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INVESTMENT SNAPSHOT
About this property
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
| Units | 5 |
| Living area | 4,057 sqft |
| Lot size | 6,255 sqft |
| Year built | 1900 |
| Price / sqft | $370 |
| County | Middlesex |
| MLS # | 73531709 |
Listing status
| Days on market | 30 days |
| Listed on | June 8, 2026 |
Taxes & financials
| Annual property tax | $14,896 |
| Tax year | 2025 |
| Assessed value | $1,315,900 |
| Zoning | ResA |
| Gross income (actual) | $135,600/yr |
| Net operating income (actual) | $135,600/yr |
| Total actual rent | $11,000/mo |
Building & lot
| Stories | 5 |
| Total rooms | 17 |
| Lot size | 0.14 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive |
| Foundation | Brick/Mortar |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Malden →
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 29-31 Sprague St, Malden MA 02148 have?
It is a 5-unit multi-family property with 4,057 sqft of living area, built in 1900.
How long has 29-31 Sprague St, Malden MA 02148 been on the market?
29-31 Sprague St, Malden MA 02148 has been listed for 30 days (since June 8, 2026).
What is the price per unit?
At a list price of $1,500,000 across 5 units, that works out to roughly $300,000 per unit.
What are the property taxes on 29-31 Sprague St, Malden MA 02148?
Annual property taxes are $14,896 (2025), on an assessed value of $1,315,900.
What is the price per square foot?
At $1,500,000 for 4,057 sqft, that's about $370 per square foot.
Is there parking?
5 total parking spaces (paved drive).
Where is this property located?
29-31 Sprague St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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