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INVESTMENT SNAPSHOT
About this property
Opportunity to own a well-located 3-family property near Malden Center, offering excellent access to public transportation (just 0.6 miles to the Malden T), as well as nearby shopping and dining. The first-floor unit features an eat-in kitchen with updated cabinets and laundry hookups, along with spacious rooms and vinyl and laminate flooring throughout. The second-floor unit offers an eat-in kitchen, generous living space, and an in-unit washer and dryer. The third-floor unit includes an updated kitchen and hardwood flooring throughout, plus private laundry in the basement. Additional highlights include a large rear patio, driveway parking for two cars, and a semi-finished basement with an additional bathroom. Recent improvements include updated heating systems for all units, a newer roof, enhanced front-of-the-house masonry and side steps. Ideal for investors or owner-occupants looking to live in one unit while generating rental income from the others. 1st FL vacant,
Property details
| Units | 3 |
| Living area | 2,247 sqft |
| Lot size | 4,732 sqft |
| Year built | 1900 |
| Price / sqft | $442 |
| County | Middlesex |
| MLS # | 73512508 |
Listing status
| Days on market | 24 days |
| Listed on | May 5, 2026 |
Taxes & financials
| Annual property tax | $10,033 |
| Tax year | 2025 |
| Assessed value | $886,300 |
| Zoning | ResA |
| Gross income (actual) | $44,400/yr |
| Net operating income (actual) | $44,400/yr |
| Total actual rent | $3,700/mo |
Building & lot
| Stories | 3 |
| Total rooms | 11 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved |
| Basement | Partially Finished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | Varies per Unit |
| Appliances | Range, Microwave, Refrigerator, Washer, Dryer |
Location
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Listing courtesy of AC Realty — Anna Mean. 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 60 Madison Street, Malden MA 02148 have?
It is a 3-unit multi-family property with 2,247 sqft of living area, built in 1900.
How long has 60 Madison Street, Malden MA 02148 been on the market?
60 Madison Street, Malden MA 02148 has been listed for 24 days (since May 5, 2026).
What is the estimated cap rate on this 3-family in Malden?
Based on area median rents, the estimated cap rate is about 5.9%, with a Signal Score of 93/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $994,000 across 3 units, that works out to roughly $331,333 per unit.
What are the property taxes on 60 Madison Street, Malden MA 02148?
Annual property taxes are $10,033 (2025), on an assessed value of $886,300.
What is the price per square foot?
At $994,000 for 2,247 sqft, that's about $442 per square foot.
Is there parking?
2 total parking spaces (paved).
Where is this property located?
60 Madison Street, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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