Three-Story Multifamily
For Sale
$879,000
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$392.76
Days on Market50
Property Features for 59-61 Presley St
General Information
Standard status
Active
Size
2,238 SF
Total Parking Spaces
1
Property subtype
Multi-Family
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.
(617) 826-6681
Listed By:
Chad Smith · License #454006343
(617) 905-2338
Source:
Churchillprop
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 5:24AM
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.
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.
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 / Yr
$44,529
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
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
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 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 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,742 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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 $879,000.
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
