Two-Unit Residential Income
For Sale
$919,000
Pending
36-38 Wentworth St, Malden, MA 02148
Two-family property within walking distance to Malden train station, with separate driveway parking and bonus rooms.
Property Size2,452 SF
Days on Market83
Property Features for 36-38 Wentworth St
General Information
Standard status
Pending
Size
2,452 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
mature fruit trees
grape vines
shed for large tools
bonus rooms
Building Details
Building Size
2,452 SF
Year Built
1920
Listing Agency:
Ocean Luxury Real Estate
(617) 872-5347
Listed By:
Trang Pham
(617) 820-6666
Source:
Iverty
Added: Jul 22
Changed: Oct 11
Last Checked: Oct 11 at 9:22AM
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 Ocean Luxury Real Estate
Investment Insights
Based on property information with market context.
This two-family duplex offers separate living for each side, including its own driveway parking. The property includes a shed for large tools, with gas cooking and gas heat. Each unit also has additional bonus rooms that can serve as an office or entertainment room, along with outdoor mature fruit trees and grape vines.
Located on Wentworth St in Malden, the property is described as within walking distance of the Malden train station. BikeScore is listed at 57 and WalkScore at 88, with TransitScore of 69.
Located on Wentworth St in Malden, the property is described as within walking distance of the Malden train station. BikeScore is listed at 57 and WalkScore at 88, with TransitScore of 69.
Key Highlights
- Two‑family home built in 1920, within walking distance to Malden train station
- Separate driveway parking for each unit
- Each unit includes bonus rooms for an office or entertainment room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,885
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,700
$1.0M
Cap Rate 7%
$741,214
$741.2K
Cap Rate 9%
$576,500
$576.5K
Market Conditions
NOI Build-Up for 2,452 SF
Gross rent
$78.0K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$74.1K $30.23/SF
− OpEx
−$22.2K −$9.07/SF
NOI
$51.9K $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%
$1,037,700
Cap Rate 7%
$741,214
Cap Rate 9%
$576,500
Alternative Uses
Best Use
Multifamily LT 5
$741.2K
$648.6K – $864.8K
NOI $51,885 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,610 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
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-family property within walking distance to Malden train station, with separate driveway parking and bonus rooms.
Where is this duplex located?
The property is located at 36-38 Wentworth St Malden, MA.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Two‑family home built in 1920, within walking distance to Malden train station; Separate driveway parking for each unit; Each unit includes bonus rooms for an office or entertainment room
