697-705 Salem Street, Malden MA 02148

Malden, MA 02148

$1,799,000

$1,399,000

Est. $7,274/month

7,000

Sq Ft

$200

Price/Sq Ft

0.21

Acres

1900

Year Built

143

Days on Market

Active Price Drop -$400,000 Listed Feb 16, 2026 • MLS# 73477628 Copied! • Updated Jun 19, 2026

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About this home

RARE OPPORTUNITY IN MAPLEWOOD SQUARE! ATTENTION INVESTORS AND DEVELOPERS! exceptional opportunity to own a four-unit commercial building along with a two-family home on one lot. The Salem Street commercial building is positioned on a high-traffic, high-visibility corridor, offering excellent exposure and strong rental potential. Ideal for investors seeking attractive income opportunities in a prime location. The two-family home requires major TLC but presents tremendous upside for value-add investors. With improvements, this property offers substantial income and appreciation potential. Multiple possibilities for redevelopment, rental income, or long-term hold in one of the area’s most sought-after neighborhoods. Group showings only.

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Recently Sold Nearby

Property History

Market Insights

3

Price Changes

22.2%

Price Range

Property Timeline

↓

Price Reduced

Jun 15, 2026

$1,399,000 $100,900 (-6.73%)

From $1,499,900 to $1,399,000 (-6.7%)

↓

Price Reduced

May 16, 2026

$1,499,900 $100,000 (-6.25%)

From $1,599,900 to $1,499,900 (-6.2%)

•

Back On Market

May 12, 2026

Active

📋

Status: Active under contract

Apr 25, 2026

Active → Active Under Contract

⏳

Pending Sale

Apr 25, 2026

Offer accepted, sale pending

•

Back On Market

Apr 20, 2026

Active

📋

Status: Active under contract

Mar 12, 2026

Active → Active Under Contract

⏳

Pending Sale

Mar 12, 2026

Offer accepted, sale pending

↓

Price Reduced

Mar 9, 2026

$1,599,900 $199,100 (-11.07%)

From $1,799,000 to $1,599,900 (-11.1%)

🏠

Listed for Sale

Feb 17, 2026

$1,799,000

Original listing

Agent: Dave DiGregorio Office: Coldwell Banker Realty - Waltham

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
06/15/2026	↓ Price Reduced	$1,399,000	$100,900	-	From $1,499,900 to $1,399,000 (-6.7%)
05/16/2026	↓ Price Reduced	$1,499,900	$100,000	-	From $1,599,900 to $1,499,900 (-6.2%)
05/12/2026	• Back On Market	-	-	-	Active
04/25/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
04/25/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
04/20/2026	• Back On Market	-	-	-	Active
03/12/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
03/12/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
03/09/2026	↓ Price Reduced	$1,599,900	$199,100	-	From $1,799,000 to $1,599,900 (-11.1%)
02/17/2026	🏠 Listed for Sale	$1,799,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2026	$0	—

Financial Details

Annual Property Tax

$0

Tax Year 2026

Facts & Features

Home Facts

Type Commercial Sale

Year Built 1900

Living Area 7,000 sq ft

Lot Size 0.21 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof Tar/gravel

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

Financial

Annual Tax 0.00

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures Property Has Two Buildings One One Lot. 697-705 Salem Street And 13 Myrtle Street. Salem Street Is A 4 Unit Commerical Building And Myrtle Street Is A Two Family Home.

Additional Details

Possession None

Accepted Financing None

Structure Type []

Documents None

County Middlesex

Property Overview

Listing Type

Commercial Sale

Year Built

1900

Living Area

7,000 sq ft

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: Tar/Gravel

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

E

Elementary Schools

8 schools

A

Mystic Valley Regional Charter School

< 0.1 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

D

Salemwood School

0.3 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-

Linden School

0.6 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

B-

Forestdale School

0.6 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

B

Ferryway School

1.1 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

Cheverus Elementary School

1.2 mi

Grades PK-08

B-

Beebe School

1.8 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

Malden Early Learning Center

0.9 mi

238 students Very Diverse

Diverse Student Body

Grades PK

H

High Schools

2 schools

Malden Catholic High School

0.5 mi

19 sports • 2,126 athletes

Strong Athletics

Grades 09-12

C+

Malden High School

1.1 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

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Location

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Neighborhood

697-705 Salem Street, Malden MA 02148

Malden, MA 02148

Listing Information

Listing Agent Dave DiGregorio

Listing Office Coldwell Banker Realty - Waltham

Office Phone 781-893-0808

Agent MLS ID BB981965

Office MLS ID AN6239

Listing Data Updated Jun 19, 2026 3:05 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak

BMN Boston Real Estate

(617) 955-2224 mail@steve-novak.com

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