Two-Family Residential Income
41-43 Welsh Street Malden, MA 02148
41-43 Welsh Street, Malden, MA, 02148
$1,099,900
For Sale
$1,099,900
Two-family home with separate utilities, in-unit laundry, multiple bedrooms per unit, and off-street parking; delivered vacant.
Property Size2,661 SF
Price / SF$413.34
Days on Market84
Property Features for 41-43 Welsh Street
General Information
- Standard status
- Active
- Size
- 2,661 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agency
Century 21 North East
Listed by
Kristin Gennetti
(617) 396-3100
Source
Longwoodresidential
Added: Apr 29 Updated: Jul 21 at 12:33AM Checked: Jul 21 at 8:45AM
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 attractive two-family residence offers a versatile layout with three living levels. Unit 1 includes four rooms with two bedrooms, in-unit laundry, a refreshed bathroom, custom built-in cabinetry, and high ceilings. Unit 2 features seven rooms, including four bedrooms (one on the second floor), an additional mudroom, a back porch, in-unit laundry, and high ceilings.
The property has received substantial exterior and systems upgrades, including new vinyl siding, composite decks and gutters (2024), new vinyl fence and driveway (2023), and improvements such as a new sewer line and copper water line, along with new windows (2022–2025). Unit 2 also includes a kitchen mini-split (2025). The home sits on a flat, well-manicured lot with grassy outdoor space, a patio, and a Reed’s Ferry shed, plus plenty of off-street parking.
Separate utilities are in place, and the property will be delivered vacant.
The property has received substantial exterior and systems upgrades, including new vinyl siding, composite decks and gutters (2024), new vinyl fence and driveway (2023), and improvements such as a new sewer line and copper water line, along with new windows (2022–2025). Unit 2 also includes a kitchen mini-split (2025). The home sits on a flat, well-manicured lot with grassy outdoor space, a patio, and a Reed’s Ferry shed, plus plenty of off-street parking.
Separate utilities are in place, and the property will be delivered vacant.
Key Highlights
- Edgeworth two‑family built in 1930 with 6 bedrooms and 2 bathrooms across two units
- Unit 1: 2 bedrooms, in‑unit laundry, refreshed bathroom, custom built‑in cabinetry, and high ceilings
- Unit 2: 4 bedrooms (including one on the 2nd floor), in‑unit laundry, extra mudroom, back porch, and high ceilings
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 | $84.6k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $80.4k | $30.23 |
| − OpEx | −$24.1k | −$9.07 |
| NOI | $56.3k | $21.16 |
2,661 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.4K
$703.9K – $938.5K
NOI $56,308 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$756.4K
$661.8K – $882.4K
NOI $52,945 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,271 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with separate utilities, in-unit laundry, multiple bedrooms per unit, and off-street parking; delivered vacant.
Where is this duplex located?
The property is located at 41-43 Welsh Street Malden, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Edgeworth two‑family built in 1930 with 6 bedrooms and 2 bathrooms across two units; Unit 1: 2 bedrooms, in‑unit laundry, refreshed bathroom, custom built‑in cabinetry, and high ceilings; Unit 2: 4 bedrooms (including one on the 2nd floor), in‑unit laundry, extra mudroom, back porch, and high ceilings
