Residential Income
For Sale
$885,000
45-47 Durso Avenue, Malden, MA 02148
1930-built property with paved tandem off-street parking in Malden.
Property Size2,250 SF
Price / SF$393.33
Days on Market205
Property Features for 45-47 Durso Avenue
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Multi-family
Building Details
Year Built
1930
Listing Agency:
Commonwealth Properties Residential,LLC
Listed By:
Elizabeth Goodwin
(781) 696-6345
Source:
Cambridgerealty
Added: Apr 1
Changed: Oct 21
Last Checked: Oct 15 at 8:17AM
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 Commonwealth Properties Residential,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1930 and includes a full interior feature designation. Exterior parking is paved, with both off-street and tandem parking noted. The property is located at 45-47 Durso Ave in Malden, Massachusetts, within Middlesex County, and carries ResA zoning.
Key Highlights
- Built in 1930
- ResA zoning
- Paved off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,767
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,340
$895.3K
Cap Rate 7%
$639,529
$639.5K
Cap Rate 9%
$497,411
$497.4K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$85.9K $38.16/SF
− Vacancy
−$4.5K −$1.98/SF
EGI
$81.4K $36.18/SF
− OpEx
−$36.6K −$16.28/SF
NOI
$44.8K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,340
Cap Rate 7%
$639,529
Cap Rate 9%
$497,411
Alternative Uses
Best Use
Apartment 5plus
$639.5K
$559.6K – $746.1K
NOI $44,767 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,239 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
833
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
Frequently Asked Questions
What type of property is this?
Residential income property - 1930-built property with paved tandem off-street parking in Malden.
Where is this residential income property located?
The property is located at 45-47 Durso Avenue Malden, MA.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Built in 1930; ResA zoning; Paved off‑street parking
