This two-unit value-add multifamily property is located in Malden, MA. Situated just five miles north of Boston, 374 Broadway is strategically positioned in well located, growing submarket with high upside potential. This multifamily property consists of two units across +/-3,000 GSF. Unit 1 consists of a two bedroom layout and unit 2 consists of a three bedroom layout. The property features off street parking in the rear of the building for 3 vehicles. 374 Broadway offers investors high upside potential through a value-add business plan upon acquisition. Through in-unit upgrades and common area renovations, investors can maximize their rental income. Additionally, 374 Broadway appeals to potential owner occupiers who are looking to occupy one unit for their own personal use.
Sale Statistics
Sale Overview
Original List Price:$785,000
Final Sale Price:$750,000
Difference:
$35,000 (-4.5%)
Performance Metrics
95.5%
List to Sale Ratio
Sold below asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$491
Sale $/sq ft:$469
This property sold for $469 per square foot
Sale Summary
This property sold for 4.5% below the original asking price.
With only 17 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1880
Bedrooms
5
Full Bathrooms
2
Living Area
1,600 sq ft
Total Rooms
13
Stories
3
Levels
3
Interior Features
Flooring
Tile, Vinyl, Carpet, Varies
Heating
Forced Air
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Washer, Dryer
Interior Features
Mudroom, Living Room, Kitchen
Basement Details
Interior Entry, Unfinished
Exterior & Structure
Construction Materials
See Remarks
Roof
Other
Foundation
Other
Exterior Features
Rain Gutters
Patio/Porch Features
Porch, Deck - Wood
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.11 acres
Lot Size
4,731 sq ft
Lot Size Area
0.1100
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street, Driveway, Paved
Utilities & Systems
Utilities Available
for Gas Range, for Gas Oven
Water Source
Public
Sewer
Public Sewer
Electric
Other (See Remarks)
Energy Efficient Features
Other (See Remarks)
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$1
Tax Year
2024
Tax Assessed Value
$508,600
Parcel Number
144 675 523,601080
Zoning
Res A
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Location
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Neighborhood
374 Broadway, Malden MA 02148
Malden, MA 02148
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$0
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.5%
Price Range
19
Total Days on Market
Property Timeline
✓
Sold
Jan 3, 2025
$750,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Aug 13, 2024
$785,000
Original listing
Agent: Kevin BenzingerOffice: Boston Realty Advisors
