Two-Family Residential Income
19 Stevens Street Malden, MA 02148
19 Stevens Street, Malden, MA, 02148
$589,500
For Sale
$589,500
Two-unit, three-level home with separate utilities and gas heat, positioned for transit access.
Property Size2,541 SF
Price / SF$231
Days on Market27
Property Features for 19 Stevens Street
General Information
- Standard status
- Active
- Size
- 2,541 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Bond Realty,Inc.
Listed by
Diane Chuha
(617) 661-6600
Source
Cambridgerealty
Added: Jun 25 Updated: Jul 21 at 4:44AM Checked: Jul 21 at 4:44AM
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 Bond Realty,Inc.
Investment Insights
Based on property information with market context.
Philadelphia-style two-family home in the Belmont area, offered for sale in need of extensive updates. The first floor includes an open foyer, full bath, spacious living room, formal dining room with built-in hutch, eat-in kitchen, and a main level bedroom. The second floor provides an open living and dining area with hardwood floors and natural woodwork, plus an office or additional bedroom with a door leading to the front porch and a large eat-in kitchen, along with a full bath on the main level. The third floor includes three spacious bedrooms and attic storage at the eaves. The basement includes newer windows, and the property has separate utilities and gas heat.
The home is described as being close to a bus stop and within walking distance of the Malden Center Orange Line train station.
The seller notes the property may require cash offers and that it may not qualify for financing without a renovation loan. Buyers are responsible for purchasing and installing smoke/co detectors and obtaining a Certificate of Compliance. The deck has been removed, and the property information also specifies not to open the door from the 2nd floor kitchen.
The home is described as being close to a bus stop and within walking distance of the Malden Center Orange Line train station.
The seller notes the property may require cash offers and that it may not qualify for financing without a renovation loan. Buyers are responsible for purchasing and installing smoke/co detectors and obtaining a Certificate of Compliance. The deck has been removed, and the property information also specifies not to open the door from the 2nd floor kitchen.
Key Highlights
- Philadelphia‑style 2‑family home built in 1920 in the Belmont area
- Walking distance to Malden Center Orange Line Station and close to a bus stop
- Separate utilities and gas heat
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 | $80.8k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $76.8k | $30.23 |
| − OpEx | −$23.0k | −$9.07 |
| NOI | $53.8k | $21.16 |
2,541 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$768.1K
$672.1K – $896.1K
NOI $53,768 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$722.2K
$632.0K – $842.6K
NOI $50,557 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,298 @ 7.0% cap · market cap 17.86%
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 - Two-unit, three-level home with separate utilities and gas heat, positioned for transit access.
Where is this duplex located?
The property is located at 19 Stevens Street Malden, MA.
What is the asking price?
The asking price for this property is $589,500.
What are key features of this property?
This property features: Philadelphia‑style 2‑family home built in 1920 in the Belmont area; Walking distance to Malden Center Orange Line Station and close to a bus stop; Separate utilities and gas heat
