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 Market62
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 31
Changed: Oct 28
Last Checked: Oct 30 at 2:38PM
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
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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.
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Location Intelligence
Trade Area within ½ mile
2,032
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
