427 Lebanon St Malden — Photo 1 of 41
$579,990
Investment Analysis — 427 Lebanon St
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02148 carries an estimated $3,630/mo in gross rent — about a 4.49% cap rate and $26,040/yr in estimated NOI at the $579,990 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,484
Style
Single Family
Built
1880
Endless possibilities! Single-family house situated on a huge lot in a prime location with high potential. The house features 1,400+ square feet of living space, 3 bedrooms, 1 and 1/2 baths, gas heat, and hardwood floors throughout. The property is being sold in "as-is" condition, offering a wonderful canvas for your personal updates and improvements. Key high-value upgrades have already been done, including a 2-year-old roof for long-term peace of mind. The massive, rare lot size provides incredible outdoor space and flexibility. The detached garage presents a fantastic opportunity to convert into a brand-new Accessory Dwelling Unit (ADU) for rental income, guest quarters, or an in-law suite. Additionally, the soaring high-ceiling attic offers immense potential to finish and expand your total living space. Unbeatable location convenient to the Oak Grove T station and directly on the bus line, making commuting a breeze. Whether you are an investor or a homebuyer looking to customize your dream home and build instant equity, this is a do-not-miss opportunity! Join us at our Open House this Saturday and Sunday, September 5th and September 6th, from 11:00 AM to 1:00 PM!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 742 sq ft (the lesser of 900 sq ft or half the 1,484 sq ft principal dwelling). Lot size: 9,971 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access
Geography
Listing Agent: Angela Cui
Listing Office: Keller Williams Realty
MLS® Number: 73571325
