Two-Unit
New
For Sale
$1,050,000
323 Bainbridge St, Malden, MA 02148
Each residence has a private entrance and its own high-efficiency gas system for heating and on-demand hot water.
Property Size3,297 SF
Lot Size0.12 Acres
Days on Market6
Property Features for 323 Bainbridge St
General Information
Standard status
Active
Size
3,297 SF
Total Parking Spaces
4
Lot size
0.12 Acres
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,066
Amenities
paver patio
raised garden beds
screened gazebo
hardwood floors
quartz counters
stainless steel appliances
cathedral ceiling
skylight
in-unit laundry
Building Details
Building Size
3,297 SF
Year Built
1890
Listing Agency:
A. C. B. Realty Inc.
Listed By:
Gregory Anderson
(781) 356-2552
Source:
Jonathanradford
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 12:49PM
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 A. C. B. Realty Inc.
Investment Insights
Based on property information with market context.
Built in 1890, this 3,297-square-foot duplex has two residences arranged across two levels apiece. One unit is vacant. Its main level features hardwood floors and a kitchen with quartz counters and stainless steel appliances; a spiral stairway connects to a finished walk-out lower level with a full bath, laundry, and additional living area. The other residence spans the upper two floors, with three bedrooms, in-unit laundry, and a kitchen with a cathedral ceiling and skylight. Both units have separate entrances and independent high-efficiency gas systems for heat and on-demand hot water.
The 5,044-square-foot lot includes four off-street parking spaces and a fenced, two-tier paver patio with raised garden beds and a screened gazebo. Oak Grove Station, serving the Orange Line and Haverhill commuter rail, is approximately 0.8 miles away; Malden Center is about 1.3 miles. Route 1, I-93, Pine Banks Park, and Forestdale School are also nearby.
The 5,044-square-foot lot includes four off-street parking spaces and a fenced, two-tier paver patio with raised garden beds and a screened gazebo. Oak Grove Station, serving the Orange Line and Haverhill commuter rail, is approximately 0.8 miles away; Malden Center is about 1.3 miles. Route 1, I-93, Pine Banks Park, and Forestdale School are also nearby.
Key Highlights
- Two residences, each arranged over two levels, in a 3,297‑square‑foot duplex
- One unit is vacant; the other has three bedrooms, including one on its main level
- Separate entrances and high‑efficiency gas systems for heat and on‑demand hot water
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
$69,766
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
6.64%
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%
$1,395,320
$1.4M
Cap Rate 7%
$996,657
$996.7K
Cap Rate 9%
$775,178
$775.2K
Market Conditions
NOI Build-Up for 3,297 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
$104.8K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$99.7K $30.23/SF
− OpEx
−$29.9K −$9.07/SF
NOI
$69.8K $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%
$1,395,320
Cap Rate 7%
$996,657
Cap Rate 9%
$775,178
Alternative Uses
Best Use
Multifamily LT 5
$996.7K
$872.1K – $1.16M
NOI $69,766 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$937.1K
$820.0K – $1.09M
NOI $65,599 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,627 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,076
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private entrance and its own high-efficiency gas system for heating and on-demand hot water.
Where is this duplex located?
The property is located at 323 Bainbridge St Malden, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residences, each arranged over two levels, in a 3,297‑square‑foot duplex; One unit is vacant; the other has three bedrooms, including one on its main level; Separate entrances and high‑efficiency gas systems for heat and on‑demand hot water
