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    Two-Family Property with Two-Car Garage Title is generated by Realmo AI

    85-87 Wolcott St, Malden, MA 02148

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    Claim this Listing
    For Sale
    $900,000

    MULTI_FAMILY - Malden, MA

    Property size:
    2,818 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $319/SF
    Added:
    Apr 28, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 17 at 4:06 am

    Property Features for 85-87 Wolcott St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Unkown
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
    Parking
    6
    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

    We can help!

    Listing Contact
    Keller Williams

    Listing agent Keller Williams

    Listing office Keller Williams Realty 1340 Centre Street, Suite 202, Newton, MA

    Listing date Apr 28, 2026

    MLS# 73508477 Listing URL

    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.

    HighLights

    • Two‑family property with year built 1900
    • Unit 85 has 3 bedrooms and hardwood floors
    • Unit 87 has 2 bedrooms and hardwood floors
    • Walk‑up attic for additional space
    • Two‑car garage included
    • Both units feature a functional layout

    Overview

    This two-family property in Malden presents a rare opportunity, featuring a two-car garage, an uncommon amenity in this market. Unit 85 includes 3 bedrooms, while Unit 87 offers 2 bedrooms, both featuring hardwood floors throughout and a functional layout. A walk-up attic provides potential for end-users, multi-generational living, and investors. The property offers an excellent opportunity for value-add improvements and long-term equity growth. It is located in the desirable Forestdale neighborhood, minutes from Malden Center, Malden High School, Oak Grove, and the MBTA Orange Line, providing convenient commuting to downtown Boston. The property size is 2818 square feet and the lot size is 0.08 acres.

    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 (±1% cap)
    NOI $59,630 @ 7.0% cap · market cap 6.63%
    Second Best
    Apartment 5plus
    $801.0K
    $700.9K – $934.5K (±1% cap)
    NOI $56,069 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Office A
    $1.67M
    $1.46M – $1.95M (±1% cap)
    NOI $116,777 @ 7.0% cap · market cap 12.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.061229
    Latitude
    42.43219

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    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 St 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: Two‑family property with year built 1900; Unit 85 has 3 bedrooms and hardwood floors; Unit 87 has 2 bedrooms and hardwood floors
    (617) 969-9000
    We can help!
    Listing Contact
    Keller Williams
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