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203-205 Salem St, Malden, MA, 02148

5beds
4baths
4,051sqft
$1,162,000
$287price/sqft
$7,980/moest. monthly cost
$319,200/yrincome needed

About This Home

Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.

Getting Around

87
WalkingVery Walkable
64
TransitGood Transit
59
BikeBikeable

Schools

4/10
Salemwood SchoolGrades K-80.5 mi
4/10
Malden High SchoolGrades 9-120.3 mi
7/10
Ferryway SchoolGrades K-80.6 mi

Construction

Condition

  • Year built: 1910

Materials

  • Foundation: Concrete Perimeter

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Appliances

  • Appliances included: Range,Refrigerator,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area below ground: 1,941
  • Finished area above ground: 4,051

Interior Area

  • Total structure area: 4,051
  • Total interior livable area: 4,051 sqft

Property

Details

  • Parcel number: 597758
  • Zoning: NB

Lot

  • Lot size: 5,049 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 3
  • Uncovered spaces: 3