$449,000
●
Condo -
Off Market
87 Cedar St #10
Malden, MA 02148
2 Beds
1 Bath
$449,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model
About This Property
Experience urban living at its finest at 87 Cedar Street Unit 10.
Nestled in Malden's prime neighborhood, steps from the T and
downtown, this top-floor, 2-bedroom condo offers the ideal
investment opportunity. The unit boasts a recently renovated
interior, featuring a luxury tile bath, a modern kitchen with
quartz countertops, new stainless appliances, and sleek tile
accents. Gleaming hardwood floors lend an air of elegance to the
spacious living area. Tenants currently occupy the condo with a
lease that ends 8/31/2024, making this a perfect turn-key
investment. Ideal for a cash buyer seeking a seamless addition to
their portfolio.The pet-friendly building includes laundry
facilities, a storage unit and a valuable deeded off-street parking
spot. Don't miss out on this rare opportunity in the heart of
Malden!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$336
HOA Dues
$322
Year Built
-
Payment Calculator
Home Price
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%
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Interest %
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income
Per Year
Expenses
Per Year
Operating Profit
Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Last updated: 12 months ago (MLSPIN #73142790)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Sep 19, 2023 | Price Increased |
$449,000
↑ $19K
(4.4%)
|
|
| Price Increased | |||
| Aug 7, 2023 | Price Increased |
$430,000
↑ $31K
(7.8%)
|
|
| Price Increased | |||
| Jul 31, 2023 | Listed by Upright Realty Group LLC | $399,000 | |
| Listed by Upright Realty Group LLC | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Assigned, Deeded, Paved
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Utility Connections for Electric Range
Flooring Type: Wood, Tile
Laundry Features: Common Area, In Building
Rooms: 4
Basement: N
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Garden, Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: ResA
Parcel Number: M:020 B:119 L:90110, 592166
Water Source: Public
Financial Details
Tax Assessed Value: $330,400
Tax Annual Amount: $4,028
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Snow Removal, Trash
HOA/Condo/Coop Amenities: Laundry
HOA Fee: $322
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station
Management: Owner Association
87 Cedar St #10, Malden, MA, 02148
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
04/12/2024
|
1 Bed
|
1 Bath
|
418 ft²
|
$249,900
1 Bed
1 Bath
418 ft²
|
$247,500
-0.96%
06/05/2024
|
-
|
Martin Tokos
Coldwell Banker First Quality Realty
|
|
|
10/10/2023
|
2 Bed
|
1 Bath
|
710 ft²
|
$389,000
2 Bed
1 Bath
710 ft²
|
$405,000
+4.11%
11/15/2023
|
-
|
Fangyan Xu
StartPoint Realty
|
|
|
07/31/2023
|
2 Bed
|
1 Bath
|
-
|
$399,000
2 Bed
1 Bath
|
-
-
|
-
|
Charles Vallis
Upright Realty Group LLC
|
|
|
06/14/2023
|
1 Bed
|
1 Bath
|
532 ft²
|
$269,999
1 Bed
1 Bath
532 ft²
|
$312,000
+15.56%
07/07/2023
|
-
|
Fangyan Xu
StartPoint Realty
|
|
|
05/15/2020
|
1 Bed
|
1 Bath
|
532 ft²
|
$230,000
1 Bed
1 Bath
532 ft²
|
$251,500
+9.35%
07/01/2020
|
-
|
Lu Ouyang
Compass
|
|
|
10/01/2014
|
1 Bed
|
1 Bath
|
532 ft²
|
$169,900
1 Bed
1 Bath
532 ft²
|
$160,000
-5.83%
11/13/2014
|
-
|
Julie Scott
Leading Edge Real Estate
|
|
|
09/10/2013
|
1 Bed
|
1 Bath
|
523 ft²
|
$174,000
1 Bed
1 Bath
523 ft²
|
$170,000
-2.30%
10/30/2013
|
-
|
Yong Yu
Y & Z Fidelity Realty
|
|
|
05/14/2013
|
1 Bed
|
1 Bath
|
523 ft²
|
$154,900
1 Bed
1 Bath
523 ft²
|
$154,900
08/01/2013
|
Yong Yu
Y & Z Fidelity Realty
|
||
|
07/06/2010
|
2 Bed
|
1 Bath
|
707 ft²
|
$119,900
2 Bed
1 Bath
707 ft²
|
$105,000
-12.43%
07/27/2011
|
-
|
Eric Lindsey
Keller Williams - Foxboro / North Attleboro
|
|
|
09/22/2007
|
2 Bed
|
1 Bath
|
710 ft²
|
$159,900
2 Bed
1 Bath
710 ft²
|
-
07/21/2008
|
Karin Nystrom
Good Deeds Realty Partners
|
||
|
10/12/2006
|
2 Bed
|
1 Bath
|
710 ft²
|
$169,500
2 Bed
1 Bath
710 ft²
|
$168,000
-0.88%
11/17/2006
|
-
|
Kenny Olson
New England Group Services Inc.
|
|
|
08/02/2002
|
1 Bed
|
1 Bath
|
535 ft²
|
$159,900
1 Bed
1 Bath
535 ft²
|
$140,000
-12.45%
01/30/2003
|
-
|
Jill Gaudet
Brad Hutchinson Real Estate
|
|
|
04/26/2000
|
2 Bed
|
1 Bath
|
707 ft²
|
$99,900
2 Bed
1 Bath
707 ft²
|
$97,000
-2.90%
09/01/2000
|
-
|
Bob Sun
Sun Real Estate Co. Inc.
|
|
|
01/20/2000
|
2 Bed
|
1 Bath
|
710 ft²
|
$97,900
2 Bed
1 Bath
710 ft²
|
$97,500
-0.41%
03/30/2000
|
-
|
Paul Mydelski
RE/MAX Leading Edge
|
|
|
04/24/1997
|
|
1 Bed
|
1 Bath
|
532 ft²
|
$58,500
1 Bed
1 Bath
532 ft²
|
$56,500
-3.42%
10/31/1997
|
-
|
Marie Dixon
Coldwell Banker Hunneman
|
Building Info
