Malden Two-Family with
85-87 Wolcott Street Malden, MA 02148
85-87 Wolcott Street, Malden, MA, 02148
$900,000
For Sale
$900,000
Two-family property in Malden with a rare two-car garage.
Property Size2,818 SF
Price / SF$319.38
Days on Market131
Property Features for 85-87 Wolcott Street
General Information
- Standard status
- Active
- Size
- 2,818 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
Listed by
Wilson Group
(617) 750-6378
Source
Benoitrealestate
Added: Mar 8 Checked: Jul 16 at 1:35 pm
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-family property is located in the Forestdale neighborhood of Malden. Unit 85 features 3 bedrooms, while Unit 87 offers 2 bedrooms. Both units have hardwood floors throughout and a functional layout. A walk-up attic provides potential for end-users, multi-generational living, and investors. The property includes a two-car garage. The property is conveniently located minutes from Malden Center, Malden High School, Oak Grove, and the MBTA Orange Line, providing access to downtown Boston. The building offers an opportunity for value-add improvements and long-term equity growth. The property has a size of 2818 square feet.
Key Highlights
- Rare two‑family property with a two‑car garage.
- Located in the desirable Forestdale neighborhood, near Malden Center.
- Convenient access to the MBTA Orange Line for commuting to Boston.
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 | $89.6k | $31.80 |
| − Vacancy | −$4.4k | −$1.57 |
| EGI | $85.2k | $30.23 |
| − OpEx | −$25.6k | −$9.07 |
| NOI | $59.6k | $21.16 |
2,818 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$851.9K
$745.4K – $993.8K
NOI $59,630 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$801.0K
$700.9K – $934.5K
NOI $56,069 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,777 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property in Malden with a rare two-car garage.
Where is this duplex located?
The property is located at 85-87 Wolcott Street Malden, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Rare two‑family property with a **two‑car garage**.; Located in the desirable Forestdale neighborhood, near Malden Center.; Convenient access to the MBTA Orange Line for commuting to Boston.
