399 Main St, Malden MA 02148
Malden, MA 02148
$3,200,000
$2,895,000
Est. $17,221/month
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About this home
Available For Sale or Lease. Iconic free-standing Malden Square building in the heart of downtown. 24,000 sq ft former bank building with 3 full levels plus a lower level with high ceilings throughout. Interior has been completely demo'd/abated and is a blank slate at this point. Adjacent to a 45 car municipal parking lot and a block away from a 600 car parking garage. Great visibility with location at the intersection of Main St and Pleasant St. Full 24K sq ft building available with potential subdivision as small as 5K sq ft. All four floors are serviced by an elevator. Some outdoor space is available for patio seating. Across the street from Malden High School and part of the nation's only Gaming District.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
9.5%
Price Range
Property Timeline
Price Reduced
Jul 8, 2026
$2,895,000
$305,000
(-9.53%)
From $3,200,000 to $2,895,000 (-9.5%)
Listed for Sale
Feb 5, 2026
$3,200,000
Original listing
Office: Pondfield Commercial Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/08/2026 | ↓ Price Reduced | $2,895,000 | $305,000 | - | From $3,200,000 to $2,895,000 (-9.5%) |
| 02/05/2026 | 🏠 Listed for Sale | $3,200,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $28,582 | — |
Financial Details
Annual Property Tax
$28,582
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1922
Living Area
23,900 sq ft
Lot Size
0.18 acres
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
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available, Three Phase, Fiber Optic
Financial
Annual Tax
$28,582
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
[]
Documents
None
County
Middlesex
Property Overview
Listing Type
For Sale
Year Built
1922
Living Area
23,900 sq ft
Floor Layout
Interactive room guide
Floor Layout
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:
1922
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
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
< 0.1 mi
Grades PK-08
B
Ferryway School
0.5 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
B-
Beebe School
0.6 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
D
Salemwood School
0.9 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-
Forestdale School
1.2 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
1.3 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
1.7 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
0.4 mi
238 students
Very Diverse
Diverse Student Body
Grades PK
High Schools
2 schools
C+
Malden High School
0.1 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
1.1 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
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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
$2,382
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
399 Main St, Malden MA 02148
Malden, MA 02148
Listing Information
Listing Agent
Michael J. Chapin
Listing Office
Pondfield Commercial Group
Office Phone
781-662-1700
Agent MLS ID
NB113538
Office MLS ID
AN2193
Listing Data Updated
Jul 12, 2026 3:07 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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