Two-Family Victorian with
New
For Sale
$1,250,000
485 Pleasant Street, Malden, MA 02148
Renovated kitchens and bathrooms serve a two-unit layout with a two-level upper residence.
Property Size2,752 SF
Price / SF$454.22
Days on Market7
Property Features for 485 Pleasant Street
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
wrap-around porch
Building Details
Year Built
1885
Buildings
1
Construction
Victorian
Listing Agency:
Keller Williams Realty
Listed By:
Angela Cui · License #9531311
(857) 498-7037
Source:
Wilsonwolfe
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 9:17PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,752-square-foot Victorian duplex, built in 1885, contains two separate residences. The first-floor unit has two bedrooms, while the upper residence spans two levels and includes four bedrooms, two full bathrooms, and a large living room. Both units have renovated kitchens and bathrooms, new flooring, and fresh paint. Hardwood finishes and high ceilings are among the interior features, and a wraparound porch and off-street parking add outdoor and practical amenities.
At 485 Pleasant Street in Malden, the property is near local services, schools, Fellsmere Pond, the Orange train line, and major routes.
At 485 Pleasant Street in Malden, the property is near local services, schools, Fellsmere Pond, the Orange train line, and major routes.
Key Highlights
- Two‑unit Victorian property with 2,752 square feet
- First‑floor residence has 2 bedrooms
- Upper residence spans two levels and offers 4 bedrooms and 2 full bathrooms
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,318
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated kitchens and bathrooms serve a two-unit layout with a two-level upper residence.
Where is this duplex located?
The property is located at 485 Pleasant Street 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; First‑floor residence has 2 bedrooms; Upper residence spans two levels and offers 4 bedrooms and 2 full bathrooms
