$1,849,000
14-16 Ripley St
Malden, MA, 02148
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.
Property Details
Price:
$1,849,000
MLS #:
73582174
Status:
Active
Beds:
10
Baths:
6
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
Listed Date:
Sep 24, 2026
Finished Sq Ft:
3,282
Total Sq Ft:
3,282
Lot Size:
10,018 sqft / 0.23 acres (approx)
Year Built:
1885
Units:
6
Schools
Interior
Above Grade Finished Area
3282
Appliances
Range, Microwave, Refrigerator
Bathrooms
6 Full Bathrooms
Flooring
Vinyl, Laminate
Heating
Baseboard
Interior Features
Living RM/Dining RM Combo, Living Room, Dining Room, Loft
Levels
7
Exterior
Community Features
Public Transportation, Shopping
Construction Materials
Frame
Green Energy Efficient
Varies per Unit
Lot Features
Level
Open Parking Spaces
3
Open Parking YN
1
Parking Features
Paved Drive, Off Street
Parking Spots
3
Parking Total
3
Patio And Porch Features
Porch, Deck
Roof
Shingle
Stories
7
Financial
Tax Year
2025
Taxes
$10,817
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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Map
Current real estate data for Multi Family in Malden as of Sep 28, 2026
40
Multi Family Listed
70
Avg DOM
364
Avg $ / SqFt
$1,180,127
Avg List Price
Community
- Address14-16 Ripley St Malden MA
- CityMalden
- CountyMiddlesex
- Zip Code02148
Subdivisions in Malden
Similar Listings Nearby
Property Summary
- 14-16 Ripley St Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $1,849,000 To schedule a showing of MLS#73582174 at 14-16 Ripley St in Malden, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
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.
14-16 Ripley St
Malden, MA