Two-Unit Residential Income
84-86 Wentworth Street Malden, MA 02148
84-86 Wentworth Street, Malden, MA, 02148
$1,199,000
For Sale
$1,199,000
Two-family house with two occupied upper units and a renovated first unit, offering updated kitchens and hardwood flooring.
Property Size2,322 SF
Price / SF$516.37
Days on Market26
Property Features for 84-86 Wentworth Street
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
WINN Real Estate & Consulting
(617) 306-0648
Listed by
Weidong Li · License #9572343
(617) 306-0648
Source
Compass
Added: Jun 28 Updated: Jul 21 at 1:12PM Checked: Jul 22 at 8:35AM
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 WINN Real Estate & Consulting
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units within a 2-family house configuration. The first unit features 2 bedrooms and 1 full bath, with hardwood flooring throughout and tile in the kitchen and bathroom. The second unit is configured with 4 bedrooms and 2 full baths. Both units include updated kitchens and hardwood floors throughout, with renovations completed in recent years. The second and third floors are currently rented and were de-leaded last year. The first unit was just renovated and is ready for rental occupancy or owner occupancy.
The property is located on Wentworth Street in Malden, described as being in a quiet neighborhood. The remarks note close proximity to the Orange Line T Station (0.6 miles), as well as commute rail, schools, shopping centers, and Route 93.
The property is located on Wentworth Street in Malden, described as being in a quiet neighborhood. The remarks note close proximity to the Orange Line T Station (0.6 miles), as well as commute rail, schools, shopping centers, and Route 93.
Key Highlights
- 2‑family house with 3 bedrooms 3 total baths: 1st unit has 2 beds and 1 full bath; 2nd unit has 4 beds and 2 full baths
- Both upper units (2nd and 3rd floors) are currently rented; second unit was just de‑leaded last year
- Renovated 1st unit is ready for owner occupancy or rental use
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 | $73.8k | $31.80 |
| − Vacancy | −$3.6k | −$1.57 |
| EGI | $70.2k | $30.23 |
| − OpEx | −$21.1k | −$9.07 |
| NOI | $49.1k | $21.16 |
2,322 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$701.9K
$614.2K – $818.9K
NOI $49,134 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,223 @ 7.0% cap · market cap 8.03%
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 - Two-family house with two occupied upper units and a renovated first unit, offering updated kitchens and hardwood flooring.
Where is this duplex located?
The property is located at 84-86 Wentworth Street Malden, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2‑family house with 3 bedrooms 3 total baths: 1st unit has 2 beds and 1 full bath; 2nd unit has 4 beds and 2 full baths; Both upper units (2nd and 3rd floors) are currently rented; second unit was just de‑leaded last year; Renovated 1st unit is ready for owner occupancy or rental use
