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43-45 Medford St, Malden MA 02148

$699,900

Estimated $1,697.21/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,950

Total Rent: 24000/year

Estimated CAP Rate: 2.46%

6 Bedrooms

2 Full Baths

2,693 SqFt

Total Parking: 2

3,241 SqFt

Welcome to 43-45 Medford Street, a versatile two-family property that offers an extraordinary opportunity for owner occupants or investors. Located in the convenient Bell Rock Neighborhood of Malden that is near shopping, some exceptional restaurants, cafés and breweries, Bell Rock Memorial Park and within a mile to downtown Malden/The Orange Line. Unit 1 has 5 rooms/2 bedrooms. One room in the basement offers potential to finish and add living space to unit 1. Unit 2 has 7 rooms/4 bedrooms and is situated on the second and third floors and has some potential to expand into the unfinished attic. Both units are bright and sunny with hardwood floors, high ceilings, eat in kitchens and semi-updated bathrooms. Oil tanks are a few years old. Driveway offers parking for 2 + cars, and a cozy backyard with a shed. A fantastic property with tons of upside. You won’t want to miss it.

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 4:56am (Source: MLS PIN #73087851)

Gross Income: $24,000

Gross Expenses: $6,748

Net Income Calc: $17,252

CAP Rate: 2.46%

Annual Expenses for 43-45 Medford St, Malden MA 02148

Total Gross Expenses (Calculated)$6,748/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,748

Annual Income & Unit Breakdown for 43-45 Medford St, Malden MA 02148

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$2,000

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 43-45 Medford St, Malden MA 02148

Listing ID73087851

Property TypeMulti Family

Price$699,900 ($259.9/SqFt)

StyleMulti Family

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,693 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking2

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area99999

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 43-45 Medford St, Malden MA 02148

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$24,000

Total Net Income By Broker$24,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 43-45 Medford St, Malden MA 02148

Real Estate Taxes$6,748

Tax Year2022

Assessed Value$546,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$24,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.46%

Location Information for 43-45 Medford St, Malden MA 02148

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Public Transportation

Contact Information for 43-45 Medford St, Malden MA 02148

Agent

Name: Mike Cohen

Office

Name: Compass

Phone: 617-303-0067

Payment Calculator

, Interest

Property Taxes 562.33

Principal & Interest 4312.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Mike Cohen

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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[21] => Array
                (
                    [id] => 7283883
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[22] => Array
                (
                    [id] => 7283884
                    [name] => MLS23.jpg
                    [type] => gallery
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                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[23] => Array
                (
                    [id] => 7283885
                    [name] => MLS24.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[24] => Array
                (
                    [id] => 7283886
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[25] => Array
                (
                    [id] => 7283887
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[26] => Array
                (
                    [id] => 7283888
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[27] => Array
                (
                    [id] => 7283889
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[28] => Array
                (
                    [id] => 7283890
                    [name] => MLS29.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73087851&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[29] => Array
                (
                    [id] => 7283891
                    [name] => MLS30.jpg
                    [type] => gallery
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                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

[30] => Array
                (
                    [id] => 7283892
                    [name] => MLS31.jpg
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                    [index] => 31
                    [enabled] => 1
                    [created] => 2024-05-07 04:56:12
                    [modified] => 2024-05-07 04:56:12
                )

)

)

EXIT