Building Details

Building Size 2,390 SF

Year Built 1900

Buildings 1

Listing Agency: REMAX Andrew Realty Services

Listed By: Stephanie Rizzuto Show Phone

Source: Allisonmazer

Added: Oct 1 Changed: Oct 8 Last Checked: Oct 11 at 12:23PM

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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.

Built in 1900, this duplex has two distinct unit layouts. The first-floor unit contains a kitchen, living room, dining room, two bedrooms, and a full bath. The other unit occupies two levels, with a kitchen, living room, dining room, and two bedrooms on its main floor; the upper floor adds two bedrooms and a private office. A wall between the main-floor bedrooms has been opened, and the original two-bedroom arrangement can be restored. The property also includes a full basement with high ceilings and two means of egress, along with more than 10 off-street parking spaces.

The property is near Route 1, Route 99, and Route 60, with bus service on routes 108, 109, 430, 104, and 106.

Key Highlights

• Duplex built in 1900
• More than 10 off‑street parking spaces
• One unit spans two floors and includes four bedrooms and a private office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,573

Cap Rate

5.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,460 $1.0M

Cap Rate 7%

$722,471 $722.5K

Cap Rate 9%

$561,922 $561.9K

Market Conditions

NOI Build-Up for 2,390 SF

Gross rent

$76.0K $31.80/SF

− Vacancy

−$3.8K −$1.57/SF

EGI

$72.2K $30.23/SF

− OpEx

−$21.7K −$9.07/SF

NOI

$50.6K $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%

$1,011,460

Cap Rate 7%

$722,471

Cap Rate 9%

$561,922

Alternative Uses

Best Use

Multifamily LT 5

$722.5K

$632.2K – $842.9K (±1% cap)

NOI $50,573 @ 7.0% cap · market cap 5.95%

Second Best

Apartment 5plus

$679.3K

$594.4K – $792.6K (±1% cap)

NOI $47,553 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $99,041 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Ms. Khadija's NeighborSchool Daycare Center Aya’s Family Child ... Daycare Center

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Cafe & Coffee Shop Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

859

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The upper unit includes a private office and living space arranged across two floors.

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 $849,900.

What are key features of this property?

This property features: Duplex built in 1900; More than 10 off‑street parking spaces; One unit spans two floors and includes four bedrooms and a private office