203-205 Salem St, Malden MA 02148
Malden, MA 02148
$1,162,000
Est. $6,900/month
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Open House Schedule
16
Aug
Sunday, August 16
2:00 PM - 3:30 PM EDT
15
Aug
Saturday, August 15
2:00 PM - 3:30 PM EDT
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 23, 2026
$1,162,000
Original listing
Agent: Fermin Group
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/23/2026 | 🏠 Listed for Sale | $1,162,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,894 | $867,900 |
Financial Details
Annual Property Tax
$9,894
Tax Year 2026
Assessed Value
$867,900
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1910
Living Area
4,051 sq ft
Lot Size
0.12 acres
Bedrooms
5
Full Baths
4
Total Rooms
20
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
$1,975/mo · Y
Unit 3 Rent
— · N
Total Monthly Rent
$1,975/mo
Gross Income
$23,700
Net Operating Income
$23,700
Cap Rate
2.04%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
Range, Refrigerator, Washer/dryer
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,894
Assessed Value
$867,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Partial Disclosure
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
5
Full Bathrooms
4
Living Area
4,051 sq ft
Total Rooms
20
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,051 sq ft above grade
1,941 sq ft below grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator, Washer/Dryer
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$825
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
203-205 Salem St, Malden MA 02148
Malden, MA 02148
Listing Information
Listing Agent
Fermin Group
Listing Office
Century 21 North East
Office Phone
978-208-0449
Agent MLS ID
TM321052
Office MLS ID
AN4356
Listing Data Updated
Jul 26, 2026 3:06 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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