Two-Family Residential Income
For Sale
$950,000
Pending
41-43 Linwood St., Malden, MA 02148
Large two-family home with separate units, in-unit laundry on each level, and an enclosed rear yard.
Property Size2,705 SF
Days on Market145
Property Features for 41-43 Linwood St.
General Information
Standard status
Pending
Size
2,705 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
ResA
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
basement
Building Details
Building Size
2,705 SF
Year Built
1920
Stories
2
Listing Agency:
Coelho Realty Group LLC
Listed By:
Joe Danisch
(617) 477-8223
Source:
Cjbarrett
Added: Apr 14
Changed: Sep 4
Last Checked: May 28 at 5:47AM
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 Coelho Realty Group LLC
Investment Insights
Based on property information with market context.
This two-family residential income property offers flexible layouts across both levels, with a first floor that is presently vacant. The main living space includes a living/dining combination, two bedrooms, two full baths, and a family room adjacent to the kitchen, and the layout can be reconfigured to add a third bedroom. Each level also includes in-unit laundry, and the home features a very sizable basement and an enclosed rear yard.
The second-floor unit was more recently updated with newer appliances, fixtures, and flooring. It includes a parlor-like transitional space that branches into each section of the unit, supporting a flexible arrangement.
The property is configured to support two separate units, with a double-wide driveway that can accommodate four vehicles, described as two tandem spaces for each unit.
The second-floor unit was more recently updated with newer appliances, fixtures, and flooring. It includes a parlor-like transitional space that branches into each section of the unit, supporting a flexible arrangement.
The property is configured to support two separate units, with a double-wide driveway that can accommodate four vehicles, described as two tandem spaces for each unit.
Key Highlights
- Large 2‑family home built in 1920 with separate units
- Less than a mile from Malden Center, with a double‑wide driveway accommodating four vehicles (two tandem spaces per unit)
- First‑floor unit is currently vacant and offers 2 bedrooms, 2 full baths, and a large family room adjacent to the kitchen
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
$57,239
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
6.03%
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%
$1,144,780
$1.1M
Cap Rate 7%
$817,700
$817.7K
Cap Rate 9%
$635,989
$636.0K
Market Conditions
NOI Build-Up for 2,705 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
$86.0K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$81.8K $30.23/SF
− OpEx
−$24.5K −$9.07/SF
NOI
$57.2K $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%
$1,144,780
Cap Rate 7%
$817,700
Cap Rate 9%
$635,989
Alternative Uses
Best Use
Multifamily LT 5
$817.7K
$715.5K – $954.0K
NOI $57,239 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$768.9K
$672.8K – $897.0K
NOI $53,820 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,095 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,956
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 - Large two-family home with separate units, in-unit laundry on each level, and an enclosed rear yard.
Where is this duplex located?
The property is located at 41-43 Linwood St. Malden, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Large 2‑family home built in 1920 with separate units; Less than a mile from Malden Center, with a double‑wide driveway accommodating four vehicles (two tandem spaces per unit); First‑floor unit is currently vacant and offers 2 bedrooms, 2 full baths, and a large family room adjacent to the kitchen
