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Malden Two-Family Colonial For Sale

235 Lebanon Street, Malden, MA 02148

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For Sale

$699,900

Two-family Colonial in Malden's Maplewood section, ideal for investors.

Type:Multi Family Home

Property size:

2,310 SF

Price / SF:

$302/SF

HighLights

Prime location in desirable Maplewood section of Malden with T stop at the front door.
Large corner lot with spacious yard and private driveways for each unit.
Two‑family home offering investment or owner‑occupancy potential.
Unit 1: 9 rooms, 4 bedrooms, and 2 full baths.
Unit 2: Ranch‑style with 1 bedroom, 1 bath, laundry, eat‑in kitchen, and living room.
Convenient access to Boston (7 miles) and Routes 1, 60, and 99.

We can help!

Contact an agent

Chrisanne Connolly

Learn more

For Sale

$699,900

Two-family Colonial in Malden's Maplewood section, ideal for investors.

Type:Multi Family Home

Property size:

2,310 SF

Price / SF:

$302/SF

Added:: Apr 23, 2026
Days on Market:: 75
Last Refresh:: Apr 23 at 7:44 am

Property Features for 235 Lebanon Street

General Information

Standard status: Active
Size: 2,310 SF
Property subtype: Multi Family Home

Building Details

Year Built: 1920

We can help!

Contact an agent

Chrisanne Connolly

Listing office Wilson Wolfe Real Estate

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Wilson Wolfe Real Estate

HighLights

Prime location in desirable Maplewood section of Malden with T stop at the front door.
Large corner lot with spacious yard and private driveways for each unit.
Two‑family home offering investment or owner‑occupancy potential.
Unit 1: 9 rooms, 4 bedrooms, and 2 full baths.
Unit 2: Ranch‑style with 1 bedroom, 1 bath, laundry, eat‑in kitchen, and living room.
Convenient access to Boston (7 miles) and Routes 1, 60, and 99.

Overview

This two-family mansard Colonial is located on a large corner lot in the Maplewood section of Malden. The property is positioned near a T stop and is approximately 7 miles north of Boston, with convenient access to Routes 1, 60, and 99. Unit 1 features 9 rooms, including four bedrooms, with one bedroom located on the first floor, and a full bath on each level. Unit 2, situated at the rear of the building, features a ranch-style design with one bedroom, one full bath, a laundry area, a spacious eat-in kitchen, and a living room. Each unit has its own private driveway and multiple forms of egress, providing access to a spacious yard. The property, with a size of 2310 square feet, is being sold in its current condition and is in need of renovations.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.5k	$31.80
− Vacancy	−$3.6k	−$1.57
EGI	$69.8k	$30.23
− OpEx	−$20.9k	−$9.07
NOI	$48.9k	$21.16

2,310 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$698.3K

$611.0K – $814.7K (±1% cap)

NOI $48,880 @ 7.0% cap · market cap 6.98%

Second Best

Apartment 5plus

$656.6K

$574.5K – $766.0K (±1% cap)

NOI $45,961 @ 7.0% cap · market cap 6.57%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,726 @ 7.0% cap · market cap 13.68%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Malden
County: Middlesex
State: Massachusetts
Longitude: -71.0468461
Latitude: 42.4377527

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For sale
Duplexes
MA
Malden
02148
235 Lebanon Street

What type of property is this?

Duplex - Two-family Colonial in Malden's Maplewood section, ideal for investors.

Where is this duplex located?

The property is located at 235 Lebanon Street Malden, MA.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Prime location in desirable Maplewood section of Malden with **T stop at the front door**.; **Large corner lot with spacious yard** and private driveways for each unit.; Two‑family home offering investment or owner‑occupancy potential.