Updated Two-Family
For Sale
$1,250,000
485 Pleasant St, Malden, MA 02148
Residential Income, Malden, MA
Property Size2,752 SF
Lot Size0.17 Acres
Price / SF$454.22
Days on Market11
Property Features for 485 Pleasant St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ResA
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
Parking
10
Directions
Follow the GPS
Standard status
Active
APN
M:0026 B:0108 L:0831,592616
Size
2,752 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12013
Amenities
wrap-around porch
off-street parking
Building Details
Year built
1885
Floors in Building
3
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Steve Zeboski
(781) 843-3200
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 31 at 4:06AM
MLS# 73593703
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1885, this two-family Victorian contains 2,752 square feet across two residences. The first-floor unit has two bedrooms; the upper residence spans two levels and includes four bedrooms, two full bathrooms, and a large living room. Each unit has a renovated kitchen and bathroom, along with new flooring and fresh paint. Hardwood finishes, high ceilings, and a wraparound porch add to the property’s physical character, while off-street parking serves both households.
The property sits in Malden, near local services, schools, Fellsmere Pond, the Orange train line, and major routes. It occupies a 0.1721-acre lot and is zoned ResA.
The property sits in Malden, near local services, schools, Fellsmere Pond, the Orange train line, and major routes. It occupies a 0.1721-acre lot and is zoned ResA.
Key Highlights
- Two‑family Victorian built in 1885
- 2,752 square feet on a 0.1721‑acre lot
- First‑floor unit has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,233
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,660
$1.2M
Cap Rate 7%
$831,900
$831.9K
Cap Rate 9%
$647,033
$647.0K
Market Conditions
NOI Build-Up for 2,752 SF
Gross rent
$87.5K $31.80/SF
− Vacancy
−$4.3K −$1.57/SF
EGI
$83.2K $30.23/SF
− OpEx
−$25.0K −$9.07/SF
NOI
$58.2K $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%
$1,164,660
Cap Rate 7%
$831,900
Cap Rate 9%
$647,033
Alternative Uses
Best Use
Multifamily LT 5
$831.9K
$727.9K – $970.6K
NOI $58,233 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,042 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged residences offer six bedrooms, three bathrooms, and off-street parking.
Where is this duplex located?
The property is located at 485 Pleasant St Malden, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family Victorian built in 1885; 2,752 square feet on a 0.1721‑acre lot; First‑floor unit has 2 bedrooms
