Two-Family Residential Income
For Sale
$999,888
41-43 Welsh Street, Malden, MA 02148
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$375.76
Days on Market179
Property Features for 41-43 Welsh Street
General Information
Standard status
Active
Size
2,661 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1930
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 North East
Listed By:
Kristin Gennetti · License #448551493
(781) 704-7040
Source:
Inrealtyinc
Added: Apr 27
Changed: Oct 21
Last Checked: Oct 10 at 12:54AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,308
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,160
$1.1M
Cap Rate 7%
$804,400
$804.4K
Cap Rate 9%
$625,644
$625.6K
Market Conditions
NOI Build-Up for 2,661 SF
Gross rent
$84.6K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$80.4K $30.23/SF
− OpEx
−$24.1K −$9.07/SF
NOI
$56.3K $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 Rate 5%
$1,126,160
Cap Rate 7%
$804,400
Cap Rate 9%
$625,644
Alternative Uses
Best Use
Multifamily LT 5
$804.4K
$703.9K – $938.5K
NOI $56,308 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$756.4K
$661.8K – $882.4K
NOI $52,945 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,271 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,339
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
Frequently Asked Questions
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 $999,888.
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
