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INVESTMENT SNAPSHOT
About this property
18-unit brick garden-style apartment building with twelve (12) 2-BR, five (5) 1-BR, and one (1) studio apartment. Many recent improvements to the apartments and the building. Off-street parking, well-located on a side street in the Linden neighborhood of Malden. Fully occupied with existing cash flow and upside potential. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS
Property details
| Units | 18 |
| Living area | 16,512 sqft |
| Lot size | 21,044 sqft |
| Year built | 1970 |
| Price / sqft | $360 |
| County | Middlesex |
| MLS # | 73538827 |
Listing status
| Days on market | 4 days |
| Listed on | June 19, 2026 |
Taxes & financials
| Annual property tax | $48,933 |
| Tax year | 2025 |
| Assessed value | $4,322,700 |
| Zoning | RESA |
| Gross income (actual) | $51,600/yr |
| Net operating income (actual) | $51,600/yr |
| Total actual rent | $4,300/mo |
Building & lot
| Stories | 3 |
| Total rooms | 47 |
| Lot size | 0.48 acres |
| Garage spaces | 0 |
| Parking spaces | 32 |
| Foundation | Concrete Perimeter |
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 38 Clapp St., Malden MA 02148 have?
It is a 18-unit multi-family property with 16,512 sqft of living area, built in 1970.
How long has 38 Clapp St., Malden MA 02148 been on the market?
38 Clapp St., Malden MA 02148 has been listed for 4 days (since June 19, 2026).
What is the price per unit?
At a list price of $5,950,000 across 18 units, that works out to roughly $330,556 per unit.
What are the property taxes on 38 Clapp St., Malden MA 02148?
Annual property taxes are $48,933 (2025), on an assessed value of $4,322,700.
What is the price per square foot?
At $5,950,000 for 16,512 sqft, that's about $360 per square foot.
Is there parking?
32 total parking spaces.
Where is this property located?
38 Clapp St., Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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