Duplex Investment
For Sale
$1,168,000
68-70 Russell Street, Malden, MA 02148
Duplex-style 4-unit residence with vinyl siding, gas heat, and separately metered utilities.
Property Size3,893 SF
Lot Size0.43 Acres
Price / SF$300.03
Days on Market90
Property Features for 68-70 Russell Street
General Information
Standard status
Active
Size
3,893 SF
Lot size
0.43 Acres
Property subtype
Multi-family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Building Details
Year Built
1925
Listing Agency:
PageOne Realty,LLC
Listed By:
Donna Jiang
(781) 727-7919
Source:
Elevatedboston
Added: Jul 23
Changed: Oct 19
Last Checked: Oct 15 at 6:18AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
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
NOI $82,377 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$1.11M
$968.2K – $1.29M
NOI $77,458 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
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
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
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 Street 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
