BEDS10
BATHS6 full
SQUARE FEET3,282
MLS#73485930
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Great investment opportunity, this six units 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 2 One Bedrooms, 3 Studios, and 1 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Walk-Out Access, Concrete
Heating: Baseboard
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 7.0
Taxes: $10,817
Year Built: 1885
Amenities
Remodeled
Living RM/Dining RM Combo
Living Room
Dining Room
Loft
Feature Descriptions
Appliances: Range, Microwave, Refrigerator
Building Area Total: 3282
Community Features: Public Transportation, Shopping
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Door Features: Insulated Doors
Dwelling Type: 5+ Family - 5+ Units Side by Side
Exterior: Frame
Flooring: Vinyl, Laminate, Hardwood
HeatingY/N: 1
Lot Features: Level
Parcel Number: 594146
Parking Features: Off Street
Parking Total: 3
Patio And Porch: Porch, Deck
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 16
Sewer: Public Sewer
Units: 6
Utilities: for Gas Range, for Electric Range
Water: Public
Listed By / Shown By
Listed By
Agency Name: Blue Ocean Realty, LLC
Agency Phone: 617-206-5700
Agent Name: Rose Hall
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 5,555.78 per month $4,115.07 Principal & Interest $901.42 Property Tax $539.29 Homeowner's Insurance
14-16 Ripley St | MLS# 73485930
This multi-family property located at 14-16 Ripley St, Malden, MA 02148 is currently listed for sale with an asking price of $1,849,000. Search Malden real estate on www.masiellogrouprealestate.com today.