22 Stearns St Malden, MA 02148
22 Stearns St, Malden, MA, 02148
$849,900
For Sale
$849,900
Duplexes
Property Size1,789 SF
Price / SF$475.07
Days on Market18
Property Features for 22 Stearns St
General Information
- Standard status
- Active
- Size
- 1,789 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
PRIVI Realty LLC
(617) 938-7816
Listed by
Patty Hoang
(617) 938-7816
Source
Lockandkeyre
Added: Jul 6 Updated: Jul 21 at 1:03PM Checked: Jul 23 at 5:36AM
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
Investment Insights
Based on property information with market context.
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
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 | $56.9k | $31.80 |
| − Vacancy | −$2.8k | −$1.57 |
| EGI | $54.1k | $30.23 |
| − OpEx | −$16.2k | −$9.07 |
| NOI | $37.9k | $21.16 |
1,789 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.8K
$473.2K – $630.9K
NOI $37,856 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$508.5K
$444.9K – $593.3K
NOI $35,595 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.06M
$926.7K – $1.24M
NOI $74,136 @ 7.0% cap · market cap 8.72%
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
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 $849,900.
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
