Victorian Duplex with Wraparound
New
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 Market2
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 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking
6
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
Listing Agency:
Keller Williams Realty
Listed By:
Steve Zeboski
(781) 843-3200
Added: Oct 21
Last Checked: Oct 22 at 1:06AM
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.
This 2,752-square-foot Victorian duplex contains two units. The first-floor residence has two bedrooms, while the upper unit extends across two levels with four bedrooms, two full bathrooms, and a large living room. Both kitchens and bathrooms have been renovated, and the interiors also feature new flooring and fresh paint. The home was built in 1885 and includes a wraparound porch and off-street parking.
The property occupies a 0.1721-acre lot in Malden, near local services, schools, Fellsmere Pond, the Orange train line, and major routes. Zoning is ResA.
The property occupies a 0.1721-acre lot in Malden, near local services, schools, Fellsmere Pond, the Orange train line, and major routes. Zoning is ResA.
Key Highlights
- Two‑unit Victorian property with 2,752 square feet of interior space
- First‑floor unit has two bedrooms; upper residence spans two levels and includes four bedrooms and two full bathrooms
- Renovated kitchens and bathrooms in both units, plus updated flooring and fresh paint
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 residences provide a two-bedroom first-floor layout and a four-bedroom upper home arranged across two levels.
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‑unit Victorian property with 2,752 square feet of interior space; First‑floor unit has two bedrooms; upper residence spans two levels and includes four bedrooms and two full bathrooms; Renovated kitchens and bathrooms in both units, plus updated flooring and fresh paint
