Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.

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Basic Information

Gross Income $138,600
Lot Features Level
Mls StatusNew
Parcel Number 594146
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Tax Information

Tax Assessed Value $955,600
Tax Year 2025
Taxes$10,817

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street
Parking Spaces3

Rooms

Bathroom6
Bathrooms Total Decimal 6
Bedrooms10
Full Bath6

Basic Information

List Price$1,849,000
MLS Number73582174
Modification Date09/24/2026
Property SubType5+ Family - 5+ Units Side by Side

Location

Address14-16 Ripley Street
Building Number14-16
CountyMiddlesex
StateMA
StreetRipley Street
TownMalden
Zip02148

Building

BasementFull, Walk-Out Access, Concrete
Building Area Units Square Feet
Construction Materials Frame
Door Features Insulated Doors
FoundationStone
Levels 7
Patio And Porch Features Porch, Deck
Rooms16
Stories7
Units6
Utilities For Gas Range, For Electric Range
Year Built1885
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.23

Interior

Flooring Vinyl, Laminate
Interior Features Living RM/Dining RM Combo, Living Room, Dining Room, Loft

Exterior

RoofShingle

Utilities

Heat SystemYes
Heating Baseboard
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 3,282
Lot Size Square Feet 10,018
Lot Size Units Acres
Square Feet3,282

Amenities

AmenitiesPublic Transportation, Shopping
Appliances IncludedRange, Microwave, Refrigerator
Green Energy Efficient Varies per Unit
Other AmenitiesBasement

Legal

ZoningResA

Other

Date Listed09/24/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA