Turnkey Duplex with In-Unit
For Sale
$930,000
63-65 Ashland Street, Malden, MA 02148
Duplex with separate entries and dedicated in-unit washers and dryers, plus updated roof and electrical panels.
Property Size2,120 SF
Price / SF$438.68
Days on Market53
Property Features for 63-65 Ashland Street
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Christian Molina
(774) 280-2745
Source:
Broadboutique
Added: Jul 1
Changed: Aug 21
Last Checked: Aug 21 at 10:55AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This duplex at 63-65 Ashland Street consists of a two-family home with complete privacy between units, including independent entryways and dedicated in-unit washers and dryers. The first-floor unit is described as a single-level layout with an open floor plan, newer vinyl flooring, and modern updates. The second unit is described as a bi-level layout with a modern kitchen featuring granite countertops and stainless steel appliances, along with hardwood flooring and high-efficiency mini-split AC systems. Improvements cited include a newer roof and updated electrical panels.
The property is positioned in Malden, described as minutes from Malden Center’s transit, dining, and shopping. Showings for unit 1 and the common areas are scheduled during the open house, with unit 2 available for private viewing.
The property is positioned in Malden, described as minutes from Malden Center’s transit, dining, and shopping. Showings for unit 1 and the common areas are scheduled during the open house, with unit 2 available for private viewing.
Key Highlights
- Two‑family duplex with independent entryways for complete unit privacy
- Dedicated in‑unit washers and dryers for each unit
- First‑floor open floor plan with newer vinyl flooring and modern updates
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
$44,860
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
4.82%
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%
$897,200
$897.2K
Cap Rate 7%
$640,857
$640.9K
Cap Rate 9%
$498,444
$498.4K
Market Conditions
NOI Build-Up for 2,120 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
$67.4K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$64.1K $30.23/SF
− OpEx
−$19.2K −$9.07/SF
NOI
$44.9K $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 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%
$897,200
Cap Rate 7%
$640,857
Cap Rate 9%
$498,444
Alternative Uses
Best Use
Multifamily LT 5
$640.9K
$560.8K – $747.7K
NOI $44,860 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$602.6K
$527.3K – $703.0K
NOI $42,181 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,852 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,332
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?
Duplex - Duplex with separate entries and dedicated in-unit washers and dryers, plus updated roof and electrical panels.
Where is this duplex located?
The property is located at 63-65 Ashland Street Malden, MA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Two‑family duplex with independent entryways for complete unit privacy; Dedicated in‑unit washers and dryers for each unit; First‑floor open floor plan with newer vinyl flooring and modern updates
