Renovated Two-Family
For Sale
$1,124,000
40-42 Swan Street, Malden, MA 02148
Updated two-family property with separate three-bedroom units, shared laundry, private outdoor space, and off-street parking.
Property Size2,531 SF
Lot Size0.19 Acres
Price / SF$444.09
Days on Market167
Property Features for 40-42 Swan Street
General Information
Standard status
Active
Size
2,531 SF
Total Parking Spaces
6
Lot size
0.19 Acres
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Parking per Unit
3
Amenities
shared basement laundry
private backyard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
New Year Realty
Listed By:
Edmund Wong
(617) 913-1460
Source:
Sarkisboston
Added: Apr 25
Changed: Oct 7
Last Checked: Sep 24 at 7:34PM
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 New Year Realty
Investment Insights
Based on property information with market context.
The two-family duplex at 40-42 Swan Street contains 2,531 square feet and was built in 1920. Each residence offers three bedrooms and one bathroom, with hardwood flooring, high ceilings, stainless steel appliances, dishwashers, soft-close cabinetry, and under-cabinet lighting. The upper unit adds a bonus attic room, while the lower unit is furnished. Improvements to the roof, electrical, plumbing, kitchens, and bathrooms have been completed since 2021.
A shared basement provides laundry and storage, and the property includes a private backyard and six off-street parking spaces. Situated on an 8,276-square-foot lot in Malden’s Maplewood neighborhood, the property is zoned ResA and is served by MBTA Bus 411 and 430 routes connecting to Malden Center and the Orange Line.
A shared basement provides laundry and storage, and the property includes a private backyard and six off-street parking spaces. Situated on an 8,276-square-foot lot in Malden’s Maplewood neighborhood, the property is zoned ResA and is served by MBTA Bus 411 and 430 routes connecting to Malden Center and the Orange Line.
Key Highlights
- Two‑family duplex with two 3BR/1BA units
- 2,531 square feet on an 8,276‑square‑foot lot
- Roof, electrical, plumbing, kitchens, and baths updated since 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,557
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,140
$1.1M
Cap Rate 7%
$765,100
$765.1K
Cap Rate 9%
$595,078
$595.1K
Market Conditions
NOI Build-Up for 2,531 SF
Gross rent
$80.5K $31.80/SF
− Vacancy
−$4.0K −$1.57/SF
EGI
$76.5K $30.23/SF
− OpEx
−$23.0K −$9.07/SF
NOI
$53.6K $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%
$1,071,140
Cap Rate 7%
$765,100
Cap Rate 9%
$595,078
Alternative Uses
Best Use
Multifamily LT 5
$765.1K
$669.5K – $892.6K
NOI $53,557 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$719.4K
$629.5K – $839.3K
NOI $50,358 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,884 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
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 - Updated two-family property with separate three-bedroom units, shared laundry, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 40-42 Swan Street Malden, MA.
What is the asking price?
The asking price for this property is $1,124,000.
What are key features of this property?
This property features: Two‑family duplex with two 3BR/1BA units; 2,531 square feet on an 8,276‑square‑foot lot; Roof, electrical, plumbing, kitchens, and baths updated since 2021
