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38 Clapp St., Malden MA 02148 - Preview 1 38 Clapp St., Malden MA 02148 - Preview 2 38 Clapp St., Malden MA 02148 - Preview 3 38 Clapp St., Malden MA 02148 - Preview 4 38 Clapp St., Malden MA 02148 - Preview 5 38 Clapp St., Malden MA 02148 - Preview 6 38 Clapp St., Malden MA 02148 - Preview 7 38 Clapp St., Malden MA 02148 - Preview 8 38 Clapp St., Malden MA 02148 - Preview 9 38 Clapp St., Malden MA 02148 - Preview 10 38 Clapp St., Malden MA 02148 - Preview 11 38 Clapp St., Malden MA 02148 - Preview 12 38 Clapp St., Malden MA 02148 - Preview 13 38 Clapp St., Malden MA 02148 - Preview 14 38 Clapp St., Malden MA 02148 - Preview 15 38 Clapp St., Malden MA 02148 - Preview 16
38 Clapp St., Malden MA 02148 - Preview 1 38 Clapp St., Malden MA 02148 - Preview 2 38 Clapp St., Malden MA 02148 - Preview 3 38 Clapp St., Malden MA 02148 - Preview 4 38 Clapp St., Malden MA 02148 - Preview 5 38 Clapp St., Malden MA 02148 - Preview 6 38 Clapp St., Malden MA 02148 - Preview 7 38 Clapp St., Malden MA 02148 - Preview 8 38 Clapp St., Malden MA 02148 - Preview 9 38 Clapp St., Malden MA 02148 - Preview 10 38 Clapp St., Malden MA 02148 - Preview 11 38 Clapp St., Malden MA 02148 - Preview 12 38 Clapp St., Malden MA 02148 - Preview 13 38 Clapp St., Malden MA 02148 - Preview 14 38 Clapp St., Malden MA 02148 - Preview 15 38 Clapp St., Malden MA 02148 - Preview 16

38 Clapp St., Malden MA 02148

Malden, MA 02148
$5,950,000
Est. $34,364/month
30
Beds
18
Baths
16,512
Sq Ft
$360
Price/Sq Ft
0.48
Acres
1970
Year Built
32
Parking
5-9 Family
Type
21
Days on Market
Active Listed Jun 19, 2026 • MLS# 73538827 Copied! • Updated Jun 23, 2026

About this home

18-unit brick garden-style apartment building with twelve (12) 2-BR, five (5) 1-BR, and one (1) studio apartment. Many recent improvements to the apartments and the building. Off-street parking, well-located on a side street in the Linden neighborhood of Malden. Fully occupied with existing cash flow and upside potential. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 19, 2026
$5,950,000
Original listing

Tax History

Year Taxes Assessment
2025 $48,933 $4,322,700

Financial Details

Annual Property Tax
$48,933
Tax Year 2025
Assessed Value
$4,322,700

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1970
Living Area 16,512 sq ft
Lot Size 0.48 acres
Bedrooms 30
Full Baths 18
Total Rooms 47

Investment Metrics

Units 18
Unit 1 Rent $2,200/mo · Y
Unit 2 Rent $2,100/mo · Y
Total Monthly Rent $4,300/mo
Gross Income $51,600
Net Operating Income $51,600
Cap Rate 0.87%
Heating None
Cooling None
Flooring None
Appliances None
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 32
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $48,933
Assessed Value $4,322,700
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1970
Bedrooms
30
Full Bathrooms
18
Living Area
16,512 sq ft
Total Rooms
47
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:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1970
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: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 32
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

8 schools
B-
Linden School
0.3 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
0.8 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
1.2 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
1.3 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
1.8 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
2.0 mi
Grades PK-08
B-
Beebe School
2.6 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
1.8 mi
238 students Very Diverse
Diverse Student Body
Grades PK
H

High Schools

2 schools
Malden Catholic High School
1.0 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C+
Malden High School
1.9 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
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $4,078
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
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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

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Neighborhood

38 Clapp St., Malden MA 02148

Malden, MA 02148

Listing Information

Listing Agent Carl Christie
Listing Office Carl Christie
Office Phone 617-942-1137
Agent MLS ID CN238517
Office MLS ID AN6071
Listing Data Updated Jun 23, 2026 3:05 AM 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
(617) 800 - 9008 contact@bmnboston.com
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