Active Under Contract
9 Days on market
12-14 Spring Street #2 Malden — Photo 1 of 26

12-14 Spring Street #2 Malden — Photo 1 of 26

$365,000

Investment Analysis — 12-14 Spring Street #2

Malden, MA 02148

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02148 carries an estimated $2,550/mo in gross rent — about a 4.40% cap rate and $16,043/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

670

Style

Condominium

Built

1910

This 1bed/1bath is move-in ready! The condo is brimming with natural light, and the high ceilings create a sense of spaciousness. The whole unit was recently renovated, including fresh paint throughout, new flooring, new appliances, granite counters, new vanity and lighting, new shower fixtures, in-unit washer/dryer, etc. The Malden Center location is a commuter's dream, conveniently located just a half mile from the Malden T (orange line), and close to the commuter rail and local bus stops. Enjoy all that Malden center has to offer with its shops, restaurants, bike paths and parks. Easy highway access. Two deeded parking spots. Exclusive storage space in basement. A great place to call home or to hold and rent as an investment. First showings at open house Saturday, September 5th, 11:00am-1:00pm.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$365,000
Annual Taxes$4,761
HOA Fee$204.33

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningResA

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Laundromat

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Alex Rufo

Listing Office: Rufo Realty

MLS® Number: 73571497