Two-Family Brick Duplex with
18 Pierce Street Malden, MA 02148
18 Pierce Street, Malden, MA, 02148
$1,180,000
For Sale
$1,180,000
Side-by-side brick duplex with hardwood floors, separate utilities, a partially finished basement, and an attached garage.
Property Size3,231 SF
Price / SF$365.21
Days on Market83
Property Features for 18 Pierce Street
General Information
- Standard status
- Active
- Size
- 3,231 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Real Broker MA,LLC
Listed by
Wai Yi Sammi Ng
(617) 661-6600
Source
Cambridgerealty
Added: Apr 30 Updated: Jul 20 at 5:11PM Checked: Jul 21 at 6:47AM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
Large brick side-by-side two-family home offering a total of 8 bedrooms and 5 bathrooms. The property features spacious rooms, hardwood flooring throughout, and a fireplace in one of the bedrooms. A partially finished basement includes a full bath, and the home also offers a fenced-in backyard.
Separate utilities are in place, supporting independent living arrangements. An attached garage is included, and the remarks note that it is not a driveway.
With its unit-ready layout and multiple bathroom count, this duplex is designed to accommodate residential income use with distinct utilities and generous interior space.
Separate utilities are in place, supporting independent living arrangements. An attached garage is included, and the remarks note that it is not a driveway.
With its unit-ready layout and multiple bathroom count, this duplex is designed to accommodate residential income use with distinct utilities and generous interior space.
Key Highlights
- 1900‑built side‑by‑side brick duplex with 8 total bedrooms and 5 total bathrooms
- Hardwood flooring throughout and a fireplace in one of the bedrooms
- Partially finished basement with a full bath
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 | $102.7k | $31.80 |
| − Vacancy | −$5.1k | −$1.57 |
| EGI | $97.7k | $30.23 |
| − OpEx | −$29.3k | −$9.07 |
| NOI | $68.4k | $21.16 |
3,231 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$976.7K
$854.6K – $1.14M
NOI $68,369 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$918.4K
$803.6K – $1.07M
NOI $64,286 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,892 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Side-by-side brick duplex with hardwood floors, separate utilities, a partially finished basement, and an attached garage.
Where is this duplex located?
The property is located at 18 Pierce Street Malden, MA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 1900‑built side‑by‑side brick duplex with 8 total bedrooms and 5 total bathrooms; Hardwood flooring throughout and a fireplace in one of the bedrooms; Partially finished basement with a full bath
