Victorian Duplex with
For Sale
$1,075,000
Pending
56 Lincoln St, Malden, MA 02148
Residential Income, Malden, MA
Property Size3,976 SF
Lot Size0.16 Acres
Days on Market69
Property Features for 56 Lincoln St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ResA
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4
Parking
8
Fireplace
1
Directions
GPS
Standard status
Pending
APN
M:0021 B:0117 L:0714,592303
Size
3,976 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11113
Building Details
Year built
1800
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Steve Zeboski
(781) 843-3200
Added: Aug 4
Changed: Oct 4
Last Checked: Oct 11 at 10:06PM
MLS# 73558773
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Victorian-style duplex contains 3,976 square feet and was built in 1800, with high ceilings, architectural detailing, and a fireplace. The two units offer distinct layouts, including an expansive primary suite in Unit 2 and a configuration in Unit 1 that allows for cosmetic updating. A finished lower level adds two bonus rooms, a full bathroom, and a separate entrance.
Major improvements include a new gas heating system and hot water tank installed in 2024, along with a roof replacement completed in 2018. The property also includes replacement windows installed in 2022, a detached two-car garage, and a paved driveway providing off-street parking. Located a few blocks from the MBTA Station and near dining and shopping in Malden Center, the property is zoned ResA on a 0.1558-acre lot.
Major improvements include a new gas heating system and hot water tank installed in 2024, along with a roof replacement completed in 2018. The property also includes replacement windows installed in 2022, a detached two-car garage, and a paved driveway providing off-street parking. Located a few blocks from the MBTA Station and near dining and shopping in Malden Center, the property is zoned ResA on a 0.1558-acre lot.
Key Highlights
- 3,976‑square‑foot Victorian‑style duplex built in 1800
- Two‑unit layout with high ceilings, architectural details, and a fireplace
- 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,053
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Victorian property with updated mechanical systems, a finished lower level, and substantial off-street parking.
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: 3,976‑square‑foot Victorian‑style duplex built in 1800; Two‑unit layout with high ceilings, architectural details, and a fireplace; New gas heating system and hot water tank installed in 2024
