18-20 Benner Ave, Malden, MA 02148
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$1,099,990
3 Unit
5 Beds
3 Baths
2561 SQFT
0.07 Acre

Property Description

Turnkey 3 family with current income at $6,200 per month, with the potential to market rent $6,500 per month. Cash cow! This Rare find investment on a quiet street in Malden, centrally located just minutes walking from broth Ferry St School and Malden Center. The property is close to public transportation, schools, restaurants, parks and playgrounds. This building features 2 off-street tandem parking, and route 60, 99, and other highways make this an excellent commuting option to Boston and Cambridge. Units 1 and 2 have both been recently upgraded with new kitchens and in unit laundry; Unit 3 has the flexibility with a TAW. Open house, Friday 3/14/25, 5p-6pm& Saturday 3/15/25, 11am-12:30 pm. All offers due Monday 3/17/25 @ 5pm.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Conservation Area, Highway Access, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Gross Operating Income: 74400
  • Net Operating Income: 74400

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73344994
  • Last Updated: 03/13/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/13/2025New$1,099,990$430MLSPIN
09/16/2024Canceled$1,125,000$439MLSPIN
09/02/2024Active$1,125,000$439MLSPIN
08/29/2024Price Change$1,125,000$439MLSPIN
07/13/2024Active$1,129,000$441MLSPIN
07/09/2024Price Change$1,129,000$441MLSPIN
06/23/2024Active$1,159,000$453MLSPIN
06/19/2024Price Change$1,159,000$453MLSPIN
05/19/2024Active$1,190,000$465MLSPIN
05/15/2024New$1,190,000$465MLSPIN

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Seller's Representative: May Mai, PWK Realty LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: Yes

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MLS PIN data last updated at 2025-03-13 16:52:00

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