3-8 Railroad Avenue

Malden, MA 02148

$765,000
Last Sold Price
12
Beds
6
Baths
6,240 Sq. Ft.
$123 / Sq. Ft.
6,240
Sq. Ft.
$123
per Sq. Ft.

Description

Great investment property, six units. All separate utilities paid by the tenants. Gas heat and hot water. The building features three 2.5 bedroom units and three 1 bedroom units. New vinyl siding and 5 exterior doors replaced. On street parking in front of building. Highly desirably location close to Public and Private schools, Malden Square, Skating Rink, and short walk to public transportation. The 6th unit has 2.5 bedrooms. The building faces Malden's first community garden, also an entrance to...Great investment property, six units. All separate utilities paid by the tenants. Gas heat and hot water. The building features three 2.5 bedroom units and three 1 bedroom units. New vinyl siding and 5 exterior doors replaced. On street parking in front of building. Highly desirably location close to Public and Private schools, Malden Square, Skating Rink, and short walk to public transportation. The 6th unit has 2.5 bedrooms. The building faces Malden's first community garden, also an entrance to the Northern Strand Trail (aka,Bike to the Sea Trail ) is at the intersection of Railroad Ave directly across from the building. Some notice needed for showings.
  1. Listed by Joyce Kashgegian • Competitive Edge Real Estate Services

Property Details for 3-8 Railroad Avenue

Town
Malden
Area
MA-Malden
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Competitive Edge Real Estate Services, Joyce Kashgegian

Sold By Premier Realty Group, Inc., George Crotty

Add your commute
LISTING UPDATED: 08/06/2022 05:53 AM

Property Details for 3-8 Railroad Avenue

StatusSold
MLS #71602906
Days on Market81
Taxes$5,430 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1930
CountyMiddlesex County

Location

Listing Courtesy of Competitive Edge Real Estate Services, Joyce Kashgegian

Sold By Premier Realty Group, Inc., George Crotty

Add your commute

Building Information for 3-8 Railroad Avenue

Stories5Residences6Year Built1930Building Size-Lot Size0.08 AC / 3,392 SF

Payment Calculator

$4,627 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,175

Property Taxes

$453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3-8 Railroad Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station
  • Current Financing: Conv. Fixed
  • Living Area: 6240.0
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Full, Interior Access, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Carpet, Laminate
  • Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Office/Den), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Window Features: Insulated Windows, Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Screens
  • Lot Description: Easements, Level
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 4(None)
  • Cooling: No
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating: None, Unit 1(Central Heat, Gas, Individual, Unit Control), Unit 2(Central Heat, Unit 3(Central Heat, Unit 4(Central Heat
  • Heating: No
  • Sewage District: MWRA
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Units #3,4,5,6,and 8 have Letter of Compliance,seller has Lead Inspection Report. Building is currently fully occupied.
Tax Information
  • Listing Terms: Contract
  • Tax ID: 597676
  • Assessments: $524,600
  • Block: 734
  • Book: 59211
  • Lot: 403
  • Map: 094
  • Tax Year: 2013
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Foundation Area: 1800.0
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 6
  • Heat Zones: 6
Income / Expenses
  • Electricity: $.00
  • Annual Expenses Source: Owner
  • GOI: $80,400.00
  • Gross Scheduled Income: $.00
  • Insurance: $2,820.00
  • GRE: $7,704
  • HTE: $0
  • RFS: $0
  • NOI: $57,696.00
  • Operating Expense: $7,704.00
  • WSE: $4,884.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Levels U3: 1
Unit 4 Description
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,300.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 3-8 Railroad Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3-8 Railroad Avenue

This home is within Malden School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Salemwood School
PublicK to 8

Malden High School
Public9 to 12

Ferryway School
PublicK to 8

Forestdale School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Competitive Edge Real Estate Services, Joyce Kashgegian

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.