Renovated Two-Unit
New
For Sale
$859,000
73 West St, Malden, MA 02148
Both homes are vacant, with a one-bedroom lower unit and a four-bedroom residence occupying the upper floors.
Property Size2,200 SF
Price / SF$390.45
Days on Market4
Property Features for 73 West St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Amenities
rear porch
ceiling fans
TV mounting brackets
stackable washer and dryer
private backyard
Building Details
Building Size
2,200 SF
Year Built
1900
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:34PM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
At 73 West St in Malden, this two-unit duplex has a one-bedroom, one-bathroom lower residence and a four-bedroom upper residence spanning the second and third floors. The upper home includes a kitchen, separate dining area, living room, and rear porch. A stackable washer and dryer and refrigerator are included. Renovated interiors feature fresh paint, ceiling fans, and updated bathrooms; the kitchen has updated cabinetry. Both units are vacant.
Exterior features include aluminum siding, a private backyard, and landscaped grounds. The property also has a basement and a newer water tank. The upper unit’s arrangement places its kitchen, dining area, living room, and one bedroom on the second floor, with three additional bedrooms on the third floor.
Exterior features include aluminum siding, a private backyard, and landscaped grounds. The property also has a basement and a newer water tank. The upper unit’s arrangement places its kitchen, dining area, living room, and one bedroom on the second floor, with three additional bedrooms on the third floor.
Key Highlights
- Two vacant units: one‑bedroom, one‑bath lower home and four‑bedroom upper home
- Upper residence spans the second and third floors
- Updated kitchen with cabinetry, dining area, refrigerator, and stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,553
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,060
$931.1K
Cap Rate 7%
$665,043
$665.0K
Cap Rate 9%
$517,256
$517.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$70.0K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$66.5K $30.23/SF
− OpEx
−$20.0K −$9.07/SF
NOI
$46.6K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,060
Cap Rate 7%
$665,043
Cap Rate 9%
$517,256
Alternative Uses
Best Use
Multifamily LT 5
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,339
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both homes are vacant, with a one-bedroom lower unit and a four-bedroom residence occupying the upper floors.
Where is this duplex located?
The property is located at 73 West St Malden, MA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Two vacant units: one‑bedroom, one‑bath lower home and four‑bedroom upper home; Upper residence spans the second and third floors; Updated kitchen with cabinetry, dining area, refrigerator, and stackable washer and dryer
