403-405 Ferry St, Malden, MA 02148
Well-maintained three-unit home with updated units, basement storage, and rear off-street parking.
- Added:
- May 27, 2026
- Days on Market:
- 40
- Last Refresh:
- Jul 4 at 5:10 am
Property Features for 403-405 Ferry St
General Information
- Standard status
- Active
- Size
- 4,726 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing office Coldwell Banker Realty - Brookline (978) 578-5013
Listing date May 27, 2026
Source Churchillprop
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Brookline
HighLights
- Three‑family home built in 1900 with each unit offering a spacious living room, 3 bedrooms, full bath, and bright kitchen
- Units 2 and 3 were significantly renovated and upgraded last year
- Full basement provides ample storage
- Approx. 10‑year old roof and water heaters less than 3 years old
- Rear lot includes 4 parking spaces plus 1 optional space along the front driveway side
- Deleaded property near Ferryway School, with easy access to Malden Center, Orange Line, and T bus routes
Overview
The property is located near Ferryway School, approximately one block away, with access to Malden Center and connections to the Orange Line, T bus routes, and nearby shops and restaurants.
The configuration supports a range of ownership scenarios, including owner-occupancy with rental income, or investor ownership. With practical unit layouts, recent upgrades to two units, and rear-lot parking for four vehicles plus an optional additional space along the front driveway side, the property is built for day-to-day usability for multiple households.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0576639
- Latitude
- 42.4209162
