Three-Story Apartment
69-71 Cedar Street Malden, MA 02148
69-71 Cedar Street, Malden, MA, 02148
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For Sale
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Three-story vinyl-sided 12-unit apartment building with off-street parking for five cars near Malden Center MBTA.
Property Size5,996 SF
Lot Size0.18 Acres
Price / SF$466.98
Days on Market31
Property Features for 69-71 Cedar Street
General Information
- Standard status
- Active
- Size
- 5,996 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agency
United Multi Family Corporation
(617) 529-1141
Listed by
Richard Cawley · License #MA 134301
Source
Crexi
Added: Jun 22 Updated: Jul 21 at 10:26PM Checked: Jul 21 at 10:26PM
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 United Multi Family Corporation
Investment Insights
Based on property information with market context.
The apartments at 69–71 Cedar Street comprise a three-story, vinyl-sided building constructed in 1925 containing 12 units totaling 8,454 gross square feet and 5,996 rentable square feet. The unit mix includes six two-room studios referenced as one bedroom in the rent roll and six studio apartments. Off-street parking is available for five cars, with four spaces included in the rent for units 1, 7, 9, and 12.
The property is located on a 7,697-square-foot lot and is described as walkable, with a Walk Score of 91. It is approximately a five-minute walk to the Malden Center MBTA Station, offering direct Orange Line and commuter rail access to downtown Boston.
This is a compact multifamily asset designed for straightforward operation, with a single building housing all 12 units and dedicated off-street parking for select tenants.
The property is located on a 7,697-square-foot lot and is described as walkable, with a Walk Score of 91. It is approximately a five-minute walk to the Malden Center MBTA Station, offering direct Orange Line and commuter rail access to downtown Boston.
This is a compact multifamily asset designed for straightforward operation, with a single building housing all 12 units and dedicated off-street parking for select tenants.
Key Highlights
- 12‑unit, three‑story vinyl‑sided apartment building built in 1925
- Total 8,454 gross SF and 5,996 rentable SF
- Unit mix includes 6 two‑room studios (shown as 1‑bedroom in the rent roll) and 6 studios
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.8k | $38.16 |
| − Vacancy | −$11.9k | −$1.98 |
| EGI | $216.9k | $36.18 |
| − OpEx | −$97.6k | −$16.28 |
| NOI | $119.3k | $19.90 |
5,996 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.99M
NOI $119,300 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,473 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-story vinyl-sided 12-unit apartment building with off-street parking for five cars near Malden Center MBTA.
Where is this apartment building located?
The property is located at 69-71 Cedar Street Malden, MA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 12‑unit, three‑story vinyl‑sided apartment building built in 1925; Total 8,454 gross SF and 5,996 rentable SF; Unit mix includes 6 two‑room studios (shown as 1‑bedroom in the rent roll) and 6 studios
