Duplex with Off-Street
New
For Sale
$929,900
354 Lynn St, Malden, MA 02148
Two-level residential property with fenced grounds, paved parking, natural gas, and steam heat.
Property Size2,418 SF
Price / SF$384.57
Days on Market4
Property Features for 354 Lynn St
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Residential Income
Amenities
Sidewalks
Window Unit(s), Wall Unit(s), Ceiling Fan(s)
Natural Gas, Steam
Full, Interior Entry, Sump Pump, Concrete, Unfinished
Range, Disposal, Range Hood, Dishwasher, Washer, Dryer, Gas Water Heater
Storage, Ceiling Fan(s)
Fenced
Paved, Off Street
Rain Gutters
Building Details
Building Size
2,418 SF
Year Built
1936
Listing Agency:
Century 21 North East
(781) 883-6944
Listed By:
Maureen Schlegel
(781) 883-6944
Source:
Evrealestate
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 5:05AM
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
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 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 | $76.9k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $73.1k | $30.23 |
| − OpEx | −$21.9k | −$9.07 |
| NOI | $51.2k | $21.16 |
2,418 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
495
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
Questions? Ask Rey
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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
