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69-71 Cedar St
Malden, MA 02148
Multifamily Property For Sale
·
12 Units
Executive Summary
69–71 Cedar Street is a 12-unit multifamily investment property located in Malden, Malden, a rapidly growing inner-core Boston submarket benefiting from strong transit-oriented development, dense population fundamentals, and ongoing public and private reinvestment. As a designated MassDevelopment Transformative Development Initiative (TDI) district, Malden continues to strengthen its position as a high-demand Gateway City with sustained rental growth and long-term appreciation potential.
The city is a key residential hub just five miles north of Downtown Boston, offering direct access via the MBTA Orange Line and commuter rail from Malden Center. This connectivity has made Malden a preferred alternative for renters priced out of Boston and Cambridge, supporting consistently strong occupancy and rental demand.
The property consists of approximately 8,454 SF of gross area and 5,996 SF of rentable space, situated on a 7,697 SF lot. It is a three-story vinyl-sided building originally constructed in 1925 and configured as 12 total units, including 6 studio units and 6 one-bedroom-style studio units as reflected in the rent roll. The property includes off-street parking for 5 vehicles, with 4 parking spaces currently assigned to select units.
Located just a 5-minute walk from Malden Center Station, the property offers exceptional transit access, including direct Orange Line and commuter rail service into Downtown Boston. The site also benefits from a Walk Score of 91, reflecting strong walkability to retail, dining, and neighborhood amenities.
Malden continues to experience tight vacancy conditions and steady rent growth, driven by limited housing supply, rezoning initiatives, and continued infrastructure investment along key corridors. With its strong transit access, dense renter base, and institutional growth drivers, 69–71 Cedar Street represents a stable, income-producing multifamily asset with long-term upside in one of Greater Boston’s most active submarkets.
The city is a key residential hub just five miles north of Downtown Boston, offering direct access via the MBTA Orange Line and commuter rail from Malden Center. This connectivity has made Malden a preferred alternative for renters priced out of Boston and Cambridge, supporting consistently strong occupancy and rental demand.
The property consists of approximately 8,454 SF of gross area and 5,996 SF of rentable space, situated on a 7,697 SF lot. It is a three-story vinyl-sided building originally constructed in 1925 and configured as 12 total units, including 6 studio units and 6 one-bedroom-style studio units as reflected in the rent roll. The property includes off-street parking for 5 vehicles, with 4 parking spaces currently assigned to select units.
Located just a 5-minute walk from Malden Center Station, the property offers exceptional transit access, including direct Orange Line and commuter rail service into Downtown Boston. The site also benefits from a Walk Score of 91, reflecting strong walkability to retail, dining, and neighborhood amenities.
Malden continues to experience tight vacancy conditions and steady rent growth, driven by limited housing supply, rezoning initiatives, and continued infrastructure investment along key corridors. With its strong transit access, dense renter base, and institutional growth drivers, 69–71 Cedar Street represents a stable, income-producing multifamily asset with long-term upside in one of Greater Boston’s most active submarkets.
Property Facts
| Price Per Unit | $249,917 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.52% | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 12.59 | Building Size | 8,638 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RESA | ||
| Price Per Unit | $249,917 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Gross Rent Multiplier | 12.59 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,638 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | RESA |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,813 | - |
| Studios | 6 | $1,625 | - |
Property Taxes
| Parcel Number | MALD-000020-000120-000004 | Improvements Assessment | $1,339,900 |
| Land Assessment | $840,000 | Total Assessment | $2,179,900 |
Property Taxes
Parcel Number
MALD-000020-000120-000004
Land Assessment
$840,000
Improvements Assessment
$1,339,900
Total Assessment
$2,179,900
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