Malden Triplex with Vacant Units

36-38 Albion St, Malden, MA 02148

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For Sale

$1,100,000

Well-maintained Malden triplex with strong rental and owner-occupant potential.

Type:3 Family

Property size:

3,860 SF

Price / SF:

$284/SF

HighLights

Prime Malden location: Minutes to Malden Center, MBTA Orange Line, shops, and restaurants.
Spacious, updated owner’s unit: Lives like a single‑family with open kitchen and larger living area.
Fully vacant: Strong rental and owner‑occupant potential with two clean units ready for immediate occupancy.
Recent updates: High‑efficiency heating systems, full insulation, roof ~3 years old, and fully repointed basement.
Low maintenance: Vinyl siding, fenced yard, and off‑street parking.
Separate utilities: Separate electric for each unit; Unit 1 has its own gas heat, Units 2 & 3 are serviced by a shared gas forced hot air system.

We can help!

Listing Contact

John Connolly

Learn more

For Sale

$1,100,000

Well-maintained Malden triplex with strong rental and owner-occupant potential.

Type:3 Family

Property size:

3,860 SF

Price / SF:

$284/SF

Added:: Apr 8, 2026
Days on Market:: 62
Last Refresh:: Apr 20 at 7:03 pm

Property Features for 36-38 Albion St

General Information

Standard status: Active
Size: 3,860 SF
Property subtype: 3 Family

Building Details

Year Built: 1900

We can help!

Listing Contact

John Connolly

Listing agent John Connolly

Listing office Commonwealth Properties Residential, LLC

Listing date Apr 8, 2026

Source Lockandkeyre

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 Commonwealth Properties Residential, LLC

HighLights

Prime Malden location: Minutes to Malden Center, MBTA Orange Line, shops, and restaurants.
Spacious, updated owner’s unit: Lives like a single‑family with open kitchen and larger living area.
Fully vacant: Strong rental and owner‑occupant potential with two clean units ready for immediate occupancy.
Recent updates: High‑efficiency heating systems, full insulation, roof ~3 years old, and fully repointed basement.
Low maintenance: Vinyl siding, fenced yard, and off‑street parking.
Separate utilities: Separate electric for each unit; Unit 1 has its own gas heat, Units 2 & 3 are serviced by a shared gas forced hot air system.

Overview

This well-maintained, fully vacant three-family property is located in a prime Malden location. It offers strong rental and owner-occupant potential. The property features a spacious, updated owner’s unit that lives like a single-family home, with an open kitchen and larger living area. There are also two clean units ready for immediate occupancy. The property boasts high ceilings, bright rooms, and functional layouts throughout. Updates include multiple high-efficiency heating systems, full insulation, a roof approximately 3 years old, and a fully repointed basement with excellent storage. Each unit has separate electric. Unit 1 has its own gas heat, while Units 2 and 3 are serviced by a shared gas forced hot air system. The property also features low-maintenance vinyl siding, a fenced yard, and off-street parking. It is located minutes from Malden Center, the MBTA Orange Line, shops, and restaurants. The property is in a strong rental location with consistent demand. The property size is 3860 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$122.7k	$31.80
− Vacancy	−$6.1k	−$1.57
EGI	$116.7k	$30.23
− OpEx	−$35.0k	−$9.07
NOI	$81.7k	$21.16

3,860 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,679 @ 7.0% cap · market cap 7.43%

Second Best

Apartment 5plus

$1.10M

$960.0K – $1.28M (±1% cap)

NOI $76,801 @ 7.0% cap · market cap 6.98%

Theoretical Best

Office A

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $159,957 @ 7.0% cap · market cap 14.54%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Malden
County: Middlesex
State: Massachusetts
Longitude: -71.0625847
Latitude: 42.4272328

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For sale
Triplexes
MA
Malden
02148
36-38 Albion St

What type of property is this?

Triplex - Well-maintained Malden triplex with strong rental and owner-occupant potential.

Where is this triplex located?

The property is located at 36-38 Albion St Malden, MA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Prime Malden location: Minutes to Malden Center, MBTA Orange Line, shops, and restaurants.; Spacious, updated owner’s unit: Lives like a single‑family with open kitchen and larger living area.; Fully vacant: Strong rental and owner‑occupant potential with two clean units ready for immediate occupancy.