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INVESTMENT SNAPSHOT
About this property
"AS-IS" 2-family property in Malden in Maplewood neighborhood and minutes from downtown Malden Center. Property right across from Salemwood School and bus stop. Property needs work. This is "as-is" sale with a lot of upside. Two units, up and down, both with 3 bedrooms and 1 bath, living room, kitchen and balcony. Roof is said to be 10 years old, gas boilers for each unit, and separate hot water tanks. Two electrical panels, one for each apartment. No parking, only street parking without permit in Malden. Property will be delivered vacant. Washer and dryer hookups in each apartment. Property can be ideal for an investor or someone who wants to live in Malden and have rental income. First showings at the open house on Saturday 11am to 3pm.
Property details
| Units | 2 |
| Living area | 2,883 sqft |
| Lot size | 9,953 sqft |
| Year built | 1880 |
| Price / sqft | $242 |
| County | Middlesex |
| MLS # | 73528252 |
Listing status
| Days on market | 4 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $8,241 |
| Tax year | 2025 |
| Assessed value | $728,000 |
| Zoning | ResA |
| Total actual rent | $0/mo |
Building & lot
| Stories | 2 |
| Total rooms | 11 |
| Lot size | 0.23 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Dirt Floor, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Heating | Hot Water, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, Washer Hookup |
| Appliances | Range, Dishwasher, Refrigerator |
Location
More about investing in Malden →
Listing courtesy of Coldwell Banker Realty - Boston — Peter Giannikopoulos. 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 548 Salem St, Malden MA 02148 have?
It is a 2-unit multi-family property with 2,883 sqft of living area, built in 1880.
How long has 548 Salem St, Malden MA 02148 been on the market?
548 Salem St, Malden MA 02148 has been listed for 4 days (since June 2, 2026).
What is the estimated cap rate on this 2-family in Malden?
Based on area median rents, the estimated cap rate is about 5.6%, with a Signal Score of 91/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $699,000 across 2 units, that works out to roughly $349,500 per unit.
What are the property taxes on 548 Salem St, Malden MA 02148?
Annual property taxes are $8,241 (2025), on an assessed value of $728,000.
What is the price per square foot?
At $699,000 for 2,883 sqft, that's about $242 per square foot.
Where is this property located?
548 Salem St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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