Turn-key two family. Two units, two levels each. One is vacant and ready for you. This Forestdale home fits an owner occupant or an investor. Move into the open unit and let the other help pay the mortgage. Or set your own rent from day one and run it as a full income property. Owner occupants may qualify for Malden's residential tax exemption. Unit 1 lives like a townhouse. The main floor has a great layout, hardwood floors, and a kitchen with quartz counters and stainless steel appliances. A spiral staircase leads down to a finished walk-out lower level with a second full bath, flexible living space, and laundry. Unit 2 takes the top two floors. The living room opens to a cathedral ceiling kitchen with a skylight. It has three bedrooms, one on the main level and two on the upper level, plus laundry in the unit. Each unit has its own entrance and its own high-efficiency gas system for heat and on-demand hot water. The fenced, two-tier paver patio gives you room to cook out, relax, and entertain. It has raised garden beds and a screened gazebo. There is no grass to mow, so upkeep stays easy. You also get four off-street parking spaces on a 5,044 square foot lot. The location does the rest. Oak Grove Station is about 0.8 miles away with the Orange Line and the Haverhill commuter rail. Malden Center is about 1.3 miles. Recent MBTA track and signal work means faster trains into Boston. Route 1, I-93, and Logan Airport are all close. Pine Banks Park is nearby with 108 acres of trails, ball fields, and a dog park. Trafton Park, the Middlesex Fells, and the Northern Strand bike trail are close too. Downtown Malden's restaurants are minutes away, and the new Malden River Works park opens this October. Forestdale School, K to 8, is about half a mile away. MelroseWakefield Hospital is a short drive. And Bainbridge Street is a local favorite on Halloween night. Take the 3D tour. Excellent turn-key opportunity! Visit online: https://323bainbridge.acbrealty.online/
This home has been viewed 34 times
Last Checked: October 30th, 2026 at 9:28am (Source: MLS PIN #73581104)
Gross Income: $42,000
Gross Expenses: $14,230
Net Income Calc: $27,770
Annual Expenses for 323 Bainbridge St, Malden MA 02148
Total Gross Expenses (Calculated)$14,230/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax11066
Annual Income & Unit Breakdown for 323 Bainbridge St, Malden MA 02148
Total Gross Income (Calculated)$42,000
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit2
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
Rent IncludesHeat
General Information for 323 Bainbridge St, Malden MA 02148
Listing ID73581104
Property TypeMulti Family / 2 Family
Price1050000 ($318.47/SqFt)
Style2 Family - 2 Units Up/down
CityMalden
CountyMiddlesex
MLS AreaForestdale
Neighborhood(s)
Approximate Living Area Total3297
Approximate Lot Size (Acres)0.12
Total Parking4
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningRESA
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 323 Bainbridge St, Malden MA 02148
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWall Mounted Tv's-Brackets To Remain
Financial Data SourceEstimated
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 323 Bainbridge St, Malden MA 02148
Real Estate Taxes11066
Tax Year2026
Assessed Value$970,700
Financial Data SourceEstimated
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 323 Bainbridge St, Malden MA 02148
Elementary SchoolForestdale
Middle SchoolForestdale
High SchoolMalden High
Neighborhood(s)
MLS AreaForestdale
Area AmenitiesWalk/jog Trails
Contact Information for 323 Bainbridge St, Malden MA 02148