203-205 Salem St, Malden MA 02148

Malden, MA 02148
$1,162,000
Est. $6,900/month
5
Beds
4
Baths
4,051
Sq Ft
$287
Price/Sq Ft
0.12
Acres
1910
Year Built
3
Parking
4 hours 11 minutes
Time on Market
Active Open House Listed Jul 22, 2026 • MLS# 73553796 Copied! • Updated Jul 22, 2026

Open House Schedule

26
Jul
Sunday, July 26
12:00 PM - 2:00 PM EDT
25
Jul
Saturday, July 25
12:00 PM - 2:00 PM EDT

About this home

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.

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 23, 2026
$1,162,000
Original listing
Agent: Fermin Group Office: Century 21 North East

Tax History

Year Taxes Assessment
2026 $9,894 $867,900

Financial Details

Annual Property Tax
$9,894
Tax Year 2026
Assessed Value
$867,900

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1910
Living Area 4,051 sq ft
Lot Size 0.12 acres
Bedrooms 5
Full Baths 4
Total Rooms 20

Investment Metrics

Units 3
Unit 1 Rent — · N
Unit 2 Rent $1,975/mo · Y
Unit 3 Rent — · N
Total Monthly Rent $1,975/mo
Gross Income $23,700
Net Operating Income $23,700
Cap Rate 2.04%
Heating None
Cooling None
Flooring None
Appliances Range, Refrigerator, Washer/dryer
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 3
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,894
Assessed Value $867,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Partial Disclosure
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
5
Full Bathrooms
4
Living Area
4,051 sq ft
Total Rooms
20
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances: Range, Refrigerator, Washer/Dryer
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1910
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features:
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
E

Elementary Schools

3 schools
Malden Early Learning Center
0.2 mi
238 students Very Diverse
Diverse Student Body
Grades PK
Cheverus Elementary School
0.4 mi
Grades PK-08
D
Salemwood School
0.5 mi | #324 of 352 | Score: 28.9
Dropped 70 spots from last year
-29.4 below state avg
1,033 students Diverse
Diverse Student Body
Grades K-08
M

Middle Schools

2 schools
B-
John J. McGlynn Middle School
2.1 mi | #206 of 352 | Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students Diverse
Rising School Diverse Student Body
Grades 06-08
C
Susan B. Anthony Middle School
2.2 mi | #260 of 352 | Score: 35.7
Improved 6 spots from last year
-22.5 below state avg
545 students Diverse
Grades 06-08
H

High Schools

3 schools
C+
Malden High School
0.3 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Malden Catholic High School
0.7 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C+
Everett High School
1.3 mi | #233 of 346 | Score: 48.1
Improved 42 spots from last year
-10.1 below state avg
2,307 students Diverse
17 sports • 1,298 athletes
Rising School Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $825
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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

Loading map...

Neighborhood

203-205 Salem St, Malden MA 02148

Malden, MA 02148

Listing Information

Listing Agent Fermin Group
Listing Office Century 21 North East
Office Phone 978-208-0449
Agent MLS ID TM321052
Office MLS ID AN4356
Listing Data Updated Jul 22, 2026 9:24 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Malden, MA

Real-time market trends and pricing data for this area

203-205 Salem St, Malden MA 02148 - Photo 1 203-205 Salem St, Malden MA 02148 - Photo 2 203-205 Salem St, Malden MA 02148 - Photo 3 203-205 Salem St, Malden MA 02148 - Photo 4 203-205 Salem St, Malden MA 02148 - Photo 5 203-205 Salem St, Malden MA 02148 - Photo 6 203-205 Salem St, Malden MA 02148 - Photo 7 203-205 Salem St, Malden MA 02148 - Photo 8 203-205 Salem St, Malden MA 02148 - Photo 9 203-205 Salem St, Malden MA 02148 - Photo 10 203-205 Salem St, Malden MA 02148 - Photo 11 203-205 Salem St, Malden MA 02148 - Photo 12 203-205 Salem St, Malden MA 02148 - Photo 13 203-205 Salem St, Malden MA 02148 - Photo 14 203-205 Salem St, Malden MA 02148 - Photo 15 203-205 Salem St, Malden MA 02148 - Photo 16 203-205 Salem St, Malden MA 02148 - Photo 17 203-205 Salem St, Malden MA 02148 - Photo 18 203-205 Salem St, Malden MA 02148 - Photo 19 203-205 Salem St, Malden MA 02148 - Photo 20 203-205 Salem St, Malden MA 02148 - Photo 21 203-205 Salem St, Malden MA 02148 - Photo 22 203-205 Salem St, Malden MA 02148 - Photo 23 203-205 Salem St, Malden MA 02148 - Photo 24 203-205 Salem St, Malden MA 02148 - Photo 25 203-205 Salem St, Malden MA 02148 - Photo 26
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour