Updated Duplex with Finished Lower
For Sale
$1,195,000
404 Bryant Street, Malden, MA 02148
Fully vacant two-family property with separate laundry and parking for up to eight vehicles.
Property Size3,010 SF
Price / SF$397.01
Days on Market11
Property Features for 404 Bryant Street
General Information
Standard status
Active
Size
3,010 SF
Total Parking Spaces
8
Property subtype
2 Family - 2 Units Up/Down
Amenities
fenced-in yard
front deck
private porch
in-unit laundry
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Century 21 North East
(617) 999-6422
Listed By:
Frederica Tassis · License #9539341
(617) 999-6422
Source:
Lockandkeyre
Added: Jul 30
Changed: Aug 7
Last Checked: Aug 9 at 5:28AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This 2,274-square-foot duplex includes two living units, plus a permitted, fully finished lower level of approximately 736 sf. The lower level has a full bathroom, laundry, additional living space, its own heating zone, and flexible use for extended family, guests, or a home office. The first-floor unit offers two bedrooms, an updated bathroom, in-unit laundry, and a remodeled kitchen with quartz countertops and new plumbing. The upper duplex includes four bedrooms, a private office, one full bathroom, a third-level half bath, separate laundry, and another updated kitchen with quartz countertops. Front-deck and private-porch access serve the upper unit.
Key Highlights
- 2,274 sq. ft. of above‑grade living space plus approximately 736 sf of finished lower‑level space
- Permitted lower level includes a full bath, laundry, additional living area, and its own heating zone
- First‑floor unit has 2 bedrooms; upper duplex includes 4 bedrooms and a private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,860
$1.3M
Cap Rate 7%
$909,900
$909.9K
Cap Rate 9%
$707,700
$707.7K
Market Conditions
NOI Build-Up for 3,010 SF
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.
Gross rent
$95.7K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$91.0K $30.23/SF
− OpEx
−$27.3K −$9.07/SF
NOI
$63.7K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,860
Cap Rate 7%
$909,900
Cap Rate 9%
$707,700
Alternative Uses
Best Use
Multifamily LT 5
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$855.6K
$748.6K – $998.2K
NOI $59,889 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,734 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,199
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully vacant two-family property with separate laundry and parking for up to eight vehicles.
Where is this duplex located?
The property is located at 404 Bryant Street Malden, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 2,274 sq. ft. of above‑grade living space plus approximately 736 sf of finished lower‑level space; Permitted lower level includes a full bath, laundry, additional living area, and its own heating zone; First‑floor unit has 2 bedrooms; upper duplex includes 4 bedrooms and a private office
