2-Unit Duplex with Detached
57 Upham Street, Malden, MA 02148
For Sale
$739,000
Both residences offer two bedrooms, updated kitchens, hardwood floors, and separate utility meters.
Property Size2,022 SF
Price / SF$365.48
Days on Market17
Property Features for 57 Upham Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
front porch
rear porch
mini-split systems
solar panels
basement
walk-up attic
washer/dryer
Building Details
Year Built
Buildings
Listing Agency:
Trinity Real Estate
(781) 231-9800
Listed By:
Joseph Duggan
(617) 230-3957
Source:
Lockandkeyre
Added: Oct 22
Changed: Nov 7
Last Checked: Nov 7 at 5:11AM
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 Trinity Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,022-square-foot duplex, built in 1910, contains two residences with two bedrooms apiece. Each has an updated kitchen, pantry, hardwood flooring, front and rear porches, and a mini-split system for heating and cooling. A large basement provides storage and utility space, while a walk-up attic may offer expansion possibilities. A washer and dryer are included, and a detached two-car garage serves the property.
Building updates include a roof replacement in 2020, updated electrical panels, and some newer windows. Each unit has separate utilities and metering; the second unit’s rent currently includes electricity. Solar panels are also installed.
Building updates include a roof replacement in 2020, updated electrical panels, and some newer windows. Each unit has separate utilities and metering; the second unit’s rent currently includes electricity. Solar panels are also installed.
Key Highlights
- Two residences, each with 2 bedrooms
- 2,022‑square‑foot building constructed in 1910
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,786
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,720
$855.7K
Cap Rate 7%
$611,229
$611.2K
Cap Rate 9%
$475,400
$475.4K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$64.3K $31.80/SF
− Vacancy
−$3.2K −$1.57/SF
EGI
$61.1K $30.23/SF
− OpEx
−$18.3K −$9.07/SF
NOI
$42.8K $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 Rate 5%
$855,720
Cap Rate 7%
$611,229
Cap Rate 9%
$475,400
Alternative Uses
Best Use
Multifamily LT 5
$611.2K
$534.8K – $713.1K
NOI $42,786 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$574.7K
$502.9K – $670.5K
NOI $40,231 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,791 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,055
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
$607,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Malden, MA
Properties on Market for Duplexes in Malden
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, updated kitchens, hardwood floors, and separate utility meters.
Where is this duplex located?
The property is located at 57 Upham Street Malden, MA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms; 2,022‑square‑foot building constructed in 1910; Detached 2‑car garage
