Spacious Two-Family Home in
37-39 West St Malden, MA 02148
37-39 West St, Malden, MA, 02148
$1,080,000
For Sale
$1,080,000
Well-maintained two-family home in a desirable location.
Property Size3,285 SF
Price / SF$328.77
Days on Market71
Property Features for 37-39 West St
General Information
- Standard status
- Active
- Size
- 3,285 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Realty Boston South West
(781) 414-9550
Listed by
Chris Yang
(781) 414-9550
Source
Lockandkeyre
Added: May 8 Checked: Jul 10 at 1:37 pm
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 Keller Williams Realty Boston South West
Investment Insights
Based on property information with market context.
This well-maintained, generously sized two-family home is located in a desirable area, a couple of blocks from Target and Beebe School. The property is surrounded by restaurants and shops, and is located approximately 5 minutes from the highway and about a 15-minute walk to Center T station. The move-in ready property features hardwood floors throughout, double-pane insulated windows, spacious square rooms with high ceilings, plus a walk-up attic offering 3 additional bedrooms for extra living space or expansion. The property includes a large parking area that fits up to 6 cars. The property size is 3285 square feet. This property is suitable for both owner-occupants and investors looking to generate steady rental income.
Key Highlights
- Desirable location: Close to Target, Beebe School, restaurants, shops, highway, and Center T station.
- Generously sized two‑family home: Ideal for owner‑occupants or investors.
- Large parking area: Fits up to 6 cars without shuffling.
Local 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 | $104.5k | $31.80 |
| − Vacancy | −$5.2k | −$1.57 |
| EGI | $99.3k | $30.23 |
| − OpEx | −$29.8k | −$9.07 |
| NOI | $69.5k | $21.16 |
3,285 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$993.0K
$868.9K – $1.16M
NOI $69,512 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$933.7K
$817.0K – $1.09M
NOI $65,360 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,130 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in a desirable location.
Where is this duplex located?
The property is located at 37-39 West St Malden, MA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Desirable location: Close to Target, Beebe School, restaurants, shops, highway, and Center T station.; Generously sized two‑family home: Ideal for owner‑occupants or investors.; Large parking area: Fits up to 6 cars without shuffling.
