Two-Family Duplex with
For Sale
$999,999
Pending
50-52 Bainbridge St., Malden, MA 02148
Two-level duplex with separate living units, natural gas systems, fenced outdoor space, and convenient commuter access.
Property Size3,108 SF
Days on Market131
Property Features for 50-52 Bainbridge St.
General Information
Standard status
Pending
Size
3,108 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Amenities
fenced yard
shed
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty Salem
(603) 490-8801
Listed By:
Daniel M. Mendonca
(603) 490-8801
Source:
Lockandkeyre
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 5:00PM
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 Berkshire Hathaway HomeServices Verani Realty Salem
Investment Insights
Based on property information with market context.
Built in 1900, this 3,108-square-foot duplex at 50-52 Bainbridge St. contains two separate residential units. The first-floor unit has 2 bedrooms and 1 bath, while the second-floor unit offers 4 bedrooms and 2 baths, including a primary bedroom suite. Both units have natural gas heating and brand-new natural gas hot water heaters.
The property includes a heated 1-car garage, a 10x8 shed, and a spacious driveway accommodating 6+ vehicles. A fenced-in yard provides outdoor space for the occupants. Located in Malden’s Forestdale neighborhood, the property is just minutes from Oak Grove T-Station.
The property includes a heated 1-car garage, a 10x8 shed, and a spacious driveway accommodating 6+ vehicles. A fenced-in yard provides outdoor space for the occupants. Located in Malden’s Forestdale neighborhood, the property is just minutes from Oak Grove T-Station.
Key Highlights
- Two‑unit duplex with 3,108 square feet of total property size
- First‑floor unit includes 2 bedrooms and 1 bath
- Second‑floor unit offers 4 bedrooms and 2 baths with a primary bedroom suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,320
$1.3M
Cap Rate 7%
$939,514
$939.5K
Cap Rate 9%
$730,733
$730.7K
Market Conditions
NOI Build-Up for 3,108 SF
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.
Gross rent
$98.8K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.0K $30.23/SF
− OpEx
−$28.2K −$9.07/SF
NOI
$65.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,315,320
Cap Rate 7%
$939,514
Cap Rate 9%
$730,733
Alternative Uses
Best Use
Multifamily LT 5
$939.5K
$822.1K – $1.10M
NOI $65,766 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$883.4K
$773.0K – $1.03M
NOI $61,839 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,795 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
858
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate living units, natural gas systems, fenced outdoor space, and convenient commuter access.
Where is this duplex located?
The property is located at 50-52 Bainbridge St. Malden, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑unit duplex with 3,108 square feet of total property size; First‑floor unit includes 2 bedrooms and 1 bath; Second‑floor unit offers 4 bedrooms and 2 baths with a primary bedroom suite
