Off Market
385-387 Salem St, Malden, MA
Malden · MA 02148
- $1,350,000
- Price
- 6
- Beds
- 4
- Baths
- 6055
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
5 Units
Lot size:
2,348 Sq.Ft Lot
Price per square foot:
$223 / Sq.Ft
Parking:
No Parking
About this home
Nestled in the NB (Neighborhood Business) zone and directly on high-traffic bus routes (106, 108, 411, 430), this mixed-use asset offers seamless access to Malden Center, Sullivan Square (Orange Line), Linden, Somerville, Medford, Everett, Cambridge, and Boston. Surrounded by over 300 active businesses in a thriving commercial corridor, 385-387 Salem Street features four residential units and one commercial space?presenting immediate upside through lease-up of current vacancies. Recent upgrades include 4 new gas hot water tanks for residents and an electric hot water tank for the commercial unit. With separate utilities, ample street parking, and strategic access to Route 60, I-93, Route 1, and the Fellsway (Route 28), this property offers strong income with multiple value-add opportunities. Further due diligence may uncover additional paths for reconfiguration, subject to city permits. A compelling opportunity in a high-demand market for savvy investors. 2 Res & Comm Units vacant.
Neighborhood & Transit
Faulkner
385-387 Salem St, Malden · MA 02148
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 513 days
- Listing Price:
- $1,350,000
- Price per Sq.Ft:
- $223
- Tax Assessment:
- $1,054,000 in 2024
- Taxes:
- $1,238 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 6,055 Sq.Ft
- Broker Disclosure about Living Area
- See floor plan
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6055
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 100 Amps
Exterior Features
- Lot Size
- 2,348 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Tanyeli Ballinger
- Listing office
- Leading Edge Real Estate
- MLS PIN #
- 73373885
- Disclosure
- See attached.
- Disclosure
- See floor plan
Similar homes nearby
1 matching listing
$1,300,000