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363 Broadway, Malden MA 02148

Malden, MA 02148
$590,000
Est. $3,192/month
4
Beds
2
Baths
2,600
Sq Ft
$227
Price/Sq Ft
0.07
Acres
1900
Year Built
Multi Family
Type
31
Days on Market
Closed Listed Jun 6, 2025 • MLS# 73386898 Copied!

About this home

This two-family building features two spacious 2-bedroom, 1-bathroom units and offers strong potential for value-add improvements. The property is subject to an affordable housing restriction and must remain as rental housing--owner-occupancy is not permitted. Ideal for experienced investors familiar with affordable housing regulations. Please refer to the attached documentation for full details.

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Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1900
Bedrooms
4
Full Bathrooms
2
Living Area
2,600 sq ft
Total Rooms
14
Stories
2
Levels
2

Sale Statistics

Sale Overview
Original List Price: $625,000
Final Sale Price: $590,000
Difference: $35,000 (-5.6%)
Performance Metrics
94.4%
List to Sale Ratio
Sold below asking price
31
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $240
Sale $/sq ft: $227
This property sold for $227 per square foot
Sale Summary

This property sold for 5.6% below the original asking price.

The property spent 31 days on market before selling.

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1900
Living Area 2,600 sq ft
Lot Size 0.07 acres
Bedrooms 4
Full Baths 2
Total Rooms 14

Interior

Heating None
Cooling None
Flooring Wood, Vinyl, Varies, Laminate
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None

Exterior

Construction See Remarks
Architecture None
Roof Other
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Paved Drive, Off Street, Other
Total Spaces 2

Utilities

Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven

Financial

Annual Tax $99
Assessed Value $9

Interior Features

Flooring: Wood, Vinyl, Varies, Laminate
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: See Remarks
Roof: Other
Foundation: Other
Stories: 2

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Other

Location

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Neighborhood

363 Broadway, Malden MA 02148

Malden, MA 02148

Walkability

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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
E

Elementary Schools

8 schools
B-
Linden School
0.2 mi | #197 of 352 | Score: 40.7
Improved 30 spots from last year
-17.5 below state avg
813 students Very Diverse
Rising School Diverse Student Body
Grades K-08
A
Mystic Valley Regional Charter School
0.3 mi | #52 of 346 | Score: 67.0
Dropped 2 spots from last year
+8.8 above state avg
1,698 students Very Diverse
High Graduation Rate College Ready Curriculum Strong Athletics Diverse Student Body
Grades K-12
D
Salemwood School
0.7 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
B-
Forestdale School
0.9 mi | #185 of 352 | Score: 41.8
Dropped 12 spots from last year
-16.4 below state avg
539 students Very Diverse
Diverse Student Body
Grades K-08
B
Ferryway School
1.5 mi | #166 of 352 | Score: 43.0
Improved 23 spots from last year
-15.2 below state avg
920 students Very Diverse
Rising School Diverse Student Body
Grades K-08
Cheverus Elementary School
1.6 mi
Grades PK-08
B-
Beebe School
2.2 mi | #196 of 352 | Score: 40.8
Dropped 50 spots from last year
-17.4 below state avg
921 students Very Diverse
Diverse Student Body
Grades K-08
Malden Early Learning Center
1.3 mi
238 students Very Diverse
Diverse Student Body
Grades PK
H

High Schools

2 schools
Malden Catholic High School
0.7 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C+
Malden High School
1.5 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
Learn about these ratings
School data provided by BMN Schools

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 $8
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.

Property History

Market Insights

Property Timeline

✓
Sold
Dec 12, 2025
Property sold
🏠
Listed for Sale
Jun 6, 2025
$625,000
Original listing
Agent: Daniel Alper Office: Boston Realty Advisors

Price & Status History

Date Event Price Change
Jun 6, 2025 New Listing Added $625,000 —

Market Statistics

Days on Market
31 days
Price per Sq Ft
$227

Tax History

Year Taxes Assessment
2024 $99 $9

Financial Details

Annual Property Tax
$99
Tax Year 2024
Assessed Value
$9

Listing Information

Listing Agent Daniel Alper
Listing Office Boston Realty Advisors
Agent MLS ID CN254381
Office MLS ID AN8461
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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Market Analytics for Malden, MA

Real-time market trends and pricing data for this area

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