Two-Unit Residential Income
For Sale
$899,900
60 Durso Avenue, Malden, MA 02148
Two separate units feature central A/C, hardwood floors, and individual entrances with private utility systems.
Property Size2,112 SF
Price / SF$426.09
Days on Market103
Property Features for 60 Durso Avenue
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
6
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
central AC
hardwood floors
full basement
yard
Building Details
Year Built
1927
Stories
2
Tenancy
Multi
Listing Agency:
Mayflower Realty Group
Listed By:
James Gattuso
(978) 604-2491
Source:
Colonialmanorrealty
Added: Jul 21
Changed: Oct 30
Last Checked: Oct 30 at 6:33PM
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 Mayflower Realty Group
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Investment Insights
Based on property information with market context.
This versatile two-family residential income property offers two independently accessed units with separate utility systems. The home was gutted approximately 10 years ago and features newer plumbing, electrical, insulation, and newer electric. The first-floor unit includes 2+ bedrooms, a living room, an eat-in kitchen, and a full bath, with an open-concept layout. The second-floor unit offers two bedrooms, one bath, a living room, a kitchen, and a bonus room that could function as an office or possible third bedroom. Both units have central A/C and hardwood floors.
The property includes a full basement for storage and a yard with an oversized entertaining area, along with parking for six cars. It is described as being close to parks, shopping, restaurants, and Route 93, with MBTA bus and train access minutes away.
Functionally, the building supports owner-occupant or investor use due to its separate entrances, independent utilities, and two distinct living layouts, while also providing additional storage in the basement and parking on-site.
The property includes a full basement for storage and a yard with an oversized entertaining area, along with parking for six cars. It is described as being close to parks, shopping, restaurants, and Route 93, with MBTA bus and train access minutes away.
Functionally, the building supports owner-occupant or investor use due to its separate entrances, independent utilities, and two distinct living layouts, while also providing additional storage in the basement and parking on-site.
Key Highlights
- 2‑family home built in 1927, gutted 10 years ago with new plumbing, electrical, and insulation
- Both units offer central A/C and hardwood floors
- Each unit has separate entrances and separate utility systems, plus newer electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,691
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,820
$893.8K
Cap Rate 7%
$638,443
$638.4K
Cap Rate 9%
$496,567
$496.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$67.2K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$63.8K $30.23/SF
− OpEx
−$19.2K −$9.07/SF
NOI
$44.7K $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%
$893,820
Cap Rate 7%
$638,443
Cap Rate 9%
$496,567
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,521 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units feature central A/C, hardwood floors, and individual entrances with private utility systems.
Where is this duplex located?
The property is located at 60 Durso Avenue Malden, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2‑family home built in 1927, gutted 10 years ago with new plumbing, electrical, and insulation; Both units offer central A/C and hardwood floors; Each unit has separate entrances and separate utility systems, plus newer electric
