Duplex with Private Fenced
For Sale
$949,000
18 Crawford Street, Malden, MA 02148
Separate laundry serves both residences, with flexible layouts spanning two levels.
Property Size2,661 SF
Days on Market13
Property Features for 18 Crawford Street
General Information
Standard status
Active
Size
2,661 SF
Total Parking Spaces
3
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,501
Amenities
dedicated laundry
fenced-in backyard
patio
built-in fire pit
private rear porch
Building Details
Building Size
2,661 SF
Year Built
1900
Buildings
1
Listing Agency:
AC Realty
(781) 591-2256
Listed By:
Anna Mean
Source:
Classifiedrealtygroup
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 25 at 4:59AM
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
Investment Insights
Based on property information with market context.
This two-family property contains distinct residences with practical layouts for owner occupancy or rental use. The first-floor unit includes one bedroom, living room, dining room, kitchen, and full bath. The upper residence extends across two levels and offers four bedrooms, living and dining rooms, an office, and a full bath. Dedicated laundry areas serve each unit.
Interior character includes hardwood flooring, French doors, high ceilings, and abundant natural light. Outdoor features include a fenced backyard, spacious patio, built-in fire pit, and a private rear porch serving the second-floor unit. The property is located near Malden Center, with access to the MBTA Orange Line, bus connections, restaurants, cafés, shops, and entertainment.
Interior character includes hardwood flooring, French doors, high ceilings, and abundant natural light. Outdoor features include a fenced backyard, spacious patio, built-in fire pit, and a private rear porch serving the second-floor unit. The property is located near Malden Center, with access to the MBTA Orange Line, bus connections, restaurants, cafés, shops, and entertainment.
Key Highlights
- Two‑family property with separate first‑floor and upper‑level residences
- First‑floor unit includes 1 bedroom, living room, dining room, kitchen, and full bath
- Second‑floor residence spans 2 levels with 4 bedrooms and an office
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
$56,308
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
5.93%
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%
$1,126,160
$1.1M
Cap Rate 7%
$804,400
$804.4K
Cap Rate 9%
$625,644
$625.6K
Market Conditions
NOI Build-Up for 2,661 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
$84.6K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$80.4K $30.23/SF
− OpEx
−$24.1K −$9.07/SF
NOI
$56.3K $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%
$1,126,160
Cap Rate 7%
$804,400
Cap Rate 9%
$625,644
Alternative Uses
Best Use
Multifamily LT 5
$804.4K
$703.9K – $938.5K
NOI $56,308 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$756.4K
$661.8K – $882.4K
NOI $52,945 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,271 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,452
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry serves both residences, with flexible layouts spanning two levels.
Where is this duplex located?
The property is located at 18 Crawford Street Malden, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family property with separate first‑floor and upper‑level residences; First‑floor unit includes 1 bedroom, living room, dining room, kitchen, and full bath; Second‑floor residence spans 2 levels with 4 bedrooms and an office
