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95 Medford St 6 Unit Apartment Building $2,200,000 ($366,667/Unit) 6.64% Cap Rate Malden, MA 02148
Investment Highlights
- Superb Location
- Public transit access
- Large floor plans
Executive Summary
Conveniently located 6-unit multi-family asset for sale in Malden with value-add potential. The property is situated on the Malden/Everett line about 1 mile distance from Malden Center. The three-story structure contains expansive square footage, consisting of five (5) residential apartments and one (1) commercial space. 18 bedrooms total. Featuring off-street parking and public transportation access, while being close in proximity to I-93, Route 1 and Routes 16/28. MBTA Orange Line and MBTA Commuter Rail rapid transit is approximately 1 mile from the location. Boston City limits are only 5 miles away. 91-95 Medford Street represents a compelling acquisition opportunity for investors seeking a significant presence within a desirable trade area.
Property Facts
| Price | $2,200,000 | Building Class | C |
| Price Per Unit | $366,667 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 11,648 SF |
| Cap Rate | 6.64% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2019 |
| Property Subtype | Apartment | Parking Ratio | 0.52/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Res A - Residential | ||
| Price | $2,200,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 11,648 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2019 |
| Parking Ratio | 0.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Res A - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Porch
- Vinyl Flooring
Site Amenities
- Controlled Access
- Security System
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | MALD-000066-000304-000407 | Improvements Assessment | $1,275,600 |
| Land Assessment | $230,000 | Total Assessment | $1,505,600 |
Property Taxes
Parcel Number
MALD-000066-000304-000407
Land Assessment
$230,000
Improvements Assessment
$1,275,600
Total Assessment
$1,505,600
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95 Medford St