For Sale
$536,000

363 BroadwayMalden, MA 02148

Two-unit apartment building, high rental demand.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional value-add investment opportunity presents a two-unit apartment building situated at 363 Broadway, Malden, MA 02148. The property, built in 1900, encompasses approximately 5,000 square feet on a 3,000 square foot lot and features two stories. The net rentable area totals 2,000 square feet. Currently, the occupancy rate is 50%, with one unit occupied and one vacant. Each unit offers a two-bedroom, one-bathroom layout, and shared laundry facilities are conveniently located in the basement. The asking price is $536,000. Note that this property is subject to an affordable housing restriction until 2039

Highlights

  • Significant Value-Add Potential
  • Prime Location near Downtown Boston
  • Benefitting from Robust New Development in the Area

Property Details for 363 Broadway

Property type
Apartment buildings
Square Feet
5,000 SF
Year Built
1900
Buildings
1
Stories
2
Units
2

Location Insight

City
Malden
County
Middlesex
State
Massachusetts
Latitude
42.435273318183
Longitude
-71.038343236019
363 Broadway, Malden, Massachusetts

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, high rental demand.
Where is the apartment building located?
The property is located at 363 Broadway Malden, MA.
What is the asking price?
The asking price for this property is $536,000.
What are key features of this property?
This property features: Significant Value-Add Potential; Prime Location near Downtown Boston; Benefitting from Robust New Development in the Area
How can I contact the broker?
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363 Broadway
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