Duplex with Two-Level
New
For Sale
$849,900
292 Broadway, Malden, MA 02148
Residential Income, Malden, MA
Property Size2,390 SF
Lot Size0.13 Acres
Price / SF$355.61
Days on Market2
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 4, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, 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
(617) 840-5499
Added: Oct 1
Last Checked: Oct 2 at 8:06AM
MLS# 73585552
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 2,390-square-foot duplex at 292 Broadway contains two residential units. The first-floor residence has a kitchen, two bedrooms, living and dining rooms, and a full bath. The second unit extends across two levels, with a kitchen, living and dining rooms, and two bedrooms on its main level, plus two additional bedrooms and a private office upstairs. A wall alteration between the main-level bedrooms created a larger room; the two-bedroom arrangement can be restored.
The full basement has high ceilings and two means of egress. The 0.1278-acre property provides more than 10 off-street parking spaces and is zoned ResA. Nearby route access includes Routes 1, 99, and 60, with bus service on routes 108, 109, 430, 104, and 106.
The full basement has high ceilings and two means of egress. The 0.1278-acre property provides more than 10 off-street parking spaces and is zoned ResA. Nearby route access includes Routes 1, 99, and 60, with bus service on routes 108, 109, 430, 104, and 106.
Key Highlights
- Two residential units, including one arranged over two levels
- 2,390 square feet on a 0.1278‑acre lot
- Over 10 off‑street parking spaces
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
5.95%
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 5.95%
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The property pairs a first-floor residence with a second unit arranged across two levels.
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: Two residential units, including one arranged over two levels; 2,390 square feet on a 0.1278‑acre lot; Over 10 off‑street parking spaces
