Two-Unit Duplex with Outdoor
New
For Sale
$850,000
5-7 Granite Street, Malden, MA 02148
Two separate residences offer eat-in kitchens, laundry hookups, and access to outdoor areas.
Property Size2,004 SF
Price / SF$424.15
Days on Market4
Property Features for 5-7 Granite Street
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
deck
fenced yard
outside balcony
pantry with laundry hook-ups
Building Details
Year Built
1910
Listing Agency:
Littlefield Real Estate
Listed By:
Rhonda Combe · License #454000869
(781) 706-0842
Source:
Littlefieldre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:12AM
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 Littlefield Real Estate
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Investment Insights
Based on property information with market context.
This 2,004-square-foot duplex, built in 1910, contains two residences. The first-floor unit has four rooms, including one bedroom, an eat-in kitchen, a living room, and a dining room or den. A pantry with laundry hookups and access to a deck and fenced yard complete this level. The upper residence spans two floors, with an eat-in kitchen, living room, dining room, pantry, and laundry hookups; its top floor includes two additional bedrooms and storage. A balcony is located off the foyer.
The property is at 5-7 Granite Street in Malden, within walking distance of a bus line, charter school, and park. The surrounding Maplewood Square area is also nearby.
The property is at 5-7 Granite Street in Malden, within walking distance of a bus line, charter school, and park. The surrounding Maplewood Square area is also nearby.
Key Highlights
- Two‑family duplex with a 1‑bedroom first‑floor residence and a second unit spanning two floors
- 2,004 square feet; built in 1910
- First‑floor unit includes a deck and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,405
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,100
$848.1K
Cap Rate 7%
$605,786
$605.8K
Cap Rate 9%
$471,167
$471.2K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$63.7K $31.80/SF
− Vacancy
−$3.1K −$1.57/SF
EGI
$60.6K $30.23/SF
− OpEx
−$18.2K −$9.07/SF
NOI
$42.4K $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%
$848,100
Cap Rate 7%
$605,786
Cap Rate 9%
$471,167
Alternative Uses
Best Use
Multifamily LT 5
$605.8K
$530.1K – $706.8K
NOI $42,405 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$569.6K
$498.4K – $664.6K
NOI $39,873 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,045 @ 7.0% cap · market cap 9.77%
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
829
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 separate residences offer eat-in kitchens, laundry hookups, and access to outdoor areas.
Where is this duplex located?
The property is located at 5-7 Granite Street Malden, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family duplex with a 1‑bedroom first‑floor residence and a second unit spanning two floors; 2,004 square feet; built in 1910; First‑floor unit includes a deck and fenced yard
