Turnkey Four-Family Rebuilt in
468 Salem Street Malden, MA 02148
468 Salem Street, Malden, MA, 02148
$1,375,000
For Sale
$1,375,000
A modernized quadplex with updated finishes and systems, designed for low-maintenance ownership and dependable rental income.
Property Size2,671 SF
Price / SF$514.79
Days on Market78
Property Features for 468 Salem Street
General Information
- Standard status
- Active
- Size
- 2,671 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agency
United Brokers
Listed by
Mission Impossible Team
(617) 993-4639
Source
Flowrealty
Added: May 5 Updated: Jul 10 at 1:47PM Checked: Jul 21 at 9:23AM
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 United Brokers
Investment Insights
Based on property information with market context.
This turnkey four-family property was rebuilt from the studs in 2016, offering modern systems and updated finishes throughout. The result is a newer-construction multifamily asset with a low-maintenance ownership approach, appealing to both investors focused on rental stability and owner-occupants looking to offset living costs with in-place income.
Located on Salem Street, the property benefits from strong commuter access with an MBTA bus stop directly at the doorstep. It also provides convenient access to the Malden Center and Oak Grove Orange Line stations for seamless trips into Boston. The area is well connected to Route 60, Route 1, I-93, and downtown Boston, supporting ongoing tenant demand.
With street parking and minimal landscaping, the day-to-day upkeep is streamlined compared to more maintenance-intensive multifamily configurations. For buyers seeking a relatively recent rebuild in a high-demand rental market, this is an attractive opportunity to combine current-generation building improvements with transit-connected location advantages.
Located on Salem Street, the property benefits from strong commuter access with an MBTA bus stop directly at the doorstep. It also provides convenient access to the Malden Center and Oak Grove Orange Line stations for seamless trips into Boston. The area is well connected to Route 60, Route 1, I-93, and downtown Boston, supporting ongoing tenant demand.
With street parking and minimal landscaping, the day-to-day upkeep is streamlined compared to more maintenance-intensive multifamily configurations. For buyers seeking a relatively recent rebuild in a high-demand rental market, this is an attractive opportunity to combine current-generation building improvements with transit-connected location advantages.
Key Highlights
- 4‑family quadplex rebuilt from the studs in 2016 with updated finishes and modern systems
- Year built: 1930; 2016 rebuild improves the property with modernized features throughout
- Located on Salem St with an MBTA bus stop directly at the doorstep
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 | $84.9k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $80.7k | $30.23 |
| − OpEx | −$24.2k | −$9.07 |
| NOI | $56.5k | $21.16 |
2,671 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$807.4K
$706.5K – $942.0K
NOI $56,519 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$759.2K
$664.3K – $885.7K
NOI $53,144 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,686 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A modernized quadplex with updated finishes and systems, designed for low-maintenance ownership and dependable rental income.
Where is this quadplex located?
The property is located at 468 Salem Street Malden, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 4‑family quadplex rebuilt from the studs in 2016 with updated finishes and modern systems; Year built: 1930; 2016 rebuild improves the property with modernized features throughout; Located on Salem St with an MBTA bus stop directly at the doorstep
