Three-Story Multifamily
New
For Sale
$950,000
59-61 Presley St, Malden, MA 02148
Hardwood flooring and overhead lighting are provided throughout the three-story residence near public transportation.
Property Size2,238 SF
Price / SF$424.49
Days on Market5
Property Features for 59-61 Presley St
General Information
Standard status
Active
Size
2,238 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
ResA
Net Operating Income
$239,976
Taxes and HOA fees
Annual Taxes
$8,381
Building Details
Building Size
2,238 SF
Year Built
1920
Stories
3
Listing Agency:
Mariano Smith & Co.
Listed By:
Chad Smith
(617) 826-6681
Source:
Laerrealty
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 5 at 3:59AM
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 Mariano Smith & Co.
Investment Insights
Based on property information with market context.
Located at 59-61 Presley Street in Malden, this multifamily residence was constructed in 1920 and contains 2,238 square feet across three stories. The interior includes five bedrooms, two full bathrooms, hardwood flooring, and overhead lighting in all rooms. The layout provides residential accommodations within an established urban property.
The parcel measures 3,128 square feet and is positioned within walking distance of public transportation. The property combines a traditional early-twentieth-century construction date with a defined bedroom and bathroom count, making the physical configuration clear for evaluation by prospective buyers.
The parcel measures 3,128 square feet and is positioned within walking distance of public transportation. The property combines a traditional early-twentieth-century construction date with a defined bedroom and bathroom count, making the physical configuration clear for evaluation by prospective buyers.
Key Highlights
- 2,238‑square‑foot multifamily residence built in 1920
- Five bedrooms and two full bathrooms across three stories
- 3,128‑square‑foot lot at 59‑61 Presley Street
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
$44,529
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
4.69%
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%
$890,580
$890.6K
Cap Rate 7%
$636,129
$636.1K
Cap Rate 9%
$494,767
$494.8K
Market Conditions
NOI Build-Up for 2,238 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
$85.4K $38.16/SF
− Vacancy
−$4.4K −$1.98/SF
EGI
$81.0K $36.18/SF
− OpEx
−$36.4K −$16.28/SF
NOI
$44.5K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
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%
$890,580
Cap Rate 7%
$636,129
Cap Rate 9%
$494,767
Alternative Uses
Best Use
Apartment 5plus
$636.1K
$556.6K – $742.2K
NOI $44,529 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,742 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,339
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?
Multifamily property - Hardwood flooring and overhead lighting are provided throughout the three-story residence near public transportation.
Where is this multifamily property located?
The property is located at 59-61 Presley St Malden, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,238‑square‑foot multifamily residence built in 1920; Five bedrooms and two full bathrooms across three stories; 3,128‑square‑foot lot at 59‑61 Presley Street
