Active
67 Days on market
513-515 Cross St Malden — Photo 1 of 32

513-515 Cross St Malden — Photo 1 of 32

$850,000

Investment Analysis — 513-515 Cross St

Malden, MA 02148

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02148 carries an estimated $6,180/mo in gross rent — about a 5.55% cap rate and $47,155/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3

SqFt

2,662

Style

Multi Family

Built

1900

Opportunity awaits in this two-family home in Malden! Ideal for investors, builders, developers, or cash buyers, this property offers the chance to renovate and add value. The kitchens in both units and two of the three bathrooms have already been gutted, providing a blank canvas for your vision. The first-floor unit features 1-2 bedrooms, 1 full bath, high ceilings, and abundant natural light through oversized living and dining room windows. The upper unit spans the second and third floors and offers 3 bedrooms and 2 full baths. A spacious backyard presents potential for an accessory dwelling unit (ADU), subject to municipal approval, creating additional income possibilities. Conveniently located near Eastern Avenue with easy access to shopping, dining, public transportation, and major routes. Bring your ideas and unlock this property's potential!

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 MLS and other third-party data may be inaccurate or out of date.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$850,000
Annual Taxes$9,207

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningResA

Property & Lot

Acres0.18
SqFt Lot7,985
Lot FeaturesGentle Sloping

Geography

Listing Provided By

Listing Agent: Mark Hutchinson

Listing Office: Brad Hutchinson Real Estate

MLS® Number: 73546471