383 Highland Ave, Malden, MA, 02148
About This Home
Open House this Sat & Sun, 4/18 and 4/19, from 11:00 AM to 1:00 PM. Located in the heart of Malden Center, this property offers outstanding investment potential. Just 0.5 miles from the Malden Center Orange Line and close to multiple bus routes, it provides convenient access to downtown Boston and nearby universities, including Northeastern University. Situated on approximately 0.2 acres, the property offers around 4,000 square feet of living space, including a 1,656 sq ft addition completed in 2010. The home features a total of 20 rooms, including 10 bedrooms and 5 full bathrooms. Its flexible layout is ideal for multi-unit use or room-by-room rentals, offering strong income-generating potential. A key highlight is the rare and valuable parking: 5 garage spaces plus 7 additional off-street parking spots—highly desirable in this area and a major advantage for attracting tenants and maximizing rental value. Located in a high-demand rental market with excellent transit access.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter,Stone
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater,Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Features
- Window features: Insulated Windows
- Flooring: Wood
- Finished area above ground: 4,000
Heating & Cooling
- Heating features: Baseboard,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Property
Details
- Parcel number: M:029 B:139 L:903,592806
- Zoning: ResA
Features
- Patio & porch: Porch
- Exterior features: Porch
Lot
- Lot size: 8,825 sqft
Parking
- Total spaces: 11
- Parking features: Detached,Paved Drive,Off Street
- Has garage: Yes
- Attached garage spaces: 5
- Covered spaces: 5
- Has uncovered spaces: Yes
- Uncovered spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Heat Wave
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,966 | $71,592 |
| Home Insurance * | $334 | $4,008 |
| Property Taxes | $1,096 | $13,152 |
| Electricity | $788 | $9,465 |
| Total | $8,184 | $98,208 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Listed for sale | $1,199,900 |
| 2025-01-10 | Listing removed | $1,250,000 |
| 2024-04-30 | Listed for sale | $1,250,000 |
| 2023-12-16 | Listing removed | $1,250,000 |
| 2023-10-05 | Price change | $1,250,000 |
| 2023-09-14 | Listed for sale | $1,290,000 |
| 2020-11-22 | Listing removed | $1,168,888 |
| 2020-05-21 | Listed for sale | $1,168,888 |
| 2019-03-01 | Listing removed | $1,190,000 |
| 2018-11-26 | Listed for sale | $1,190,000 |
| 2001-04-23 | Sold | $240,000 |
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