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468 Salem St, Malden, MA, 02148

6beds
4baths
2,671sqft
$1,375,000
$515price/sqft
$9,025/moest. monthly cost
$361,000/yrincome needed

About This Home

Turnkey 4-family investment opportunity rebuilt from the studs in 2016 with modern systems, updated finishes and low-maintenance ownership appeal. Ideal for investors seeking strong rental stability or owner-occupants looking to offset living costs with solid in-place income. Positioned on bustling Salem St with an MBTA bus stop directly at the doorstep and easy access to Malden Center/Oak Grove Orange Line stations for seamless commuting into Boston. Convenient to Route 60, Route 1, I-93, and downtown Boston, making this a prime location for tenants. Street parking and minimal landscaping significantly reduce ongoing maintenance and operating expenses. A rare opportunity to own a newer-construction multifamily asset in a high-demand rental market with excellent transit connectivity and long-term appreciation potential.

Getting Around

79
WalkingVery Walkable
47
TransitSome Transit
42
BikeSomewhat Bikeable

Schools

4/10
Salemwood SchoolGrades K-80.1 mi
4/10
Malden High SchoolGrades 9-120.7 mi
6/10
Forestdale SchoolGrades K-80.6 mi

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 4 Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Hardwood
  • Finished area above ground: 2,671

Interior Area

  • Total structure area: 2,671
  • Total interior livable area: 2,671 sqft

Property

Details

  • Parcel number: M:116 B:715 L:542,599414
  • Zoning: ResA

Lot

  • Lot size: 5,750 sqft

Parking

  • Parking features: Paved Drive
  • Has uncovered spaces: Yes