29-31 Sprague St, Malden MA 02148
Malden, MA 02148 • Forestdale
$1,500,000
Est. $9,026/month
About this home
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Agent Changed
Jul 9, 2026
Ryan Foley →
Agent Changed
Jun 8, 2026
Ryan Bartlett → Ryan Foley
Agent: Ryan Foley
Listed for Sale
Jun 8, 2026
$1,500,000
Original listing
Agent: Ryan Bartlett
Office: Greater Metropolitan R. E.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/09/2026 | 👤 Agent Changed | - | - | - | Ryan Foley → |
| 06/08/2026 | 👤 Agent Changed | - | - | - | Ryan Bartlett → Ryan Foley |
| 06/08/2026 | 🏠 Listed for Sale | $1,500,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $14,896 | $1,315,900 |
Financial Details
Annual Property Tax
$14,896
Tax Year 2025
Assessed Value
$1,315,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1900
Living Area
4,057 sq ft
Lot Size
0.14 acres
Bedrooms
6
Full Baths
5
Total Rooms
17
Investment Metrics
Units
5
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
$2,000/mo · N
Unit 3 Rent
$2,000/mo
Unit 4 Rent
$2,000/mo
Total Monthly Rent
$8,000/mo
Gross Income
$135,600
Net Operating Income
$135,600
Cap Rate
9.04%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
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
Paved Drive
Total Spaces
5
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$14,896
Assessed Value
$1,315,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
30 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
5
Living Area
4,057 sq ft
Total Rooms
17
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,057 sq ft above 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:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Brick/Mortar
Stories:
5
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:
Road Surface:
Parking & Garage
Total Parking Spaces:
5
Parking Features:
Paved Drive
Nearby Schools
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
Elementary Schools
8 schools
Cheverus Elementary School
0.2 mi
Grades PK-08
B
Ferryway School
0.6 mi
|
#166 of 352
|
Score: 43.0
Improved 23 spots from last year
-15.2 below state avg
920 students
Very Diverse
Rising School
Diverse Student Body
Grades K-08
D
Salemwood School
0.7 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
B-
Beebe School
0.8 mi
|
#196 of 352
|
Score: 40.8
Dropped 50 spots from last year
-17.4 below state avg
921 students
Very Diverse
Diverse Student Body
Grades K-08
B-
Forestdale School
1.0 mi
|
#185 of 352
|
Score: 41.8
Dropped 12 spots from last year
-16.4 below state avg
539 students
Very Diverse
Diverse Student Body
Grades K-08
A
Mystic Valley Regional Charter School
1.1 mi
|
#52 of 346
|
Score: 67.0
Dropped 2 spots from last year
+8.8 above state avg
1,698 students
Very Diverse
High Graduation Rate
College Ready Curriculum
Strong Athletics
Diverse Student Body
Grades K-12
B-
Linden School
1.6 mi
|
#197 of 352
|
Score: 40.7
Improved 30 spots from last year
-17.5 below state avg
813 students
Very Diverse
Rising School
Diverse Student Body
Grades K-08
Malden Early Learning Center
0.2 mi
238 students
Very Diverse
Diverse Student Body
Grades PK
High Schools
2 schools
C+
Malden High School
0.2 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
0.9 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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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
$1,241
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
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Rate Impact
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Forestdale
29-31 Sprague St, Malden MA 02148
Malden, MA 02148
Listing Information
Listing Agent
Ryan Bartlett
Listing Office
Greater Metropolitan R. E.
Office Phone
617-523-2505
Agent MLS ID
CN238341
Office MLS ID
NB1092
Listing Data Updated
Jul 8, 2026 8:13 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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