Three-Unit Residential Income
8-10 Rockwell Terrace Malden, MA 02148
8-10 Rockwell Terrace, Malden, MA, 02148
$1,150,000
For Sale
$1,150,000
Three separately metered units with off-street parking for six cars and in-building laundry, plus detached garage.
Property Size3,675 SF
Price / SF$312.93
Days on Market95
Property Features for 8-10 Rockwell Terrace
General Information
- Standard status
- Active
- Size
- 3,675 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Blue Ocean Realty,LLC
Listed by
Rose Hall
(781) 944-6300
Source
Colonialmanorrealty
Added: Apr 18 Updated: Jul 21 at 4:31PM Checked: Jul 21 at 4:31PM
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 Blue Ocean Realty,LLC
Investment Insights
Based on property information with market context.
This three-unit residential income property features two separately metered two-bedroom, one-bath units and one separately metered one-bedroom, one-bath unit. The building includes in-building laundry in the basement, along with a bonus finished space that has a full bathroom.
Unit interiors include stainless steel appliances and quartz countertops, recessed lighting, and high ceilings in one unit, plus a private sunroom for another. The third-floor unit offers a renovated kitchen with stainless steel appliances and quartz countertops, and also includes a private deck. Off-street parking is available for six cars, and there is a detached two-car garage.
Located downtown in Malden, the property is convenient to public transportation near the MBTA Orange Line at Malden Center, with nearby bus stops and easy access to Route 1 (Broadway).
Unit interiors include stainless steel appliances and quartz countertops, recessed lighting, and high ceilings in one unit, plus a private sunroom for another. The third-floor unit offers a renovated kitchen with stainless steel appliances and quartz countertops, and also includes a private deck. Off-street parking is available for six cars, and there is a detached two-car garage.
Located downtown in Malden, the property is convenient to public transportation near the MBTA Orange Line at Malden Center, with nearby bus stops and easy access to Route 1 (Broadway).
Key Highlights
- Large three‑family in downtown Malden with off‑street parking for six cars plus a detached 2‑car garage
- Three separately metered units: (2) 2 bed/1 bath and (1) 1 bed/1 bath
- Unit 1 (1st floor) updated with stainless steel appliances, quartz countertops, recessed lighting, high ceilings, and ample storage
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 | $116.9k | $31.80 |
| − Vacancy | −$5.8k | −$1.57 |
| EGI | $111.1k | $30.23 |
| − OpEx | −$33.3k | −$9.07 |
| NOI | $77.8k | $21.16 |
3,675 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.1K – $1.30M
NOI $77,764 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$1.04M
$914.0K – $1.22M
NOI $73,120 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,291 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separately metered units with off-street parking for six cars and in-building laundry, plus detached garage.
Where is this triplex located?
The property is located at 8-10 Rockwell Terrace Malden, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Large three‑family in downtown Malden with off‑street parking for six cars plus a detached 2‑car garage; Three separately metered units: (2) 2 bed/1 bath and (1) 1 bed/1 bath; Unit 1 (1st floor) updated with stainless steel appliances, quartz countertops, recessed lighting, high ceilings, and ample storage
