Charming Renovated Three-Family
403-405 Ferry St, Malden, MA 02148
New
MULTI_FAMILY - Malden, MA
Property size:
4,726 SFLot size:
0.15 AcresPrice / SF:
$274/SF- Added:
- May 27, 2026
- Days on Market:
- 3
- Last Refresh:
- May 29 at 2:06 pm
Property Features for 403-405 Ferry St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- ResA
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 9, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 5
- Parking
- 5
- Standard status
- Active
- APN
- 596437
- Size
- 4,726 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10786
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
Listing agent Keller Williams (617) 969-9000
Listing office Keller Williams Realty 1340 Centre Street, Suite 202, Newton, MA (617) 969-9000
Listing date May 27, 2026
MLS# 73524784
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Desirable Malden location, one block from Ferryway School, with easy access to Malden Center, Orange Line, and more.
- Three‑family home, ideal for owner‑occupants or investors.
- Units 2 and 3 significantly renovated and upgraded last year.
- Features four parking spaces in the rear lot, plus one optional space.
- Relatively new roof (approx. 10 years old) and water heaters (less than 3 years old).
- Spacious units, each with three bedrooms, a full bath, living room, and bright kitchen with modern appliances.
Overview
This charming three-family home is located in a desirable Malden neighborhood. Each unit features a spacious living room, three bedrooms, a full bath, and a bright kitchen equipped with modern appliances. A welcoming front porch and private rear deck enhance the living experience. Units 2 and 3 were significantly renovated and upgraded last year. The full basement offers ample storage space. The property includes four parking spaces in the rear lot, with an optional additional space along the front driveway. The roof is approximately 10 years old, and the water heaters are less than 3 years old. Situated one block from Ferryway School, the property provides convenient access to Malden Center, the Orange Line, T bus routes, shops, restaurants, and other area amenities. The lot size is 0.149 acres and the property size is 4726 square feet. This property presents a great opportunity for both owner-occupants and investors.
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 7.70%
Second Best
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,031 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,844 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.057661
- Latitude
- 42.420902
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Sunny Malden three-family with renovated units and convenient location.
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 $1,299,000.
What are key features of this property?
This property features: Desirable Malden location, one block from Ferryway School, with easy access to Malden Center, Orange Line, and more.; Three‑family home, ideal for owner‑occupants or investors.; Units 2 and 3 significantly renovated and upgraded last year.
