3-Unit Triplex with New
New
For Sale
$985,000
33-35 Upham St, Malden, MA 02148
Two three-bedroom apartments are slated to be vacant, while the two-bedroom top-floor unit remains occupied.
Property Size3,136 SF
Days on Market3
Property Features for 33-35 Upham St
General Information
Standard status
Active
Size
3,136 SF
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,790
Building Details
Building Size
3,136 SF
Year Built
1900
Listing Agency:
Serhant
Listed By:
The Boston ONE Team
(413) 333-7776
Source:
Classifiedrealtygroup
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 11:17AM
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 Serhant
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Investment Insights
Based on property information with market context.
This 1900 triplex contains two three-bedroom apartments on the first and second floors, both expected to be delivered vacant, plus a tenant-occupied two-bedroom apartment on the third floor. Heating is provided by gas on the top floor and oil on the lower two floors. Exterior work includes newly installed insulated vinyl siding, a roof approximately five years old, and windows approximately ten years old. Off-street parking is also available.
The property is in Malden, near shopping, dining, public transportation, and major routes, with Boston also described as nearby.
The property is in Malden, near shopping, dining, public transportation, and major routes, with Boston also described as nearby.
Key Highlights
- Two three‑bedroom units on the first and second floors are expected to be vacant at delivery
- Tenant‑occupied third‑floor apartment has two bedrooms
- New insulated vinyl siding; roof approximately five years old and windows approximately ten years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,359
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,180
$1.3M
Cap Rate 7%
$947,986
$948.0K
Cap Rate 9%
$737,322
$737.3K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$99.7K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.8K $30.23/SF
− OpEx
−$28.4K −$9.07/SF
NOI
$66.4K $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%
$1,327,180
Cap Rate 7%
$947,986
Cap Rate 9%
$737,322
Alternative Uses
Best Use
Multifamily LT 5
$948.0K
$829.5K – $1.11M
NOI $66,359 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$891.4K
$780.0K – $1.04M
NOI $62,396 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,955 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,055
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
Frequently Asked Questions
What type of property is this?
Triplex - Two three-bedroom apartments are slated to be vacant, while the two-bedroom top-floor unit remains occupied.
Where is this triplex located?
The property is located at 33-35 Upham St Malden, MA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Two three‑bedroom units on the first and second floors are expected to be vacant at delivery; Tenant‑occupied third‑floor apartment has two bedrooms; New insulated vinyl siding; roof approximately five years old and windows approximately ten years old
