Building Details

Building Size 3,893 SF

Year Built 1925

Listing Agency: PageOne Realty, LLC

Listed By: Donna Jiang Show Phone

Source: Bostonluxurysuburbs

Added: Jul 26 Changed: Oct 14 Last Checked: Oct 11 at 9:51AM

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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 PageOne Realty, LLC

Investment Insights

Based on property information with market context.

Duplex-style 4-family residence with vinyl siding and gas heat. The property has all utilities separated, providing independent operation across units. Internal accommodations are currently occupied, with the unit interiors described as needing some updates.

The building sits on a 4,000+ square foot lot as provided in the listing remarks, with two driveways and parking for 10+ vehicles. An additional POTL opportunity to expand is mentioned in the public remarks.

According to the listing, the property is within walking distance of the T Madden Center and a school, along with nearby shopping. For showings and additional information, the listing directs interested parties to text or email.

Key Highlights

• Duplex‑style 4‑unit residence built in 1925
• Vinyl siding with gas heat and separately metered utilities for each unit
• 18766 SF lot with extra POT'L to expand

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,377

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,647,540 $1.6M

Cap Rate 7%

$1,176,814 $1.2M

Cap Rate 9%

$915,300 $915.3K

Market Conditions

NOI Build-Up for 3,893 SF

Gross rent

$123.8K $31.80/SF

− Vacancy

−$6.1K −$1.57/SF

EGI

$117.7K $30.23/SF

− OpEx

−$35.3K −$9.07/SF

NOI

$82.4K $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%

$1,647,540

Cap Rate 7%

$1,176,814

Cap Rate 9%

$915,300

Alternative Uses

Best Use

Multifamily LT 5

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,377 @ 7.0% cap · market cap 7.05%

Second Best

Apartment 5plus

$1.11M

$968.2K – $1.29M (±1% cap)

NOI $77,458 @ 7.0% cap · market cap 6.63%

Theoretical Best

Office A

$2.30M

$2.02M – $2.69M (±1% cap)

NOI $161,325 @ 7.0% cap · market cap 13.81%

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

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Hotel & Motel (Bike/Boat/Book/etc) Store Furniture & Home Goods Home Appliance Store Acupuncture

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,274

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-style 4-unit residence with vinyl siding, gas heat, and separately metered utilities.

Where is this duplex located?

The property is located at 68-70 Russell St Malden, MA.

What is the asking price?

The asking price for this property is $1,168,000.

What are key features of this property?

This property features: Duplex‑style 4‑unit residence built in 1925; Vinyl siding with gas heat and separately metered utilities for each unit; 18766 SF lot with extra POT'L to expand