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Great opportunity to acquire 283-289 Salem Street in Malden, a strategically located 3-unit commercial property offering an attractive combination of existing income potential, established retail presence, and long-term upside. The property currently has 2/3 units leased. Unit #283 was gut renovated in 2024 and is currently vacant (coffee shop) last rent was $2000/month, Unit 285-287 is a double wide unit renovated in 2023 and currently leased to a beauty salon paying $2500/month, Unit 289 is currently leased to a cell phone sales and repair shop paying $2200/month. This property is an excellent opportunity for an owner-user, investor, or entrepreneur seeking a property with an existing business environment. Positioned along Salem Street, the property benefits from strong neighborhood visibility and convenient access to Malden's surrounding residential and commercial areas. The location provides an ideal setting for a variety of retail, food-service, professional, and other commercial uses, subject to applicable zoning and permitting. **Buyer & Buyers Agent responsible for their own due diligence in confirming accuracy of information provided, permitting and licenses**

More Info

Basic Information

  • Gross Income $78,000
  • Mls StatusNew

Tax Information

  • Tax Year 2026
  • Taxes$8,841

Basic Information

  • List Price$1,199,999
  • MLS Number73587560
  • Modification Date10/07/2026

Location

  • Address283-289 Salem Street
  • Building Number283-289
  • CountyMiddlesex
  • StateMA
  • StreetSalem Street
  • TownMalden
  • Zip02148

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available
  • Year Built1900

Property

  • Acreage0.05

Property Information

  • Living Area 1,560
  • Lot Size Square Feet 2,060
  • Lot Size Units Acres
  • Square Feet1,560

Other

  • Date Listed10/07/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Walace Nogueira of Fellsway Realty,LLC

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