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Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you're looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.

More Info

Basic Information

  • Gross Income $23,700
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number 597758

Tax Information

  • Tax Assessed Value $867,900
  • Tax Year 2026
  • Taxes$9,894

Parking

  • Parking Spaces3

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms5
  • Full Bath4

Basic Information

  • List Price$1,162,000
  • MLS Number73553796
  • Modification Date07/23/2026
  • Property SubType3 Family

Location

  • Address203-205 Salem Street
  • Building Number203-205
  • CountyMiddlesex
  • StateMA
  • StreetSalem Street
  • TownMalden
  • Zip02148

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 3
  • Rooms20
  • Stories3
  • Units3
  • Year Built1910
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,051
  • Lot Size Square Feet 5,049
  • Lot Size Units Acres
  • Square Feet4,051

Amenities

  • Appliances IncludedRange, Refrigerator, Washer/Dryer

Legal

  • ZoningNB

Other

  • Date Listed07/23/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Fermin Group of Century 21 North East

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