14-16 Ripley St Malden MA 02148 MLS #73485930

14-16 Ripley St
Malden, MA, 02148
$1,849,000
10 Beds
6 Baths
3,282 SqFt
0.23 Acres
$1,849,000
14-16 Ripley St
Malden, MA, 02148
Open House Mar 15, 2026
11:00 – 12:30
Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.

Property Details

Price:
$1,849,000
MLS #:
73485930
Status:
Active
Beds:
10
Baths:
6
Address:
14-16 Ripley St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Malden
Listed Date:
Mar 12, 2026
State:
MA
Finished Sq Ft:
3,282
Total Sq Ft:
3,282
ZIP:
02148
Lot Size:
10,018 sqft / 0.23 acres (approx)
Year Built:
1885
Units:
6

Schools

Interior

Appliances
Range, Microwave, Refrigerator
Bathrooms
6 Full Bathrooms
Flooring
Vinyl, Laminate, Hardwood
Heating
Baseboard

Exterior

Community Features
Public Transportation, Shopping
Construction Materials
Frame
Parking Features
Off Street
Parking Spots
3
Roof
Shingle

Financial

Net Operating Income
$121,248
Tax Year
2025
Taxes
$10,817
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Blue Ocean Realty, LLC. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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14-16 Ripley St
Malden, MA