Home Homes for Sale 14-16 Ripley St, Malden MA 02148
$1,849,000
$563/sqft · Malden, MA
10Beds
6Baths
3,282Sqft
0.23 acresLot Size
14-16 Ripley St, Malden MA 02148
Active Listed 4 days ago
5+ Family - 5+ Units Side by Side Built in 1885 0.23 Acre Lot 3 Parking Spaces

What's Special

5+ Family - 5+ Units Side by SideBuilt in 18853 Parking Spaces

Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.

Location

Property Details

Core Details

Property Type5+ Family - 5+ Units Side by Side
Year Built1885
Parcel Number594146
ZoningResA
Stories7
MLS #73582174

Space & Sizing

Living Area3,282 sqft
Above Grade3,282 sqft
Total Rooms16
Bedrooms10
Bathrooms6
Lot Size0.23 acres

Features & Systems

Parking3 Parking Spaces
Open Parking3
ConstructionFrame
FoundationStone
RoofShingle
HeatingBaseboard
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Appliances
Microwave Range Refrigerator
Community Features
Public Transportation Shopping
Door Features
Insulated Doors
Flooring
Laminate Vinyl
Green Energy Efficient
Varies per Unit
Interior Features
Dining Room Living RM/Dining RM Combo Living Room Loft
Levels
7
Lot Features
Level
Lead Paint
Unknown
Parking Features
Off Street Paved Drive
Patio And Porch Features
Deck Porch
Rent Includes
Unit 1(Water) Unit 2(Water) Unit 3(Water) Unit 4(Water)
Utilities
for Electric Range for Gas Range

Additional Information

Disclosures: Income based on all 6 units' fixed leases.

Directions: Main St turn left into Ripley St

Financial Details

Annual Taxes$10,817 (2025)
Assessed Value$955,600
Gross Income$138,600
Net Operating Income$117,600
Tax Map / Block / Lot047 / 854 / 437
Tax Book Number83529
Listed on Sep 24, 2026 Updated Sep 28, 2026 7:05 AM Middlesex County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73582174

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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