59-61 Waite Street, Malden, MA 02148
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$2,299,900
5 Unit
13 Beds
7 Baths
5569 SQFT
0.26 Acre

Property Description

RARE FIND!!! Well cared for deleaded 5 plus unit duplex on a beautiful street in the Maplewood section of Malden. Great investment opportunity with live in unit for owner. New vinyl siding new gutters and all freshly painted porches. All units have been updated with maple and white cabinets, dishwashers and disposals. Hardwood floors thru most. Coin operated laundry in basement. All separate utilities, 3 gas heating systems 2 oil. Full basement for storage. Oversized garage and fenced in yard with parking for all tenants. Owners unit has s/s appliances, granite, newer bathroom and room size closet. Living room and m/b have built in fireplaces. Fully rented with great tenant’s. 4 units are tenant at will and one is on lease. Walking distance to Malden Catholic and easy access to Boston!! All you need to do is sit back and collect the rents!! You don't want to miss out on this Gem! Savvy investors this is the place!! Schedule your private showing today.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 10
  • Total Bedrooms: 13
  • Total Full Baths: 7
  • Total Fireplaces: 2
  • Amenities: House of Worship, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Ceiling Fans, Lead Certification Available, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Electric Baseboard, Extra Flue, Gas, Heat Pump, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 142800
  • Gross Expenses: 13447
  • Electric Expenses: 2340
  • Water/Sewer: 4080
  • INSC: 7027
  • Net Operating Income: 129353

Utilities

  • Heat Zones: 5
  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73385459
  • Last Updated: 06/05/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/05/2025New$2,299,900MLSPIN
06/04/2025New$2,299,900$413MLSPIN

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Seller's Representative: Annmarie DiGiovanni, Bond Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-05 14:57:00

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