Multifamily Property with
199-201 Emerald Street, Malden, MA 02148
For Sale
$989,900
A three-story residence and a separate bungalow offer distinct residential layouts, with a two-car garage between them.
Property Size3,647 SF
Price / SF$271.43
Days on Market9
Property Features for 199-201 Emerald Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Highway Access
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Karen Butt, Compass
Listed By:
The Kristin Gennetti Group
(781) 704-7040
Source:
Kristingennetti
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:18AM
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 Karen Butt, Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,647-square-foot property, built in 1920, includes a three-story two-family residence and a separate bungalow. The main home has two units: each includes two bedrooms, a kitchen, living room, dining room, and full bath. The upper unit also extends to the third floor, with three additional rooms and a half bath. Enclosed porches are part of both unit layouts. A two-car garage and long driveway sit between the two dwellings.
The bungalow has a kitchen, bedroom, den, and full bathroom, along with its own water service, gas heating, and electric service. The property is across from Devir Park and near Malden Train Station, Malden Center, and major highways. Updating is needed.
The bungalow has a kitchen, bedroom, den, and full bathroom, along with its own water service, gas heating, and electric service. The property is across from Devir Park and near Malden Train Station, Malden Center, and major highways. Updating is needed.
Key Highlights
- Two separate dwellings: a three‑story two‑family home and a bungalow
- 3,647 square feet; built in 1920
- Main residence includes two units, with the upper unit extending to a third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,563
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,260
$1.5M
Cap Rate 7%
$1,036,614
$1.0M
Cap Rate 9%
$806,256
$806.3K
Market Conditions
NOI Build-Up for 3,647 SF
Gross rent
$139.2K $38.16/SF
− Vacancy
−$7.2K −$1.98/SF
EGI
$131.9K $36.18/SF
− OpEx
−$59.4K −$16.28/SF
NOI
$72.6K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,260
Cap Rate 7%
$1,036,614
Cap Rate 9%
$806,256
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.0K – $1.21M
NOI $72,563 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,131 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,330
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
$607,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Malden, MA
Properties on Market for Multifamily properties in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A three-story residence and a separate bungalow offer distinct residential layouts, with a two-car garage between them.
Where is this multifamily property located?
The property is located at 199-201 Emerald Street Malden, MA.
What is the asking price?
The asking price for this property is $989,900.
What are key features of this property?
This property features: Two separate dwellings: a three‑story two‑family home and a bungalow; 3,647 square feet; built in 1920; Main residence includes two units, with the upper unit extending to a third floor
