Off Market
14-16 Ripley St, Malden, MA
Malden · MA 02148
- $1,849,000
- Price
- 10
- Beds
- 6
- Baths
- 3282
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1885
Units:
6 Units
Lot size:
0.23 Acre Lot
Price per square foot:
$563 / Sq.Ft
Parking:
3 Off Street Spaces
About this home
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.
Neighborhood & Transit
14-16 Ripley St, Malden · MA 02148
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Oak Grove Orange Commuter Rail 1 route 0.19 mi
- Haverhill Line
Price Insight
- Days on Market:
- 237 days
- Listing Price:
- $1,849,000
- Price per Sq.Ft:
- $563
- Tax Assessment:
- $955,600 in 2025
- Taxes:
- $901 / Monthly
Home Facts
Interior Features
- Bedrooms
- 10
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 3,282 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3282
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 10,018 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 3 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Aluminum
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Rose Hall
- Listing office
- Blue Ocean Realty, LLC
- MLS PIN #
- 73485930
- Disclosure
- Rent and expense figures are approximate; (5) units are under lease agreements, #141R is currently vacant for renting purpose.
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