$1,500,000
29-31 Sprague St
Malden, MA, 02148
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
Property Details
Price:
$1,500,000
MLS #:
73531709
Status:
Active
Beds:
6
Baths:
5
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Neighborhood:
forestdale
Listed Date:
Jun 8, 2026
Finished Sq Ft:
4,057
Total Sq Ft:
4,057
Lot Size:
6,255 sqft / 0.14 acres (approx)
Year Built:
1900
Units:
5
Schools
Interior
Above Grade Finished Area
4057
Bathrooms
5 Full Bathrooms
Levels
5
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
Open Parking Spaces
5
Open Parking YN
1
Parking Features
Paved Drive
Parking Spots
5
Parking Total
5
Stories
5
Financial
Tax Year
2025
Taxes
$14,896
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…
More About MarieMortgage Calculator
Map
Current real estate data for Multi Family in Malden as of Jun 17, 2026
38
Multi Family Listed
49
Avg DOM
373
Avg $ / SqFt
$1,061,053
Avg List Price
Community
- Address29-31 Sprague St Malden MA
- CityMalden
- CountyMiddlesex
- Zip Code02148
Subdivisions in Malden
Similar Listings Nearby
Property Summary
- 29-31 Sprague St Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $1,500,000 To schedule a showing of MLS#73531709 at 29-31 Sprague St in Malden, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Greater Metropolitan R. E.. 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.
29-31 Sprague St
Malden, MA