Two-Family Duplex with Off-Street
For Sale
$899,900
292 Broadway, Malden, MA 02148
MULTI_FAMILY - Malden, MA
Property Size2,390 SF
Lot Size0.13 Acres
Price / SF$376.53
Days on Market96
Property Features for 292 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ResA
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking
11
Directions
Eastern Ave to Broadway
Standard status
Active
APN
M:132 B:680 L:012,600160
Size
2,390 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8007
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(781) 395-7676
Added: May 6
Changed: Aug 2
Last Checked: Aug 9 at 9:06AM
MLS# 73513777
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex offers a flexible layout for both owner-occupants and investors. The first-floor unit features a two-bedroom configuration with long-term tenants already in place. The second unit spans two levels, with the main level including a living room, dining room, kitchen, and 2 bedrooms, plus an upper level with two additional bedrooms and a private office. The wall between the bedrooms on the main level was previously opened to accommodate a daycare setup, but can be restored to its original 2-bedroom configuration. A full basement with high ceilings and two means of egress supports future expansion.
The property sits on a 0.1278-acre lot and includes 2,390 square feet. It was built in 1900 and is zoned ResA.
Off-street parking is available with more than 10 spaces, providing added convenience for occupants and guests.
The property sits on a 0.1278-acre lot and includes 2,390 square feet. It was built in 1900 and is zoned ResA.
Off-street parking is available with more than 10 spaces, providing added convenience for occupants and guests.
Key Highlights
- More than 10 off‑street parking spaces
- Two‑family duplex with first‑floor two‑bedroom unit and tenant occupancy
- Second unit spans two levels with two upper bedrooms plus a private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.62%
Second Best
Apartment 5plus
$679.3K
$594.4K – $792.6K
NOI $47,553 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,041 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex on ResA-zoned land with more than 10 off-street parking spaces, a full basement, and flexible two-level second unit.
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 $899,900.
What are key features of this property?
This property features: More than 10 off‑street parking spaces; Two‑family duplex with first‑floor two‑bedroom unit and tenant occupancy; Second unit spans two levels with two upper bedrooms plus a private office
