 5 years ago, and hot water tanks replaced approximately 3 years ago.
Key Highlights
- Two‑family property with 3,100 square feet
- Each unit features marble kitchen counters, an island, and stainless steel appliances
- Central air conditioning, central heat, hardwood floors, and in‑unit laundry in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,597
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,940
$1.3M
Cap Rate 7%
$937,100
$937.1K
Cap Rate 9%
$728,856
$728.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$98.6K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$93.7K $30.23/SF
− OpEx
−$28.1K −$9.07/SF
NOI
$65.6K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,940
Cap Rate 7%
$937,100
Cap Rate 9%
$728,856
Alternative Uses
Best Use
Multifamily LT 5
$937.1K
$820.0K – $1.09M
NOI $65,597 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$881.1K
$771.0K – $1.03M
NOI $61,680 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,536
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer central heating and air conditioning, hardwood floors, and private laundry.
Where is this duplex located?
The property is located at 16-18 Meridian Parkway Malden, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑family property with 3,100 square feet; Each unit features marble kitchen counters, an island, and stainless steel appliances; Central air conditioning, central heat, hardwood floors, and in‑unit laundry in both units
