$1,162,000
203-205 Salem St
Malden, MA, 02148
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.
Property Details
Price:
$1,162,000
MLS #:
73553796
Status:
Active
Beds:
5
Baths:
4
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Jul 22, 2026
Finished Sq Ft:
4,051
Total Sq Ft:
4,051
Lot Size:
5,049 sqft / 0.12 acres (approx)
Year Built:
1910
Units:
3
Schools
Interior
Above Grade Finished Area
4051
Appliances
Range, Refrigerator, Washer/Dryer
Bathrooms
4 Full Bathrooms
Below Grade Finished Area
1941
Levels
3
Exterior
Lot Features
Corner Lot
Open Parking Spaces
3
Parking Spots
3
Parking Total
3
Stories
3
Financial
Tax Year
2026
Taxes
$9,894
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 Jul 26, 2026
40
Multi Family Listed
54
Avg DOM
378
Avg $ / SqFt
$1,187,710
Avg List Price
Community
- Address203-205 Salem St Malden MA
- CityMalden
- CountyMiddlesex
- Zip Code02148
Subdivisions in Malden
Similar Listings Nearby
Property Summary
- 203-205 Salem St Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $1,162,000 To schedule a showing of MLS#73553796 at 203-205 Salem St in Malden, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Century 21 North East. 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.
203-205 Salem St
Malden, MA