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203-205 Salem St, Malden MA 02148

$1,162,000

Estimated $2,709/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $387,333.33

Total Rent: 23700/year

Estimated CAP Rate:

5 Bedrooms

Baths

4051

Total Parking: 3

5,049 (0.12)

Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.

This home has been viewed 13 times

Last Checked: July 26th, 2026 at 5:58pm (Source: MLS PIN #73553796)

Gross Income: $23,700

Gross Expenses: $9,894

Net Income Calc: $13,806

Annual Expenses for 203-205 Salem St, Malden MA 02148

Total Gross Expenses (Calculated)$9,894/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9894

Annual Income & Unit Breakdown for 203-205 Salem St, Malden MA 02148

Total Gross Income (Calculated)$23,700

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Rent Includes

General Information for 203-205 Salem St, Malden MA 02148

Listing ID73553796

Property TypeMulti Family / 3 Family

Price1162000 ($286.84/SqFt)

Style3 Family

CityMalden

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4051

Approximate Lot Size (Acres)0.12

Total Parking3

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningNB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 203-205 Salem St, Malden MA 02148

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsElectric Fireplace

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 203-205 Salem St, Malden MA 02148

Real Estate Taxes9894

Tax Year2026

Assessed Value$867,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 203-205 Salem St, Malden MA 02148

Neighborhood(s)

Area Amenities

Contact Information for 203-205 Salem St, Malden MA 02148

Agent

Name: Fermin Group

Office

Name: Century 21 North East

Phone: 978-208-0449

Team Members

Payment Calculator

, Interest

Property Taxes 824.5

Principal & Interest 7159.87

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Fermin Group

Agent Phone

Office Phone

(978) 208-0449

Text Agent Call Agent Call Office

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    [unparsed] => 203-205 Salem St, Malden MA 02148
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EXIT

23 More Photos

Active

203-205 Salem St, Malden MA 02148

$1,162,000

Annual Expenses for 203-205 Salem St, Malden MA 02148

Annual Income & Unit Breakdown for 203-205 Salem St, Malden MA 02148

General Information for 203-205 Salem St, Malden MA 02148

Disclosures for 203-205 Salem St, Malden MA 02148

Financial Information for 203-205 Salem St, Malden MA 02148

Location Information for 203-205 Salem St, Malden MA 02148

Contact Information for 203-205 Salem St, Malden MA 02148

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Century 21 North East

Fermin Group