Rarely does a property in Malden combine this much living space, land and flexibility. Offering ~2,505 sq. ft. of finished living space across three levels, off-street parking and an expansive ~0.37-acre lot, the property presents a compelling opportunity for investors, owner-occupants and multigenerational families. The main-level unit features 2 bedrooms, an open kitchen/living area, full bath and sun room off the kitchen, with direct access to the rear deck and expansive backyard. The ~829 sq. ft. finished lower level, accessible both internally from the main-level unit and through its own exterior walkout, features a living/family room, bedroom, office/den, full bath and wet bar. The second-floor unit, with its own dedicated exterior entrance, offers 2 bedrooms, full bath and an open kitchen/living area. Beyond the existing two-family use, the substantial rear yard may offer compelling potential for an accessory dwelling unit (ADU) under current state and local regulations. Convenient to MBTA bus service and area amenities. Buyers and/or buyer's agents to perform all due diligence, including verification of ADU eligibility, requirements and approvals.
| Units | 2 |
| Living area | 2,505 sqft |
| Lot size | 16,021 sqft |
| Year built | 1935 |
| Price / sqft | $419 |
| County | Middlesex |
| MLS # | 73596579 |
| Days on market | 0 days |
| Listed on | October 29, 2026 |
| Annual property tax | $9,579 |
| Tax year | 2026 |
| Assessed value | $840,300 |
| Zoning | ResA |
| Gross income (actual) | $31,800/yr |
| Net operating income (actual) | $31,800/yr |
| Total actual rent | $2,650/mo |
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.37 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Shared Driveway, Off Street |
| Basement | Full, Finished, Walk-Out Access, Interior Entry |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Flooring | Wood |
| Heating | Natural Gas, Electric |
| Cooling | Wall Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Disposal, Microwave, Refrigerator, Freezer, Dishwasher |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Answered from the listing data and public map data.
It is a 2-unit multi-family property with 2,505 sqft of living area, built in 1935.
1239 Salem St, Malden MA 02148 has been listed for 0 days (since October 29, 2026).
At a list price of $1,049,000 across 2 units, that works out to roughly $524,500 per unit.
Annual property taxes are $9,579 (2026), on an assessed value of $840,300.
At $1,049,000 for 2,505 sqft, that's about $419 per square foot.
4 total parking spaces (paved drive, shared driveway, off street).
1239 Salem St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.