Duplex with Off-Street
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 Market58
Property Features for 354 Lynn St
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Multi-Family
Building Details
Year Built
1936
Listing Agency:
Century 21 North East
Listed By:
Maureen Schlegel
(781) 883-6944
Source:
Livianhomesma
Added: Jul 30
Changed: Sep 13
Last Checked: Sep 24 at 3:23PM
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
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
$51,166
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
5.50%
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%
$1,023,320
$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
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
$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 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%
$1,023,320
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.
Property Analytics
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Open 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
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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 - 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
