563-565 Salem St Malden MA 02148 MLS #73277232

563-565 Salem St
Malden, MA, 02148
$1,139,900
7 Beds
3 Baths
2,312 SqFt
0.13 Acres
$1,139,900
563-565 Salem St
Malden, MA, 02148
Location! Location! This well-maintained 3-family home offers a fantastic investment opportunity in a highly desirable location. Situated close to shopping and transportation, and a 1.5 mile from Malden Center and the MBTA station. The property features: UNIT1- 3 rooms, 1 bedroom, 1 bathroom; UNIT2 – 4 rooms, 2 bedrooms, 1 bathroom; UNIT3 – 7 rooms, 4 bedrooms, 1 bathroom. Each unit boasts hardwood floors and benefits from an efficient tankless water heater and gas heating system. The property also includes a newer roof, vinyl siding, ample parking spaces, and a 2-car garage. This combination of features makes it an excellent investment opportunity. It’s also a great opportunity for a first-time home buyer who wants to live in a location close to everything, within minutes of Boston. Rents are below market value; all tenants are TAW.

Property Details

Price:
$1,139,900
MLS #:
73277232
Status:
Active
Beds:
7
Baths:
3
Address:
563-565 Salem St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Malden
Listed Date:
Aug 13, 2024
State:
MA
Finished Sq Ft:
2,312
Total Sq Ft:
2,312
ZIP:
02148
Lot Size:
5,484 sqft / 0.13 acres (approx)
Year Built:
1870
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms
Flooring
Hardwood

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
7
Roof
Shingle

Financial

Net Operating Income
$49,752
Tax Year
2024
Taxes
$8,530
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
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…

More About Marie

Mortgage Calculator

 

Map

Similar Listings Nearby

Courtesy of LAER Realty Partners / Neto Realty. 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.
Rover IDX
563-565 Salem St
Malden, MA