BEDS10
BATHS6 full
SQUARE FEET3,282
MLS#73582174
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
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
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: 43
Door Features: Insulated Doors
Dwelling Type: 5+ Family - 5+ Units Side by Side
Exterior: Frame
Flooring: Vinyl, Laminate
HeatingY/N: 1
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 594146
Parking Features: Paved Drive, 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
Agent Name: Rose Hall
Agency Phone: 617-206-5700
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# 73582174
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.