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INVESTMENT SNAPSHOT
About this property
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
| Units | 3 |
| Living area | 4,051 sqft |
| Lot size | 5,049 sqft |
| Year built | 1910 |
| Price / sqft | $287 |
| County | Middlesex |
| MLS # | 73553796 |
Listing status
| Days on market | 4 days |
| Listed on | July 22, 2026 |
Taxes & financials
| Annual property tax | $9,894 |
| Tax year | 2026 |
| Assessed value | $867,900 |
| Zoning | NB |
| Gross income (actual) | $23,700/yr |
| Net operating income (actual) | $23,700/yr |
| Total actual rent | $1,975/mo |
Building & lot
| Stories | 3 |
| Total rooms | 20 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator, Washer/Dryer |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 203-205 Salem St, Malden MA 02148 have?
It is a 3-unit multi-family property with 4,051 sqft of living area, built in 1910.
How long has 203-205 Salem St, Malden MA 02148 been on the market?
203-205 Salem St, Malden MA 02148 has been listed for 4 days (since July 22, 2026).
What is the price per unit?
At a list price of $1,162,000 across 3 units, that works out to roughly $387,333 per unit.
What are the property taxes on 203-205 Salem St, Malden MA 02148?
Annual property taxes are $9,894 (2026), on an assessed value of $867,900.
What is the price per square foot?
At $1,162,000 for 4,051 sqft, that's about $287 per square foot.
Is there parking?
3 total parking spaces.
Where is this property located?
203-205 Salem St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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