Charming Three-Family
403-405 Ferry St Malden, MA 02148
403-405 Ferry St, Malden, MA, 02148
$1,279,000
For Sale
$1,279,000
A renovated, income-ready three-family home with private outdoor space and parking for multiple vehicles.
Property Size4,726 SF
Price / SF$270.63
Days on Market53
Property Features for 403-405 Ferry St
General Information
- Standard status
- Active
- Size
- 4,726 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
(617) 855-5121
Listed by
Sino-US Realty Team
(617) 855-5121
Source
Lockandkeyre
Added: May 27 Checked: Jun 3 at 2:49 am
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
Investment Insights
Based on property information with market context.
Sunny and charming three-family residence offers a practical layout for both owner-occupants and investors. Each unit features a spacious living room, three generous bedrooms, a full bath, and a bright kitchen with modern appliances. A welcoming front porch and private rear deck add everyday livability. Unit 2 and Unit 3 were significantly renovated and upgraded last year, while a full basement provides ample storage. The property also includes an approximate 10-year-old roof and water heaters that are less than three years old.
Conveniently located one block from Ferryway School, the home provides easy access to Malden Center, the Orange Line, T bus routes, and a variety of shops, restaurants, and area amenities.
With four parking spaces in the rear lot and one optional space along the front driveway side, this property is well suited for tenants who value convenient daily access. The combination of updated units, solid building improvements, and a strong, repeatable unit layout makes it a straightforward fit for investors seeking rental income or owner-occupants looking to offset living expenses.
Conveniently located one block from Ferryway School, the home provides easy access to Malden Center, the Orange Line, T bus routes, and a variety of shops, restaurants, and area amenities.
With four parking spaces in the rear lot and one optional space along the front driveway side, this property is well suited for tenants who value convenient daily access. The combination of updated units, solid building improvements, and a strong, repeatable unit layout makes it a straightforward fit for investors seeking rental income or owner-occupants looking to offset living expenses.
Key Highlights
- Three‑family home built in 1900 with each unit offering a spacious living room, three bedrooms, full bath, and bright kitchen with appliances
- Unit 2 and Unit 3 significantly renovated and upgraded last year
- Roof is approx. 10 years old; water heaters are less than 3 years old
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 | $150.3k | $31.80 |
| − Vacancy | −$7.4k | −$1.57 |
| EGI | $142.9k | $30.23 |
| − OpEx | −$42.9k | −$9.07 |
| NOI | $100.0k | $21.16 |
4,726 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,004 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,031 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,844 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - A renovated, income-ready three-family home with private outdoor space and parking for multiple vehicles.
Where is this triplex located?
The property is located at 403-405 Ferry St Malden, MA.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: Three‑family home built in 1900 with each unit offering a spacious living room, three bedrooms, full bath, and bright kitchen with appliances; Unit 2 and Unit 3 significantly renovated and upgraded last year; Roof is approx. 10 years old; water heaters are less than 3 years old
