Victorian Duplex with Two-Car
For Sale
$1,075,000
Pending
56 Lincoln St, Malden, MA 02148
Two-unit Victorian home with updated major systems, a finished lower level, and convenient access to transit, dining, and shopping.
Property Size3,976 SF
Days on Market66
Property Features for 56 Lincoln St
General Information
Standard status
Pending
Size
3,976 SF
Total Parking Spaces
8
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,113
Building Details
Building Size
3,976 SF
Year Built
1800
Buildings
1
Construction
Victorian
Listing Agency:
Keller Williams Realty
Listed By:
Eric Yu · License #455025303
(617) 657-9766
Source:
Classifiedrealtygroup
Added: Aug 8
Changed: Sep 28
Last Checked: Oct 11 at 3:41AM
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
Investment Insights
Based on property information with market context.
This two-family Victorian home at 56 Lincoln St includes 3,976 square feet and retains high ceilings and architectural detailing across both units. The second unit has replacement windows installed in 2022 and a large primary suite, while the first offers a functional layout with cosmetic updating needs. Shared improvements include a gas heating system and hot water tank installed in 2024, plus a roof replaced in 2018.
The finished lower level adds two bonus rooms, a full bath, and a separate entrance. The property also includes a detached two-car garage and a paved driveway providing off-street parking. Located in Malden Center, the home is a few blocks from the MBTA Station, local restaurants, and shopping. The lower level may offer ADU potential, subject to buyer due diligence.
The finished lower level adds two bonus rooms, a full bath, and a separate entrance. The property also includes a detached two-car garage and a paved driveway providing off-street parking. Located in Malden Center, the home is a few blocks from the MBTA Station, local restaurants, and shopping. The lower level may offer ADU potential, subject to buyer due diligence.
Key Highlights
- Two‑family Victorian home with 3,976 square feet
- Detached 2‑car garage and expansive paved driveway
- New gas heating system and hot water tank installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,134
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,682,680
$1.7M
Cap Rate 7%
$1,201,914
$1.2M
Cap Rate 9%
$934,822
$934.8K
Market Conditions
NOI Build-Up for 3,976 SF
Gross rent
$126.4K $31.80/SF
− Vacancy
−$6.2K −$1.57/SF
EGI
$120.2K $30.23/SF
− OpEx
−$36.1K −$9.07/SF
NOI
$84.1K $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%
$1,682,680
Cap Rate 7%
$1,201,914
Cap Rate 9%
$934,822
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,134 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$1.13M
$988.9K – $1.32M
NOI $79,109 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,764 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,053
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Victorian home with updated major systems, a finished lower level, and convenient access to transit, dining, and shopping.
Where is this duplex located?
The property is located at 56 Lincoln St Malden, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑family Victorian home with 3,976 square feet; Detached 2‑car garage and expansive paved driveway; New gas heating system and hot water tank installed in 2024
