Two-Family Property with Off-Street
292 Broadway Malden, MA 02148
292 Broadway, Malden, MA, 02148
$929,000
For Sale
$929,000
Two-family home with 10+ off-street parking, long-term tenants, and a full basement with two means of egress.
Property Size2,390 SF
Price / SF$388.70
Days on Market84
Property Features for 292 Broadway
General Information
- Standard status
- Active
- Size
- 2,390 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
REMAX Andrew Realty Services
Listed by
Stephanie Rizzuto
(508) 287-2695
Source
Demakis
Added: Apr 29 Updated: Jul 21 at 12:36AM Checked: Jul 21 at 8:47AM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
This versatile two-family property offers two distinct living setups with a full basement. The first-floor unit features a two-bedroom layout with long-term tenants in place, providing rental stability. The second unit spans two levels. On the main level, it includes a living room, dining room, kitchen, and 2 bedrooms. The wall between the bedrooms was previously opened to accommodate a daycare setup, but it can be restored to the original two-bedroom configuration. The upper level adds two additional bedrooms and a private office.
Additional value is supported by the property’s full basement with high ceilings and two means of egress. Off-street convenience is also a standout, with more than 10 off-street parking spaces available.
Overall, the home is configured for flexible living and potential reconfiguration, while maintaining a foundation for future expansion through the basement area.
Additional value is supported by the property’s full basement with high ceilings and two means of egress. Off-street convenience is also a standout, with more than 10 off-street parking spaces available.
Overall, the home is configured for flexible living and potential reconfiguration, while maintaining a foundation for future expansion through the basement area.
Key Highlights
- Two‑family home built in 1900 in Malden, with a first‑floor 2‑bedroom unit and a second unit spanning two levels.
- 10+ off‑street parking spaces for tenants and guests.
- First‑floor unit has long‑term tenants in place for immediate rental income.
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 | $76.0k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $72.2k | $30.23 |
| − OpEx | −$21.7k | −$9.07 |
| NOI | $50.6k | $21.16 |
2,390 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$679.3K
$594.4K – $792.6K
NOI $47,553 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,041 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ms. Khadija's NeighborSchool
Daycare Center
Aya’s Family Child ...
Daycare Center
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FAQs
What type of property is this?
Duplex - Two-family home with 10+ off-street parking, long-term tenants, and a full basement with two means of egress.
Where is this duplex located?
The property is located at 292 Broadway Malden, MA.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two‑family home built in 1900 in Malden, with a first‑floor 2‑bedroom unit and a second unit spanning two levels.; 10+ off‑street parking spaces for tenants and guests.; First‑floor unit has long‑term tenants in place for immediate rental income.
