Two-Family Residential Income
16 Fairview Terrace Malden, MA 02148
16 Fairview Terrace, Malden, MA, 02148
$799,000
For Sale
$799,000
Well-maintained two-unit home with four bedrooms and two full bathrooms, featuring updated first-floor living space.
Property Size1,712 SF
Price / SF$466.71
Days on Market119
Property Features for 16 Fairview Terrace
General Information
- Standard status
- Active
- Size
- 1,712 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Boston Advanced Realty, LLC
(857) 334-5827
Listed by
Mario Pavli · License #9555655
(857) 334-5827
Source
Compass
Added: Mar 26 Updated: Jul 21 at 1:25PM Checked: Jul 21 at 1:25PM
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 Boston Advanced Realty, LLC
Investment Insights
Based on property information with market context.
16 Fairview Terrace, Malden, MA 02148 presents a well-maintained two-family opportunity on a quiet dead-end street. The property offers two separate units with a total of four bedrooms and two full bathrooms. The first-floor unit includes a renovated layout with an open floor plan, hardwood floors, abundant natural light, and fresh updates throughout.
Set in the Maplewood area, the home is positioned for everyday convenience, with MBTA public transportation, shopping, dining, and major routes all within minutes. The overall configuration supports both owner-occupant use and long-term rental income.
For buyers seeking a residential income property with straightforward two-unit living and visible interior updates, this well-kept duplex merits attention.
Set in the Maplewood area, the home is positioned for everyday convenience, with MBTA public transportation, shopping, dining, and major routes all within minutes. The overall configuration supports both owner-occupant use and long-term rental income.
For buyers seeking a residential income property with straightforward two-unit living and visible interior updates, this well-kept duplex merits attention.
Key Highlights
- Well‑maintained 2‑family home with approx. 1,712 sq ft of living space
- 4 bedrooms total and 2 full bathrooms across two units
- First‑floor unit features a renovated layout with an open floor plan and hardwood floors
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 | $54.4k | $31.80 |
| − Vacancy | −$2.7k | −$1.57 |
| EGI | $51.8k | $30.23 |
| − OpEx | −$15.5k | −$9.07 |
| NOI | $36.2k | $21.16 |
1,712 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.5K
$452.8K – $603.8K
NOI $36,227 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.01M
$886.8K – $1.18M
NOI $70,945 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with four bedrooms and two full bathrooms, featuring updated first-floor living space.
Where is this duplex located?
The property is located at 16 Fairview Terrace Malden, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home with approx. 1,712 sq ft of living space; 4 bedrooms total and 2 full bathrooms across two units; First‑floor unit features a renovated layout with an open floor plan and hardwood floors
