Mixed-Use Income
697-705 Salem Street Malden, MA 02148
697-705 Salem Street, Malden, MA, 02148
$1,299,900
For Sale
$1,299,900
Four-unit commercial building plus a two-family home on one lot at 697–705 Salem Street, with group showings only.
Property Size7,000 SF
Price / SF$185.70
Days on Market156
Property Features for 697-705 Salem Street
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Waltham
Listed by
Dave DiGregorio
(617) 696-6100
Source
Kelleyrege
Added: Feb 16 Updated: Jul 21 at 5:34PM Checked: Jul 22 at 7:48AM
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 Coldwell Banker Realty - Waltham
Investment Insights
Based on property information with market context.
This offering combines a four-unit commercial building with a two-family home on a single lot. The property is presented as a mixed-use income asset, with the residential portion noted as requiring major TLC.
The commercial building is located at 697–705 Salem Street in Malden, MA 02148, and the remarks describe it as positioned on a high-traffic, high-visibility corridor.
Group showings only.
The commercial building is located at 697–705 Salem Street in Malden, MA 02148, and the remarks describe it as positioned on a high-traffic, high-visibility corridor.
Group showings only.
Key Highlights
- Four‑unit commercial building plus a two‑family home on one lot at 697–705 Salem Street
- Year built: 1900
- Includes both a commercial building on Salem Street and a separate two‑family home on the same property
Local Financial Insights For Retail
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 | $153.7k | $21.96 |
| − Vacancy | −$10.0k | −$1.43 |
| EGI | $143.7k | $20.53 |
| − OpEx | −$43.1k | −$6.16 |
| NOI | $100.6k | $14.37 |
7,000 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.12M
$1.85M – $2.47M
NOI $148,122 @ 7.0% cap · market cap 11.39%
Second Best
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,276 @ 7.0% cap · market cap 10.71%
Theoretical Best
Office A
$4.14M
$3.63M – $4.83M
NOI $290,078 @ 7.0% cap · market cap 22.32%
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 - Four-unit commercial building plus a two-family home on one lot at 697–705 Salem Street, with group showings only.
Where is this duplex located?
The property is located at 697-705 Salem Street Malden, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Four‑unit commercial building plus a two‑family home on one lot at 697–705 Salem Street; Year built: 1900; Includes both a commercial building on Salem Street and a separate two‑family home on the same property
