40 Clark St, Malden MA 02148

Malden, MA 02148

$949,900

Est. $5,655/month

4

Beds

4

Baths

2,523

Sq Ft

$376

Price/Sq Ft

0.05

Acres

1900

Year Built

3 Family

Type

4 hours 10 minutes

Time on Market

Active Open House Listed Jan 14, 2026 • MLS# 73468369 Copied!

About this home

Excellent opportunity to own a well-maintained multifamily in a prime Malden location. This 3-unit building has two TAW-leased 1B/1BA apartments, and a vacant top floor 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own utilities. Nestled in a quiet neighborhood with on-street parking. Conveniently located near bus routes, restaurants and shops, and about 1 mile to Malden Center and Oak Grove T stops - key drivers of demand in Malden’s strong rental market. This is a solid opportunity for investors seeking a stabilized asset or owner-occupants looking to offset expenses with rental income.

Property Overview

Property Type

3 Family

Listing Type

For Sale

Year Built

1900

Bedrooms

4

Full Bathrooms

4

Living Area

2,523 sq ft

Total Rooms

12

Stories

4

Levels

4

Open House Schedule

18

Jan

Sunday, January 18

12:00 PM - 2:00 PM EST

Facts & Features

Home Facts

Type Residential Income

Style 3 Family

Year Built 1900

Living Area 2,523 sq ft

Lot Size 0.05 acres

Bedrooms 4

Full Baths 4

Total Rooms 12

Interior

Heating Electric, Natural Gas

Cooling None

Flooring Wood

Appliances Range, Refrigerator, Dishwasher, Microwave, Washer/dryer

Fireplace None

Basement Finished, Walk-out Access

Laundry Washer Hookup, Dryer Hookup

Features Walk-in Closet(s), Bathroom With Tub & Shower, Pantry, Storage, Bathroom With Shower Stall, Living Room, Kitchen

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Balcony/deck, Balcony

Pool None

Spa None

Fencing None

Patio/Porch Porch

Parking

Features None

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $7,822

Assessed Value $691,000

Interior Features

Flooring: Wood

Appliances: Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer

Interior Features: Walk-In Closet(s), Bathroom With Tub & Shower, Pantry, Storage, Bathroom with Shower Stall, Living Room, Kitchen

Windows:

Basement: Finished, Walk-Out Access

Laundry: Washer Hookup, Dryer Hookup

Security:

Construction & Materials

Year Built: 1900

Structure Type:

Exterior Materials: Frame

Roof: Shingle

Foundation: Stone

Stories: 4

Heating, Cooling & Utilities

Heating: Electric, Natural Gas

Cooling:

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck, Balcony

Patio & Porch: Porch

Fencing:

Other Structures:

Lot Features: Cleared

Road Surface: Paved

Parking & Garage

Parking Features:

Location

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Neighborhood

40 Clark St, Malden MA 02148

Malden, MA 02148

Walkability

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Nearby Schools

School District

Malden School District local

✓ 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

8 schools

Cheverus Elementary School

0.5 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

B

Ferryway School

0.7 mi | #166 of 352 | Score: 43.0

Improved 23 spots from last year

-15.2 below state avg

920 students Very Diverse

Diverse Student Body

Grades K-08

B-

Forestdale School

0.7 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

0.9 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-

Beebe School

1.0 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-

Linden School

1.4 mi | #197 of 352 | Score: 40.7

Improved 30 spots from last year

-17.5 below state avg

813 students Very Diverse

Diverse Student Body

Grades K-08

Malden Early Learning Center

0.1 mi

238 students Very Diverse

Diverse Student Body

Grades PK

H

High Schools

2 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 Diverse Student Body

Grades 09-12

Malden Catholic High School

0.8 mi

19 sports • 2,126 athletes

Strong Athletics

Grades 09-12

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Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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Property History

Property Timeline

🏠

Listed for Sale

Jan 14, 2026

$949,900

Original listing

Agent: Prescott White Office: Commonwealth Properties Residential, LLC

Date	Event	Price	Change	$/sqft	Details
01/14/2026	🏠 Listed for Sale	$949,900	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jan 14, 2026	New Listing Added	$949,900	—

Market Statistics

Time on Market

4 hours 10 minutes

Price per Sq Ft

$376

Tax History

Year	Taxes	Assessment
2025	$7,822	$691,000

Financial Details

Annual Property Tax

$7,822

Tax Year 2025

Assessed Value

$691,000

Elementary Schools

High Schools

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40 Clark St, Malden MA 02148

About this home

Property Overview

Open House Schedule

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

High Schools

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