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28 Clark St, Malden MA 02148

Malden, MA 02148
$1,629,000
$1,599,000
Est. $9,230/month
12
Beds
3
Baths
4,233
Sq Ft
$378
Price/Sq Ft
0.08
Acres
1900
Year Built
3
Parking
52
Days on Market
Pending Price Drop -$30,000 Listed Apr 22, 2026 • MLS# 73505449 Copied! • Updated Jun 17, 2026

About this home

Fully renovated 3-family in the heart of Malden.Turn-key income property with two leases already in place and a third being executed — $11,400/month. Gut-renovated over the past two years, each unit features open-concept kitchen/living areas, white shaker cabinets, subway tile backsplash, stainless steel appliances, luxury vinyl plank flooring, recessed lighting, and energy-efficient mini-split systems for heating and cooling. All three units offer 4 bedrooms and 1 bath. Coin-op laundry in basement. Tandem off-street parking spaces. 0.5 miles to downtown Malden Center and Orange Line access.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

1
Price Changes
1.8%
Price Range

Property Timeline

📋
Status: Active under contract
Jun 6, 2026
Active → Active Under Contract
Pending Sale
Jun 4, 2026
Offer accepted, sale pending
Price Reduced
May 19, 2026
$1,599,000 $30,000 (-1.84%)
From $1,629,000 to $1,599,000 (-1.8%)
🏠
Listed for Sale
Apr 22, 2026
$1,629,000
Original listing
Agent: Sarah Abouchleih Office: EVO Real Estate Group, LLC

Tax History

Year Taxes Assessment
2025 $11,339 $1,001,700

Financial Details

Annual Property Tax
$11,339
Tax Year 2025
Assessed Value
$1,001,700

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 4,233 sq ft
Lot Size 0.08 acres
Bedrooms 12
Full Baths 3
Total Rooms 18

Investment Metrics

Units 3
Unit 1 Rent $3,800/mo · Y
Unit 2 Rent — · Y
Unit 3 Rent $3,800/mo · N
Total Monthly Rent $7,600/mo
Gross Income $138,000
Net Operating Income $112,574
Operating Expenses $25,426
Cap Rate 7.04%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive, Off Street, Tandem, On Street
Total Spaces 3
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $11,339
Assessed Value $1,001,700
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 53 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
12
Full Bathrooms
3
Living Area
4,233 sq ft
Total Rooms
18
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Electric
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Cleared
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, Tandem, On Street
School District
Malden School District local
B-
School Safety 2024-25
1.6% Average
1.5% Suspensions 1.0% In-School 0.1% Emergency
3.9% below state avg
E

Elementary Schools

3 schools
Malden Early Learning Center
0.1 mi
238 students Very Diverse
Diverse Student Body
Grades PK
Cheverus Elementary School
0.4 mi
Grades PK-08
D
Salemwood School
0.5 mi | #324 of 352 | Score: 28.9
Dropped 70 spots from last year
-29.4 below state avg
1,033 students Diverse
Diverse Student Body
Grades K-08
M

Middle Schools

3 schools
B-
John J. McGlynn Middle School
2.1 mi | #206 of 352 | Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students Diverse
Rising School Diverse Student Body
Grades 06-08
C
Susan B. Anthony Middle School
2.2 mi | #260 of 352 | Score: 35.7
Improved 6 spots from last year
-22.5 below state avg
545 students Diverse
Grades 06-08
B+
Madeleine Dugger Andrews Middle School
2.3 mi | #128 of 352 | Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students Diverse
Rising School
Grades 06-08
H

High Schools

3 schools
C+
Malden High School
0.4 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Malden Catholic High School
0.8 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C+
Everett High School
1.4 mi | #233 of 346 | Score: 48.1
Improved 42 spots from last year
-10.1 below state avg
2,307 students Diverse
17 sports • 1,298 athletes
Rising School Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $945
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

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Current Rate
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Payment Over Time

Interest
Principal
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

28 Clark St, Malden MA 02148

Malden, MA 02148

Listing Information

Listing Agent Sarah Abouchleih
Listing Office EVO Real Estate Group, LLC
Office Phone 617-517-9755
Agent MLS ID CN252500
Office MLS ID AN9387
Listing Data Updated Jun 17, 2026 2:15 PM 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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