Two-Family Residential
222 Harvard Street Malden, MA 02148
222 Harvard Street, Malden, MA, 02148
$849,900
Pending
For Sale
$849,900
Pending
Well-updated two-unit home with matching layouts, porches, and updated heating and electrical systems.
Property Size2,552 SF
Days on Market99
Property Features for 222 Harvard Street
General Information
- Standard status
- Pending
- Size
- 2,552 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Senne
(617) 962-4823
Listed by
Steven Savarese · License #449500301
Source
Cjbarrett
Added: Apr 16 Updated: Jul 22 at 5:20AM Checked: Jul 22 at 5:20AM
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 Senne
Investment Insights
Based on property information with market context.
This two-family residential property features two units with similar layouts, each offering 5 rooms, 2 bedrooms, and 1 bathroom. The first-floor unit includes an enclosed back porch, while the second-floor unit offers enclosed front and back porches. Recent improvements include fresh paint and newly re-finished hardwood floors, along with updated heating systems and electric panels.
The home is situated in a convenient Malden area directly across from a park, with nearby shopping and dining options.
The property also includes a spacious parking area with two dedicated spaces for each unit.
The home is situated in a convenient Malden area directly across from a park, with nearby shopping and dining options.
The property also includes a spacious parking area with two dedicated spaces for each unit.
Key Highlights
- Two‑family home built in 1900 with both units featuring similar layouts: 5 rooms, 2 bedrooms, and 1 bath
- Recent updates include fresh paint and newly refinished hardwood floors in both units
- Updated heating systems and electric panels
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 | $81.2k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $77.1k | $30.23 |
| − OpEx | −$23.1k | −$9.07 |
| NOI | $54.0k | $21.16 |
2,552 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$771.4K
$675.0K – $900.0K
NOI $54,001 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$725.4K
$634.7K – $846.3K
NOI $50,776 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,754 @ 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 - Well-updated two-unit home with matching layouts, porches, and updated heating and electrical systems.
Where is this duplex located?
The property is located at 222 Harvard 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 built in 1900 with both units featuring similar layouts: 5 rooms, 2 bedrooms, and 1 bath; Recent updates include fresh paint and newly refinished hardwood floors in both units; Updated heating systems and electric panels
