Malden Two-Family with
85-87 Wolcott Street, Malden, MA 02148
Two-family property in Malden with a rare two-car garage.
Type:Multi-family
Property size:
2,818 SFPrice / SF:
$319/SF- Added:
- Apr 21, 2026
- Days on Market:
- 43
- Last Refresh:
- May 18 at 10:00 pm
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 office Keller Williams Realty
Listing date Apr 21, 2026
Source Benoitrealestate
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
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.
- Unit 85 has 3 bedrooms; Unit 87 has 2 bedrooms, both with hardwood floors.
- Walk‑up attic offers potential for value‑add improvements.
- Suitable for end‑users, multi‑generational living, or investors.
Overview
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.
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.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0612452
- Latitude
- 42.4321875
Nearby Similar for Sale
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.
