Building Details

Year Built 1900

Buildings 1

Listing Agency: eXp Realty LLC

Listed By: Christian Molina · License #449597046 Show Phone

Source: Livianhomesma

Added: Jul 30 Changed: Oct 12 Last Checked: Oct 15 at 2:13AM

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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.

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 / Yr

$44,860

Cap Rate

4.82%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $44,860 @ 7.0% cap · market cap 4.82%

Second Best

Apartment 5plus

$602.6K

$527.3K – $703.0K (±1% cap)

NOI $42,181 @ 7.0% cap · market cap 4.54%

Theoretical Best

Office A

$1.26M

$1.10M – $1.46M (±1% cap)

NOI $87,852 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Garden Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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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 65 Ashland St 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