Victorian Duplex with Original
24 Alpine St, Malden, MA 02148
For Sale
New
$1,449,000
A two-family home combines period detailing with a substantial kitchen, private suite, and dedicated office.
Property Size5,570 SF
Days on Market4
Property Features for 24 Alpine St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Construction
Listed By:
Xiaoli Xie
(617) 593-8637
Source:
Elliman
Added: Nov 8
Last Checked: Nov 10 at 8:59AM
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 Xiaoli Xie
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Investment Insights
Based on property information with market context.
Built in 1920, this Victorian duplex retains original woodwork, hardwood floors, grand staircases, columns, and detailed crown and dental moldings. The kitchen has custom cherry cabinetry, granite countertops, and a center island. A primary suite includes a sitting area, walk-in closet, and marble bathroom with a Jacuzzi tub; a separate office features custom cherry built-ins and a granite desk.
The property is at 24 Alpine St in Malden. Its reported scores are 90 for walkability, 79 for transit, and 52 for biking.
The property is at 24 Alpine St in Malden. Its reported scores are 90 for walkability, 79 for transit, and 52 for biking.
Key Highlights
- Two‑family Victorian residence built in 1920
- Original woodwork, hardwood floors, grand staircases, columns, and ornate moldings
- Kitchen with cherry cabinetry, granite countertops, and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,863
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,260
$2.4M
Cap Rate 7%
$1,683,757
$1.7M
Cap Rate 9%
$1,309,589
$1.3M
Market Conditions
NOI Build-Up for 5,570 SF
Gross rent
$177.1K $31.80/SF
− Vacancy
−$8.8K −$1.57/SF
EGI
$168.4K $30.23/SF
− OpEx
−$50.5K −$9.07/SF
NOI
$117.9K $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%
$2,357,260
Cap Rate 7%
$1,683,757
Cap Rate 9%
$1,309,589
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,863 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.58M
$1.39M – $1.85M
NOI $110,824 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,819 @ 7.0% cap · market cap 15.93%
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
1,882
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
$607,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Malden, MA
Properties on Market for Duplexes in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-family home combines period detailing with a substantial kitchen, private suite, and dedicated office.
Where is this duplex located?
The property is located at 24 Alpine St Malden, MA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Two‑family Victorian residence built in 1920; Original woodwork, hardwood floors, grand staircases, columns, and ornate moldings; Kitchen with cherry cabinetry, granite countertops, and center island
