
271 Lebanon St Malden — Photo 1 of 30
$950,000
Investment Analysis — 271 Lebanon St
Malden, MA 02148 — Maplewood
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 2.35% cap rate and $22,328/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3.5
SqFt
2,400
Style
Single Family
Built
2016
This spacious 2,400sf Contemporary home combines a bright, open floor plan. The main level features hardwood floors and an expansive living room that flows easily into the dining area and well-appointed kitchen with stone countertops, stainless steel appliances, gas cooking and tons of cabinets. From the dining area, step directly onto the deck overlooking a large, level, fully fenced yard—an exceptional outdoor space for entertaining, gardening, play or simply relaxing - complete with basketball court and shed. There is also a convenient powder room on the main level. Upstairs, the generous primary suite features hardwood floors, a walk-in closet and private bath with large tiled shower. Two additional bedrooms, another full bath and conveniently located second-floor laundry complete this level.The beautifully finished lower level significantly expands the home’s versatility. A comfortable family room with fireplace and custom built-ins creates the perfect space for movie nights or casual entertaining, while a home office, bonus room and full bath offer numerous possibilities for guests, extended family, working from home, a gym or hobby space. Additional features include Central Air, three heating and cooling zones, recessed lighting, insulated windows and doors, and three off-street parking spaces. Since buying in 2017, the owners have made many updates including fencing in the yard, landscaping, new water heater, dishwasher and microwave as well as finished basement complete with bathroom and gas fireplace. Conveniently located in Malden’s Maplewood neighborhood with access to parks, schools, Northern Strand trail, downtown shops and restaurants. Convenient to public transportation (106 bus, subway, and commuter rail), this move-in-ready home offers an impressive combination of space, condition, outdoor living and flexibility.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,400 sq ft principal dwelling). Lot size: 8,102 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First23 x 16
Flooring - Hardwood, Exterior Access, Recessed Lighting
Dining Room
Lvl Main,First12 x 11
Flooring - Hardwood, Deck - Exterior, Exterior Access, Lighting - Pendant
Kitchen
Lvl Main,First12 x 12
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Office
Lvl Basement10 x 10
Flooring - Laminate, Recessed Lighting
Family Room
Lvl Basement23 x 15
Closet, Closet/Cabinets - Custom Built, Flooring - Vinyl, Recessed Lighting
Master Bedroom
Lvl Second15 x 13
Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second12 x 11
Bedroom 3
Lvl Second12 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First6 x 5
Bathroom - Half
Bathroom 2
Lvl Second11 x 10
Bathroom - Full, Bathroom - With Shower Stall, Recessed Lighting
Bathroom 3
Lvl Second8 x 7
Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting
Listing Agent: Michelle J. Lane
Listing Office: Michelle Lane Real Estate
MLS® Number: 73575613