Duplex with Off-Street
354 Lynn St, Malden, MA 02148
For Sale
$929,900
Two-level residential property with fenced grounds, paved parking, natural gas, and steam heat.
Property Size2,418 SF
Price / SF$384.57
Days on Market103
Property Features for 354 Lynn St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Century 21 North East
Listed By:
Maureen Schlegel
(781) 883-6944
Source:
Livianhomesma
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 2:31PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This duplex property offers 2,418 square feet of residential space with window and wall unit cooling, ceiling fans, natural gas, and steam heat. Interior features include full basement space with interior entry, sump pump, concrete construction, and unfinished storage. The property also includes a range, disposal, range hood, dishwasher, washer, dryer, and gas water heater.
Exterior features include fenced grounds, paved off-street parking, and rain gutters. Built in 1936, the property is located at 354 Lynn St in Malden, with access from Eastern Ave to Lynn Street.
Exterior features include fenced grounds, paved off-street parking, and rain gutters. Built in 1936, the property is located at 354 Lynn St in Malden, with access from Eastern Ave to Lynn Street.
Key Highlights
- 2,418‑square‑foot duplex property built in 1936
- Fenced exterior with paved, off‑street parking
- Full unfinished basement with interior entry, sump pump, and concrete construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,166
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,320
$1.0M
Cap Rate 7%
$730,943
$730.9K
Cap Rate 9%
$568,511
$568.5K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$76.9K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$73.1K $30.23/SF
− OpEx
−$21.9K −$9.07/SF
NOI
$51.2K $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%
$1,023,320
Cap Rate 7%
$730,943
Cap Rate 9%
$568,511
Alternative Uses
Best Use
Multifamily LT 5
$730.9K
$639.6K – $852.8K
NOI $51,166 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$687.3K
$601.4K – $801.8K
NOI $48,110 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,201 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
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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
$607,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Malden, MA
Properties on Market for Duplexes in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential property with fenced grounds, paved parking, natural gas, and steam heat.
Where is this duplex located?
The property is located at 354 Lynn St Malden, MA.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: 2,418‑square‑foot duplex property built in 1936; Fenced exterior with paved, off‑street parking; Full unfinished basement with interior entry, sump pump, and concrete construction
