Two-Family Duplex with Off-Street
22 Porter Street Malden, MA 02148
22 Porter Street, Malden, MA, 02148
$849,900
For Sale
$849,900
Two-unit property with six bedrooms, hardwood floors, gas hot water heat, basement storage, and off-street parking.
Property Size2,551 SF
Price / SF$333.16
Days on Market131
Property Features for 22 Porter Street
General Information
- Standard status
- Active
- Size
- 2,551 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Lillian Montalto Signature Properties
(978) 475-1400
Listed by
Team Lillian Montalto · License #79547
(978) 475-1400
Source
Compass
Added: Mar 13 Updated: Jul 21 at 7:23AM Checked: Jul 21 at 7:23AM
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 Lillian Montalto Signature Properties
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers two separate units with a total of six bedrooms and two full baths. The first-floor unit features two bedrooms and hardwood flooring, along with a comfortable living area. The second unit spans two levels and includes four bedrooms, providing additional flexibility within the home.
Additional features include bright living rooms, kitchens in both units, gas hot water heating, a full unfinished basement suited for storage, and off-street parking. The property is located in Malden and is described as being near public transportation, shopping, parks, schools, and major highways.
Showings are limited to group showings only.
Additional features include bright living rooms, kitchens in both units, gas hot water heating, a full unfinished basement suited for storage, and off-street parking. The property is located in Malden and is described as being near public transportation, shopping, parks, schools, and major highways.
Showings are limited to group showings only.
Key Highlights
- Two‑family home with 6 bedrooms and 2 full baths, offering a total of 2,551 sq ft of living space
- Unit mix: first‑floor unit has 2 bedrooms; second unit has 4 bedrooms across two levels
- Hardwood and tile flooring throughout; includes Range, Dishwasher, and Microwave
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 | $81.1k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $77.1k | $30.23 |
| − OpEx | −$23.1k | −$9.07 |
| NOI | $54.0k | $21.16 |
2,551 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$771.1K
$674.8K – $899.7K
NOI $53,980 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$725.1K
$634.5K – $845.9K
NOI $50,756 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,713 @ 7.0% cap · market cap 12.44%
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 property with six bedrooms, hardwood floors, gas hot water heat, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 22 Porter Street Malden, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑family home with 6 bedrooms and 2 full baths, offering a total of 2,551 sq ft of living space; Unit mix: first‑floor unit has 2 bedrooms; second unit has 4 bedrooms across two levels; Hardwood and tile flooring throughout; includes Range, Dishwasher, and Microwave
