For Sale
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 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.
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:
- 41 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 #
- 73582174
- Disclosure
- Income based on all 6 units' fixed leases.