11-13 Horace Street Malden — Photo 1 of 40
Recent Drop: $50,000
$849,000
Investment Analysis — 11-13 Horace Street
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02148 carries an estimated $6,060/mo in gross rent — about a 5.53% cap rate and $46,990/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,358
Style
Multi Family
Built
1900
Charming and well-maintained Two-Family home ideally situated on the Melrose/Saugus line, just approximately one minute from Oak Grove Station on the Orange Line. The first-floor unit offers 4 rooms with 2 bedrooms, while the spacious second-floor unit features 7 rooms, 2 bedrooms, plus additional bonus rooms. Both units offer inviting eat-in kitchens, beautiful hardwood floors, and approximately 8-foot ceilings that add warmth and character. A functional layout provides comfortable living spaces, complemented by a fully fenced yard and private driveway for convenient off-street parking. Excellent commuter location with easy access to Boston, public transportation, schools, parks, shopping, and major routes. A well-located Two-Family property offering versatile living space and convenience.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property History
$849,000
Was $879,000
Aug 15, 2026
MLS® 73505730
$879,000
Was $899,000
Jul 10, 2026
MLS® 73505730
$899,000
May 12, 2026
MLS® 73505730
Listing Agent: Sue Palomba
Listing Office: Mango Realty, Inc.
MLS® Number: 73505730