Two-Family Home with
5 Ridgewood Rd Malden, MA 02148
For Sale
$1,299,000
Pending
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 Market78
Property Features for 5 Ridgewood Rd
General Information
- Standard status
- Pending
- Size
- 4,153 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1906
Listing Agency:
Leading Edge Real Estate
(617) 872-9731
Listed By:
Adam Shulman
(617) 872-9731
Source:
Lockandkeyre
Added: May 7
Changed: Jul 22
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.1k | $31.80 |
| − Vacancy | −$6.5k | −$1.57 |
| EGI | $125.5k | $30.23 |
| − OpEx | −$37.7k | −$9.07 |
| NOI | $87.9k | $21.16 |
4,153 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
