Duplex with Two-Level
For Sale
$849,900
292 Broadway, Malden, MA 02148
The upper unit includes a private office and living space arranged across two floors.
Property Size2,390 SF
Days on Market31
Property Features for 292 Broadway
General Information
Standard status
Active
Size
2,390 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,007
Building Details
Building Size
2,390 SF
Year Built
1900
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
Listed By:
Stephanie Rizzuto
(617) 291-7292
Source:
Allisonmazer
Added: Oct 1
Changed: Oct 25
Last Checked: Oct 30 at 11:54PM
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
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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.
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
NOI $50,573 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$679.3K
$594.4K – $792.6K
NOI $47,553 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,041 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
