14-16 Ripley St, Malden MA 02148
Malden, MA 02148
$1,849,000
Est. $10,451/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
26
Sep
Saturday, September 26
12:00 PM - 1:30 PM EDT
27
Sep
Sunday, September 27
11:00 AM - 12:30 PM EDT
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 24, 2026
$1,849,000
Original listing
Agent: Rose Hall
Office: Blue Ocean Realty, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/24/2026 | 🏠 Listed for Sale | $1,849,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,817 | $955,600 |
Financial Details
Annual Property Tax
$10,817
Tax Year 2025
Assessed Value
$955,600
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Side by Side
Year Built
1885
Living Area
3,282 sq ft
Lot Size
0.23 acres
Stories
7
Bedrooms
10
Full Baths
6
Total Rooms
16
Investment Metrics
Units
6
Unit 1 Rent
$1,700/mo · Y
Unit 2 Rent
$1,900/mo · N
Unit 3 Rent
$2,500/mo · Y
Unit 4 Rent
$1,700/mo · Y
Total Monthly Rent
$7,800/mo
Gross Income
$138,600
Net Operating Income
$117,600
Cap Rate
6.36%
Interior
Heating
Baseboard
Cooling
None
Flooring
Vinyl, Laminate
Appliances
Range, Microwave, Refrigerator
Fireplace
None
Basement
Full, Walk-out Access, Concrete
Laundry
None
Features
Living Rm/dining Rm Combo, Living Room, Dining Room, Loft
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck
Parking
Features
Paved Drive, Off Street
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range
Financial
Annual Tax
$10,817
Assessed Value
$955,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Income Based On All 6 Units Fixed Leases.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
5+ Family - 5+ Units Side by Side
Listing Type
For Sale
Year Built
1885
Bedrooms
10
Full Bathrooms
6
Living Area
3,282 sq ft
Total Rooms
16
Stories
7
Levels
7
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,282 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Laminate
Appliances:
Range, Microwave, Refrigerator
Interior Features:
Living RM/Dining RM Combo, Living Room, Dining Room, Loft
Windows:
Basement:
Full, Walk-Out Access, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1885
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
7
Heating, Cooling & Utilities
Heating:
Baseboard
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Varies per Unit
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Deck
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Malden School District local
B
School Safety
2024-25
1.6%
Average
1.5%
Suspensions
1.0%
In-School
0.1%
Emergency
3.9% below state avg
Elementary Schools
8 schools
Cheverus Elementary School
0.6 mi
Grades PK-08
B-
Beebe School
0.7 mi
|
#191 of 352
|
Score: 41.2
Dropped 45 spots from last year
-17 below state avg
919 students
Very Diverse
Diverse Student Body
Grades K-08
B
Forestdale School
0.9 mi
|
#178 of 352
|
Score: 42.1
Dropped 5 spots from last year
-16.1 below state avg
496 students
Very Diverse
Diverse Student Body
Grades K-08
C-
Salemwood School
0.9 mi
|
#286 of 352
|
Score: 32.9
Dropped 32 spots from last year
-25.3 below state avg
925 students
Very Diverse
Diverse Student Body
Grades K-08
B
Ferryway School
1.0 mi
|
#167 of 352
|
Score: 43.0
Improved 22 spots from last year
-15.2 below state avg
923 students
Very Diverse
Rising School
Diverse Student Body
Grades K-08
A
Mystic Valley Regional Charter School
1.3 mi
|
#51 of 346
|
Score: 67.4
Dropped 1 spots from last year
+9.2 above state avg
1,773 students
Very Diverse
High Graduation Rate
College Ready Curriculum
Strong Athletics
Diverse Student Body
Grades K-12
B-
Linden School
1.7 mi
|
#195 of 352
|
Score: 40.9
Improved 32 spots from last year
-17.3 below state avg
805 students
Very Diverse
Rising School
Diverse Student Body
Grades K-08
Malden Early Learning Center
0.3 mi
212 students
Very Diverse
Diverse Student Body
Grades PK
High Schools
2 schools
C+
Malden High School
0.6 mi
|
#225 of 346
|
Score: 49.9
Improved 73 spots from last year
-8.3 below state avg
1,792 students
Very Diverse
14 sports
• 856 athletes
Strong AP Program
Early College Program
Rising School
Diverse Student Body
Grades 09-12
Malden Catholic High School
1.3 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$901
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
14-16 Ripley St, Malden MA 02148
Malden, MA 02148
Listing Information
Listing Agent
Rose Hall
Listing Office
Blue Ocean Realty, LLC
Office Phone
617-206-5700
Agent MLS ID
CN200679
Office MLS ID
AN2056
Listing Data Updated
Sep 24, 2026 10:48 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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