Two-Unit
New
For Sale
$819,900
16 Kearney Street, Malden, MA 02148
Two distinct residences offer separate kitchens, living areas, and a mix of bedroom and office space.
Property Size1,939 SF
Price / SF$422.85
Days on Market5
Property Features for 16 Kearney Street
General Information
Standard status
Active
Size
1,939 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
RE/MAX Harmony
Listed By:
Team Ladner
(978) 922-3683
Source:
Jbarrettrealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 1 at 11:52AM
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 RE/MAX Harmony
Investment Insights
Based on property information with market context.
Built in 1900, this 1,939-square-foot duplex contains two residences. The first has one bedroom, one bathroom, an eat-in kitchen, and a living room. The second spans two levels, with a kitchen, living room, bedroom, bathroom, and storage on the main floor, plus two bedrooms and an office upstairs. A front porch, stained-glass entry door, basement laundry and storage, two sheds, and a large driveway round out the property.
The home is steps from the Northern Strand Community Trail and Green Street Park. Public transportation, Malden Center station on the Orange Line, downtown Malden shops and restaurants, Assembly Row, Encore Casino, and routes to Boston are also cited nearby.
The home is steps from the Northern Strand Community Trail and Green Street Park. Public transportation, Malden Center station on the Orange Line, downtown Malden shops and restaurants, Assembly Row, Encore Casino, and routes to Boston are also cited nearby.
Key Highlights
- 1,939 square feet; built in 1900
- Two residences: one‑bedroom unit and a two‑level unit with three bedrooms and an office
- Basement laundry and additional storage, plus two outdoor sheds
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$820,600
$820.6K
Cap Rate 7%
$586,143
$586.1K
Cap Rate 9%
$455,889
$455.9K
Market Conditions
NOI Build-Up for 1,939 SF
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.
Gross rent
$61.7K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$58.6K $30.23/SF
− OpEx
−$17.6K −$9.07/SF
NOI
$41.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$820,600
Cap Rate 7%
$586,143
Cap Rate 9%
$455,889
Alternative Uses
Best Use
Multifamily LT 5
$586.1K
$512.9K – $683.8K
NOI $41,030 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$551.1K
$482.3K – $643.0K
NOI $38,580 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,352 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,183
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
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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?
Duplex - Two distinct residences offer separate kitchens, living areas, and a mix of bedroom and office space.
Where is this duplex located?
The property is located at 16 Kearney Street Malden, MA.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: 1,939 square feet; built in 1900; Two residences: one‑bedroom unit and a two‑level unit with three bedrooms and an office; Basement laundry and additional storage, plus two outdoor sheds
