Two-Family Residence with Two-Car
For Sale
$850,000
85-87 Wolcott St, Malden, MA 02148
MULTI_FAMILY - Malden, MA
Property Size2,818 SF
Lot Size0.08 Acres
Price / SF$301.63
Days on Market96
Property Features for 85-87 Wolcott St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Unkown
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking
6
Elementary school
Salemwood
Middle school
Salemwood
High school
Malden High School
Directions
Mt. Vernon Street. Right on Starbird Street. Right on Wolcott Street.
Subdivision
Forestdale
Standard status
Active
APN
597604
Size
2,818 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9578
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty
(617) 969-9000
Listed By:
Keller Williams
(617) 969-9000
Added: Apr 28
Changed: Jul 29
Last Checked: Aug 1 at 10:06AM
MLS# 73508477
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex is offered for sale as a single property containing two residential units at 85–87 Wolcott St in Malden. Unit 85 features three bedrooms, while Unit 87 offers two bedrooms. Both units include hardwood floors and a functional layout, and the property also has a walk-up attic.
The home includes a two-car garage. The listing describes the property as being convenient to multiple Malden destinations and the MBTA Orange Line, supporting commuting to downtown Boston.
With two separate unit configurations, the property provides an end-user or investor with flexibility, while the walk-up attic and in-unit hardwood flooring add practical residential utility.
The home includes a two-car garage. The listing describes the property as being convenient to multiple Malden destinations and the MBTA Orange Line, supporting commuting to downtown Boston.
With two separate unit configurations, the property provides an end-user or investor with flexibility, while the walk-up attic and in-unit hardwood flooring add practical residential utility.
Key Highlights
- Two‑family property built in 1900 with 2‑car garage
- Unit 85: 3 bedrooms and 1 bathroom with hardwood floors
- Unit 87: 2 bedrooms and 1 bathroom with hardwood floors
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 7.02%
Second Best
Apartment 5plus
$801.0K
$700.9K – $934.5K
NOI $56,069 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,777 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,928
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex in Malden offers separate bedroom configurations, hardwood floors, and a walk-up attic.
Where is this duplex located?
The property is located at 85-87 Wolcott St Malden, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family property built in 1900 with 2‑car garage; Unit 85: 3 bedrooms and 1 bathroom with hardwood floors; Unit 87: 2 bedrooms and 1 bathroom with hardwood floors
