Renovated 3-Unit
New
For Sale
$1,325,000
7 Malta St, Hull, MA 02045
Separate utilities and in-unit laundry serve all three residences, with decks at two units and a garage on site.
Property Size2,605 SF
Price / SF$508.64
Days on Market2
Property Features for 7 Malta St
General Information
Standard status
Active
Size
2,605 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
MFA
Taxes and HOA fees
Annual Taxes
$6,580
Amenities
Living Room
Kitchen
Laundry Room
Outdoor Shower
Building Details
Building Size
2,605 SF
Year Built
1890
Stories
3
Units
3
Listing Agency:
McCarthy & Gratta RE
Listed By:
Brian S. McCarthy
(781) 925-6500
Source:
Kimballproperty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 12:29AM
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 McCarthy & Gratta RE
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Investment Insights
Based on property information with market context.
This 2,605-square-foot triplex, built in 1890, has three residences renovated throughout, including kitchens and bathrooms. Each unit has its own utilities, heating, washer and dryer. Two apartments have front and rear decks, while the third-floor unit offers distant ocean views. The property also includes a garage and an outdoor shower.
The building is a 2–3 minute walk from Nantasket Beach and within walking distance of restaurants and the Kenberma main shopping district. Train and ferry service to the city are a short drive away.
The building is a 2–3 minute walk from Nantasket Beach and within walking distance of restaurants and the Kenberma main shopping district. Train and ferry service to the city are a short drive away.
Key Highlights
- Three units with separate utilities and individual heating
- Renovations include kitchens, bathrooms, plumbing and electrical systems
- In‑unit washer and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,025
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,500
$880.5K
Cap Rate 7%
$628,929
$628.9K
Cap Rate 9%
$489,167
$489.2K
Market Conditions
NOI Build-Up for 2,605 SF
Gross rent
$66.4K $25.50/SF
− Vacancy
−$3.5K −$1.36/SF
EGI
$62.9K $24.14/SF
− OpEx
−$18.9K −$7.24/SF
NOI
$44.0K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,500
Cap Rate 7%
$628,929
Cap Rate 9%
$489,167
Alternative Uses
Best Use
Multifamily LT 5
$628.9K
$550.3K – $733.8K
NOI $44,025 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$579.6K
$507.2K – $676.3K
NOI $40,575 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,951 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
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Business Placement
Demographics for 02045, MA
10,072
Population
5,733
Households
1.8
Avg Household Size
54
Median Age
52%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
3,730
Density / Sq Mi
$127,112
Median Household Income
$63,327
Median Earnings
$1,885
Median Rent
$606,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities and in-unit laundry serve all three residences, with decks at two units and a garage on site.
Where is this triplex located?
The property is located at 7 Malta St Hull, MA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Three units with separate utilities and individual heating; Renovations include kitchens, bathrooms, plumbing and electrical systems; In‑unit washer and dryer in each residence
