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Listed price in listed location currency (USD).
$1,849,000

1063

MLS® 73485930

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3282 sqft
Garage No
Taxes $10,817
Days Active 0
Lot Size 0.23 acres
Approx. Age 1885
Avg. Price Per Sqft $563
MLS® Number 73485930

Property Address: 14-16 Ripley St, Malden, MA, 02148-2680

Average square foot calculated using Size range provided by listing agent.

Description

Great investment opportunity, this six unit multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5, 499 sq ft for 6 units total over 3 levels, including 3 One Bedrooms, 1 Studio, and 2 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.
MLS® Number73485930
Laundry Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageNo
Approx. Age1885
BasementFull, Walk-Out Access, Concrete
DrivewayOff Street
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 12, 2026List Date
$1,849,000List Price
Oct 10, 2024End Date
$1,700,000Sold Price

Sold

Sep 26, 2024List Date
$1,725,000List Price
  • Commute

Commute

Starting Address
Destination Address
14-16 Ripley St, Malden, MA

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