Two-Family Home with
For Sale
$1,299,000
Pending
5 Ridgewood Rd, Malden, MA 02148
Two-family property offering 7 bedrooms and 4 full baths, with a screened-in porch and second-floor deck.
Property Size4,153 SF
Days on Market158
Property Features for 5 Ridgewood Rd
General Information
Standard status
Pending
Size
4,153 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
ResA
Additional Details
Multifamily Units
2
Amenities
screened-in back porch
second-floor deck
Window Unit(s)
Steam, Natural Gas
Washer & Dryer Hookup, Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Tile, Vinyl, Carpet, Hardwood, Stone/Ceramic Tile, Wood
Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood
Wood Burning
1
Ceiling Fan(s), Crown Molding, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub, Internet Available - Broadband, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Laundry Room
City View(s), Scenic View(s), City
No
Yes
Shingle
Balcony/Deck, Balcony, Rain Gutters, Garden, Stone Wall
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer, for Electric Dryer, Washer Hookup
4
Building Details
Building Size
4,153 SF
Year Built
1906
Stories
5
Tenancy
Multi
Listing Agency:
Leading Edge Real Estate
Listed By:
Adam Shulman · License #9558700
(617) 872-9731
Source:
Reishomesearch
Added: May 2
Changed: Sep 8
Last Checked: Jul 23 at 5:32AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This two-family residence was thoughtfully converted from an original single-family estate and maintains an emphasis on space and scale. The property includes 7 bedrooms and 4 full bathrooms and offers outdoor living with a screened-in back porch plus a second-floor deck.
The home is set atop a ledge on nearly half an acre and is described as providing Boston skyline views. It is approximately 0.3 miles to Oak Grove MBTA (Orange Line and Commuter Rail), 0.4 miles to the Pinnacle Rock Trailhead in the Middlesex Fells, and 0.7 miles to Malden Center.
As a residential income property, it presents a two-unit configuration within a single structure, combining multiple indoor bedrooms and full baths with dedicated outdoor areas.
The home is set atop a ledge on nearly half an acre and is described as providing Boston skyline views. It is approximately 0.3 miles to Oak Grove MBTA (Orange Line and Commuter Rail), 0.4 miles to the Pinnacle Rock Trailhead in the Middlesex Fells, and 0.7 miles to Malden Center.
As a residential income property, it presents a two-unit configuration within a single structure, combining multiple indoor bedrooms and full baths with dedicated outdoor areas.
Key Highlights
- Two‑family home built in 1906 offering 4,153 SF, 7 bedrooms, and 4 full bathrooms
- Nearly half‑acre setting with screened‑in back porch plus a second‑floor deck with sweeping city skyline views
- Converted from an original single‑family estate to a two‑family without sacrificing scale or elegance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,879
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,580
$1.8M
Cap Rate 7%
$1,255,414
$1.3M
Cap Rate 9%
$976,433
$976.4K
Market Conditions
NOI Build-Up for 4,153 SF
Gross rent
$132.1K $31.80/SF
− Vacancy
−$6.5K −$1.57/SF
EGI
$125.5K $30.23/SF
− OpEx
−$37.7K −$9.07/SF
NOI
$87.9K $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%
$1,757,580
Cap Rate 7%
$1,255,414
Cap Rate 9%
$976,433
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.46M
NOI $87,879 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,631 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,099 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
998
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property offering 7 bedrooms and 4 full baths, with a screened-in porch and second-floor deck.
Where is this duplex located?
The property is located at 5 Ridgewood Rd Malden, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family home built in 1906 offering 4,153 SF, 7 bedrooms, and 4 full bathrooms; Nearly half‑acre setting with screened‑in back porch plus a second‑floor deck with sweeping city skyline views; Converted from an original single‑family estate to a two‑family without sacrificing scale or elegance
