For Sale
$819,900
22 Stearns St, Malden, MA 02148
Duplexes
Property Size1,789 SF
Price / SF$458.30
Days on Market109
Property Features for 22 Stearns St
General Information
Standard status
Active
Size
1,789 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
modern kitchens
updated baths
stylish finishes
abundant natural light
walk-in closet
energy-efficient mini-split systems
shared laundry with washer and dryer
Building Details
Year Built
1900
Year Renovated
2020
Listing Agency:
PRIVI Realty LLC
Listed By:
Patty Hoang
(617) 938-7816
Source:
Gooddeedsrealtypartners
Added: Jul 9
Changed: Oct 23
Last Checked: Oct 20 at 5:52PM
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 PRIVI Realty LLC
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Investment Insights
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Key Highlights
- Renovated in 2020 two‑family property with a spacious 4‑bedroom unit and a 1‑bedroom unit
- Both units feature modern kitchens, updated baths, stylish finishes, and abundant natural light
- Four energy‑efficient mini‑split systems provide year‑round comfort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,856
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,120
$757.1K
Cap Rate 7%
$540,800
$540.8K
Cap Rate 9%
$420,622
$420.6K
Market Conditions
NOI Build-Up for 1,789 SF
Gross rent
$56.9K $31.80/SF
− Vacancy
−$2.8K −$1.57/SF
EGI
$54.1K $30.23/SF
− OpEx
−$16.2K −$9.07/SF
NOI
$37.9K $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%
$757,120
Cap Rate 7%
$540,800
Cap Rate 9%
$420,622
Alternative Uses
Best Use
Multifamily LT 5
$540.8K
$473.2K – $630.9K
NOI $37,856 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$508.5K
$444.9K – $593.3K
NOI $35,595 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.06M
$926.7K – $1.24M
NOI $74,136 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 22 Stearns St Malden, MA.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: Renovated in 2020 two‑family property with a spacious 4‑bedroom unit and a 1‑bedroom unit; Both units feature modern kitchens, updated baths, stylish finishes, and abundant natural light; Four energy‑efficient mini‑split systems provide year‑round comfort
