183 Madison St #2 Malden — Photo 1 of 23
$729,000
Investment Analysis — 183 Madison St #2
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02148 carries an estimated $3,630/mo in gross rent — about a 2.93% cap rate and $21,358/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,704
Style
Condominium
Built
1900
Taken down to the studs in a full gut renovation, this brand-new three-bedroom, two-bathroom condominium pairs classic New England character with all-new systems and finishes in a well-connected Malden neighborhood. Set over two upper levels, Unit 2 offers a brand-new kitchen, two full baths, hardwood and tile flooring, in-unit laundry, and two-zone heating and cooling. An expansive master suite and an upper-level flex room, suited to a home office, playroom, or den, complete the layout! The unit enjoys off-street parking, with the tandem parking spaces belonging solely to Unit 2. Frame construction with vinyl exterior and asphalt shingle roof, set on a corner lot with a newly finished driveway. Close to the MBTA Orange Line, Route 1, shopping, parks, and Encore Boston Harbor, with quick access to downtown Boston. Move-in ready, a strong fit for a buyer seeking new-construction quality in an established location. Buyer and buyer's agent to verify all room counts, square footage, and unit configuration.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second16.666666666 x 18.333333333
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting
Kitchen
Lvl Second14.333333333 x 17.25
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant
Office
Lvl Third11.5 x 16
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Master Bedroom
Lvl Third26.333333333 x 14.25
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Bedroom 2
Lvl Second11.75 x 12.416666666
Bedroom 3
Lvl Second11.75 x 12.666666666
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Bathroom 1
Lvl Second10.583333333 x 8.5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Recessed Lighting, Remodeled
Bathroom 2
Lvl Third8.416666666 x 10.083333333
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Double Vanity, Recessed Lighting, Remodeled
Listing Agent: Reserve Team
Listing Office: Reference Real Estate
MLS® Number: 73567997