Two-Family Residential Income
32 Myrtle Street Malden, MA 02148
32 Myrtle Street, Malden, MA, 02148
$879,999
For Sale
$879,999
Well-maintained two-family home with two units, 5 bedrooms total, 2.5 baths, and three off-street parking spaces.
Property Size2,236 SF
Price / SF$393.56
Days on Market14
Property Features for 32 Myrtle Street
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Shore Real Estate LLC
Listed by
The Vici Group
(617) 236-0353
Source
Thecharlesrealty
Added: Jul 8 Updated: Jul 20 at 3:50AM Checked: Jul 20 at 3:50AM
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 Shore Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers a total of 2,236 square feet with 5 bedrooms and 2.5 baths. Unit 1 is set up with 2 bedrooms and 1 full bath and will be delivered vacant. Unit 2 includes 3 bedrooms and 1.5 baths and features in-unit laundry spread over two floors, and it is currently leased.
The property provides three off-street parking spaces and is described as conveniently located near public transportation, shopping, restaurants, schools, and major commuting routes.
The home’s two separate units and in-unit laundry in Unit 2 create a straightforward owner-occupant or investor configuration, with Unit 1 available for immediate use upon ownership.
The property provides three off-street parking spaces and is described as conveniently located near public transportation, shopping, restaurants, schools, and major commuting routes.
The home’s two separate units and in-unit laundry in Unit 2 create a straightforward owner-occupant or investor configuration, with Unit 1 available for immediate use upon ownership.
Key Highlights
- Well‑maintained two‑family home built in 1910 with 2,236 SF of living space
- Total of 5 bedrooms and 2.5 baths across two units
- Three off‑street parking spaces
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 | $71.1k | $31.80 |
| − Vacancy | −$3.5k | −$1.57 |
| EGI | $67.6k | $30.23 |
| − OpEx | −$20.3k | −$9.07 |
| NOI | $47.3k | $21.16 |
2,236 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$675.9K
$591.4K – $788.6K
NOI $47,315 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,659 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two units, 5 bedrooms total, 2.5 baths, and three off-street parking spaces.
Where is this duplex located?
The property is located at 32 Myrtle Street Malden, MA.
What is the asking price?
The asking price for this property is $879,999.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1910 with 2,236 SF of living space; Total of 5 bedrooms and 2.5 baths across two units; Three off‑street parking spaces
