Malden Multifamily Investment
For Sale
$1,999,999
48 Tremont Street, Malden, MA 02148
Nine-unit apartment building near public transportation and downtown Malden.
Property Size5,888 SF
Price / SF$339.67
Days on Market250
Property Features for 48 Tremont Street
General Information
Standard status
Active
Size
5,888 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Zoning
ResA
Taxes and HOA fees
Annual Taxes
$16,602
Building Details
Building Size
5,888 SF
Year Built
1920
Stories
4
Listing Agency:
Atlantic Realty Services
Listed By:
Maria DiPierro · License #9511886
(617) 543-3607
Source:
Churchillprop
Added: Feb 12
Changed: Oct 6
Last Checked: Oct 19 at 4:25AM
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 Atlantic Realty Services
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 nine-unit apartment building presents an investment opportunity. The property is located on the bus line and is less than one mile from the Malden Center T Station on the orange line, providing convenient access to transportation. The complex includes two studio apartments, five one-bedroom apartments, and two one-bedroom plus office room apartments. A large parking lot is available, which includes three garages.
Key Highlights
- Prime location: Close to downtown Malden and less than one mile from Malden Center T Station (Orange Line).
- Strong investment opportunity: Nine‑unit apartment building.
- Convenient transportation: Located on the bus line.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,151
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,020
$2.3M
Cap Rate 7%
$1,673,586
$1.7M
Cap Rate 9%
$1,301,678
$1.3M
Market Conditions
NOI Build-Up for 5,888 SF
Gross rent
$224.7K $38.16/SF
− Vacancy
−$11.7K −$1.98/SF
EGI
$213.0K $36.18/SF
− OpEx
−$95.9K −$16.28/SF
NOI
$117.2K $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%
$2,343,020
Cap Rate 7%
$1,673,586
Cap Rate 9%
$1,301,678
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $117,151 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $243,997 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,084
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment building near public transportation and downtown Malden.
Where is this apartment building located?
The property is located at 48 Tremont Street Malden, MA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime location: Close to downtown Malden and less than one mile from Malden Center T Station (Orange Line).; Strong investment opportunity: Nine‑unit apartment building.; Convenient transportation: Located on the bus line.
