Top-Floor Residential Income
For Sale
$539,900
72 Ashland St, Malden, MA 02148
A two-bedroom condominium features an open main living area and a galley kitchen with a breakfast counter.
Property Size1,113 SF
Price / SF$485.09
Days on Market138
Property Features for 72 Ashland St
General Information
Standard status
Active
Size
1,113 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
Range
Dishwasher
Disposal
Refrigerator
Washer
Dryer
Central Air
Wood
Carpet
Wood Laminate
Engineered Hardwood
Forced Air, Natural Gas
1.0 Story
$5,491 Taxes
Public
Built in 1889
Building Details
Year Built
1889
Year Renovated
2004
Listing Agency:
Bond Realty, Inc.
(781) 324-0600
Listed By:
Diane Chuha · License #449500848
(781) 870-1717
Source:
Donahuere
Added: May 21
Changed: Oct 3
Last Checked: Oct 4 at 6:12AM
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 Bond Realty, Inc.
Investment Insights
Based on property information with market context.
This top-floor condominium residence offers 1,113 square feet arranged in an open main living area and two bedrooms. Floating wood floors and high ceilings define the main space, while the galley kitchen includes stainless steel appliances, designer cabinetry and a breakfast counter. The primary bedroom has wall-to-wall carpeting, a walk-in closet and a private full bath. Two skylights bring natural light into the second bedroom.
The building was constructed in 1889 and converted from a schoolhouse in 2004.
The building was constructed in 1889 and converted from a schoolhouse in 2004.
Key Highlights
- 1,113 square feet of living space
- Two‑bedroom condominium on the top floor
- Converted from a schoolhouse in 2004; building dates to 1889
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,145
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,900
$442.9K
Cap Rate 7%
$316,357
$316.4K
Cap Rate 9%
$246,056
$246.1K
Market Conditions
NOI Build-Up for 1,113 SF
Gross rent
$42.5K $38.16/SF
− Vacancy
−$2.2K −$1.98/SF
EGI
$40.3K $36.18/SF
− OpEx
−$18.1K −$16.28/SF
NOI
$22.1K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,900
Cap Rate 7%
$316,357
Cap Rate 9%
$246,056
Alternative Uses
Best Use
Apartment 5plus
$316.4K
$276.8K – $369.1K
NOI $22,145 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.9K
$576.5K – $768.7K
NOI $46,122 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,332
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium features an open main living area and a galley kitchen with a breakfast counter.
Where is this residential income property located?
The property is located at 72 Ashland St Malden, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 1,113 square feet of living space; Two‑bedroom condominium on the top floor; Converted from a schoolhouse in 2004; building dates to 1889
