Multifamily Property with Unfinished
For Sale
$1,279,000
Pending
403-405 Ferry St, Malden, MA 02148
ResA zoning and a full, unfinished basement are among the property’s documented features.
Property Size4,726 SF
Days on Market63
Property Features for 403-405 Ferry St
General Information
Standard status
Pending
Size
4,726 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
ResA
Net Operating Income
$91,200
Taxes and HOA fees
Annual Taxes
$10,786
Amenities
Park
Oil
Full, Unfinished
Range, Dishwasher, Refrigerator, Freezer, Range Hood
Paved, Off Street
Building Details
Building Size
4,726 SF
Year Built
1900
Stories
3
Listing Agency:
Keller Williams Realty
Listed By:
Sino-US Realty Team
(617) 855-5121
Source:
Evrealestate
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 11 at 6:33AM
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.
Located at 403-405 Ferry St, the multifamily property was built in 1900 and is zoned ResA. Interior features include a full, unfinished basement, oil heat, and a kitchen equipped with a range, dishwasher, refrigerator, freezer, and range hood. Paved off-street parking is also present.
Directions reference Rte 99 (Broadway), Ferry Street, and Cross Street.
Directions reference Rte 99 (Broadway), Ferry Street, and Cross Street.
Key Highlights
- Multifamily property built in 1900
- Full, unfinished basement
- ResA zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,031
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,620
$1.9M
Cap Rate 7%
$1,343,300
$1.3M
Cap Rate 9%
$1,044,789
$1.0M
Market Conditions
NOI Build-Up for 4,726 SF
Gross rent
$180.3K $38.16/SF
− Vacancy
−$9.4K −$1.98/SF
EGI
$171.0K $36.18/SF
− OpEx
−$76.9K −$16.28/SF
NOI
$94.0K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,620
Cap Rate 7%
$1,343,300
Cap Rate 9%
$1,044,789
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,031 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,032
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - ResA zoning and a full, unfinished basement are among the property’s documented features.
Where is this multifamily property 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: Multifamily property built in 1900; Full, unfinished basement; ResA zoning
