Two-Family Residential Income
93-95 Faulkner Street Malden, MA 02148
93-95 Faulkner Street, Malden, MA, 02148
$1,195,000
For Sale
$1,195,000
Well-kept two-family home with two separate units, each offering in-unit laundry and multiple living and dining spaces.
Property Size3,174 SF
Price / SF$376.50
Days on Market104
Property Features for 93-95 Faulkner Street
General Information
- Standard status
- Active
- Size
- 3,174 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1925
Listing agency
Realty Executives
(617) 923-7778
Listed by
Ari Koufos · License #9056955
(617) 923-7778
Source
Compass
Added: Apr 9 Updated: Jul 20 at 9:28PM Checked: Jul 21 at 8:37AM
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 Realty Executives
Investment Insights
Based on property information with market context.
This two-family residential income property presents a 3,100+ square foot, owner-ready home in immaculate condition. The first unit features three bedrooms and two bathrooms, along with a living room, formal dining room, eat-in kitchen, and in-unit laundry. Hardwood floors are noted throughout. The second floor offers three bedrooms, a bright living room and dining room, and an updated kitchen with granite counters, plus in-unit laundry. A walk-up unfinished attic is also included and may allow for future ADU development.
Each unit has its own heating system, with the first unit described as having a new wall-mount gas-fired furnace and circuit breaker panel, and the second floor described as having a forced hot air gas furnace with updated electric. Off-street parking includes a 2-car garage and 3 additional parking spaces.
The property is described as conveniently located near Malden Center for commuters using the train station, with access to the Northern Strand bike and walking trail and nearby shopping and restaurants.
Each unit has its own heating system, with the first unit described as having a new wall-mount gas-fired furnace and circuit breaker panel, and the second floor described as having a forced hot air gas furnace with updated electric. Off-street parking includes a 2-car garage and 3 additional parking spaces.
The property is described as conveniently located near Malden Center for commuters using the train station, with access to the Northern Strand bike and walking trail and nearby shopping and restaurants.
Key Highlights
- Two‑family home with 3100+ SF, featuring two separate units with in‑unit laundry and multiple living and dining spaces
- First unit: 3 bedrooms, 2 bathrooms, living room and formal dining room, eat‑in kitchen, in‑unit laundry; new wall mount gas‑fired furnace
- Second unit: updated kitchen with granite counters, 3 bedrooms, living room and dining room; in‑unit laundry; forced hot air gas furnace with updated electric
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 | $100.9k | $31.80 |
| − Vacancy | −$5.0k | −$1.57 |
| EGI | $95.9k | $30.23 |
| − OpEx | −$28.8k | −$9.07 |
| NOI | $67.2k | $21.16 |
3,174 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$959.5K
$839.5K – $1.12M
NOI $67,163 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$902.2K
$789.4K – $1.05M
NOI $63,152 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,530 @ 7.0% cap · market cap 11.01%
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 - Well-kept two-family home with two separate units, each offering in-unit laundry and multiple living and dining spaces.
Where is this duplex located?
The property is located at 93-95 Faulkner Street Malden, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑family home with 3100+ SF, featuring two separate units with in‑unit laundry and multiple living and dining spaces; First unit: 3 bedrooms, 2 bathrooms, living room and formal dining room, eat‑in kitchen, in‑unit laundry; new wall mount gas‑fired furnace; Second unit: updated kitchen with granite counters, 3 bedrooms, living room and dining room; in‑unit laundry; forced hot air gas furnace with updated electric
