Great investment opportunity, this six unit multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 3 One Bedrooms, 1 Studio, and 2 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.
For sale
$1,849,000
14-16 Ripley St, Malden, MA 02148
10beds
3,282sqft
Est.:
5+ Family - 5+ Units Side by Side
Built in 1885
-- sqft lot
$-- Zestimate®
$563/sqft
$-- HOA
What's special
High-efficiency heating systemsNew roof
- 11 hours |
- 57 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: 7 hours ago
Listed by:
Rose Hall 857-207-7579,
Blue Ocean Realty, LLC 617-206-5700
Source: MLS PIN,MLS#: 73485930
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard
Appliances
- Included: Range, Microwave, Refrigerator
Features
- Remodeled, Living RM/Dining RM Combo, Living Room, Dining Room, Loft
- Flooring: Vinyl, Laminate, Hardwood
- Doors: Insulated Doors
- Basement: Full,Walk-Out Access,Concrete
- Has fireplace: No
Interior area
- Total structure area: 3,282
- Total interior livable area: 3,282 sqft
- Finished area above ground: 3,282
Property
Parking
- Total spaces: 3
- Parking features: Off Street
- Uncovered spaces: 3
Features
- Patio & porch: Porch, Deck
Lot
- Size: 10,018 Square Feet
- Features: Level
Details
- Parcel number: 594146
- Zoning: ResA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Side by Side
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range
Green energy
- Energy efficient items: Varies per Unit
Community & HOA
Community
- Features: Public Transportation, Shopping
Location
- Region: Malden
Financial & listing details
- Price per square foot: $563/sqft
- Tax assessed value: $955,600
- Annual tax amount: $10,817
- Date on market: 3/12/2026
- Total actual rent: 7650
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $1,849,000+8.8%$563/sqft |
Source: MLS PIN #73485930 Report a problem | ||
| 11/26/2024 | Sold | $1,700,000-1.4%$518/sqft |
Source: MLS PIN #73295348 Report a problem | ||
| 9/26/2024 | Listed for sale | $1,725,000$526/sqft |
Source: MLS PIN #73295348 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$10,835/mo
Principal & interest
$9279
Property taxes
$1556
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Climate risks
Neighborhood: West End
Nearby schools
GreatSchools rating
- 6/10Beebe SchoolGrades: K-8Distance: 0.8 mi
- 4/10Malden High SchoolGrades: 9-12Distance: 0.6 mi
- 6/10Forestdale SchoolGrades: K-8Distance: 0.9 mi
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