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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.

More Info

Basic Information

  • Gross Income $135,600
  • Mls StatusNew
  • Parcel Number M:074 B:262 L:204,595523

Tax Information

  • Tax Assessed Value $1,315,900
  • Tax Year 2025
  • Taxes$14,896

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces5

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms6
  • Full Bath5

Basic Information

  • List Price$1,500,000
  • MLS Number73531709
  • Modification Date06/08/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address29-31 Sprague Street
  • Building Number29-31
  • CountyMiddlesex
  • NeighborhoodForestdale
  • StateMA
  • StreetSprague Street
  • SubdivisionForestdale
  • TownMalden
  • Zip02148

Building

  • Building Area Units Square Feet
  • FoundationBrick/Mortar
  • Levels 5
  • Rooms17
  • Stories5
  • Units5
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.14

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,057
  • Lot Size Square Feet 6,255
  • Lot Size Units Acres
  • Square Feet4,057

Amenities

  • Amenities
    • Highway Access
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University

Legal

  • ZoningResA

Other

  • Date Listed06/08/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Ryan Foley of Greater Metropolitan R. E.

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