Two-Family Home on Corner
69 Warren Avenue Malden, MA 02148
69 Warren Avenue, Malden, MA, 02148
$625,000
For Sale
$625,000
Large two-family residence on a corner lot with three full levels and off-street parking, contractor special needing significant work.
Property Size2,513 SF
Price / SF$248.71
Days on Market107
Property Features for 69 Warren Avenue
General Information
- Standard status
- Active
- Size
- 2,513 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Trinity Real Estate
(781) 231-9800
Listed by
Dale Brousseau · License #126998
(781) 231-9800
Source
Compass
Added: Apr 7 Updated: Jul 21 at 1:59PM Checked: Jul 21 at 1:59PM
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 Trinity Real Estate
Investment Insights
Based on property information with market context.
This contractor special is a very large two-family home in need of significant renovation. The property offers three full levels of living space, including a walk-up third floor, with a sizable first-floor addition that created two bedrooms for the main unit. As a corner-lot configuration, it also includes ample off-street parking, providing practical convenience for tenants or owners after renovations.
The home is located in a commuter-friendly area, just a couple of blocks from the Northern Strand Bike Trail. Malden Center is less than a mile away, with access to the MBTA Orange Line and Commuter Rail, along with nearby restaurants, shops, and conveniences.
With its multi-level layout and flexible internal configuration, the property is well suited for investors, renovators, or owner-occupants looking to reshape the space through substantial improvements.
The home is located in a commuter-friendly area, just a couple of blocks from the Northern Strand Bike Trail. Malden Center is less than a mile away, with access to the MBTA Orange Line and Commuter Rail, along with nearby restaurants, shops, and conveniences.
With its multi-level layout and flexible internal configuration, the property is well suited for investors, renovators, or owner-occupants looking to reshape the space through substantial improvements.
Key Highlights
- Large two‑family home with three full levels, including a walk‑up third floor
- Corner lot with porch and ample off‑street parking
- Full basement
Local Financial Insights For Multifamily LT 5
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 | $79.9k | $31.80 |
| − Vacancy | −$3.9k | −$1.57 |
| EGI | $76.0k | $30.23 |
| − OpEx | −$22.8k | −$9.07 |
| NOI | $53.2k | $21.16 |
2,513 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$759.7K
$664.7K – $886.3K
NOI $53,176 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$714.3K
$625.0K – $833.3K
NOI $50,000 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,138 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Large two-family residence on a corner lot with three full levels and off-street parking, contractor special needing significant work.
Where is this duplex located?
The property is located at 69 Warren Avenue Malden, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Large two‑family home with three full levels, including a walk‑up third floor; Corner lot with porch and ample off‑street parking; Full basement
