Two-Unit Residential
New
For Sale
$1,249,000
22 Harnden Rd, Malden, MA 02148
Both apartments extend across two floors and have central heating.
Property Size2,932 SF
Days on Market3
Property Features for 22 Harnden Rd
General Information
Standard status
Active
Size
2,932 SF
Property subtype
2 Family - 2 Units Side by Side
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,075
Building Details
Building Size
2,932 SF
Year Built
1910
Listing Agency:
Cameron Real Estate Group
Listed By:
Liliana Delgado
(781) 267-2999
Source:
Downtownbostonrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
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 Cameron Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two apartments, each arranged over two levels. The property has a total of eight bedrooms and three bathrooms, with central heating in both units. The lot provides outdoor space, though its dimensions are not specified.
An MBTA T-station is within a five-minute walk. Restaurants, schools, shopping, and other neighborhood amenities are also nearby.
An MBTA T-station is within a five-minute walk. Restaurants, schools, shopping, and other neighborhood amenities are also nearby.
Key Highlights
- Two residential units, each with two levels of living space
- Eight bedrooms and three bathrooms total
- Central heating in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,042
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,840
$1.2M
Cap Rate 7%
$886,314
$886.3K
Cap Rate 9%
$689,356
$689.4K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$93.2K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$88.6K $30.23/SF
− OpEx
−$26.6K −$9.07/SF
NOI
$62.0K $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 Rate 5%
$1,240,840
Cap Rate 7%
$886,314
Cap Rate 9%
$689,356
Alternative Uses
Best Use
Multifamily LT 5
$886.3K
$775.5K – $1.03M
NOI $62,042 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$833.4K
$729.2K – $972.3K
NOI $58,337 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,501 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,318
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 - Both apartments extend across two floors and have central heating.
Where is this duplex located?
The property is located at 22 Harnden Rd Malden, MA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Two residential units, each with two levels of living space; Eight bedrooms and three bathrooms total; Central heating in both units
