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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 6 |
| Living area | 3,282 sqft |
| Lot size | 10,018 sqft |
| Year built | 1885 |
| Price / sqft | $563 |
| County | Middlesex |
| MLS # | 73582174 |
Listing status
| Days on market | 0 days |
| Listed on | September 24, 2026 |
Taxes & financials
| Annual property tax | $10,817 |
| Tax year | 2025 |
| Assessed value | $955,600 |
| Zoning | ResA |
| Gross income (actual) | $138,600/yr |
| Net operating income (actual) | $117,600/yr |
| Total actual rent | $11,550/mo |
Building & lot
| Stories | 7 |
| Total rooms | 16 |
| Lot size | 0.23 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Walk-Out Access, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Vinyl, Laminate |
Utilities & systems
| Heating | Baseboard |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range |
| Appliances | Range, Microwave, Refrigerator |
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 14-16 Ripley St, Malden MA 02148 have?
It is a 6-unit multi-family property with 3,282 sqft of living area, built in 1885.
How long has 14-16 Ripley St, Malden MA 02148 been on the market?
14-16 Ripley St, Malden MA 02148 has been listed for 0 days (since September 24, 2026).
What is the price per unit?
At a list price of $1,849,000 across 6 units, that works out to roughly $308,167 per unit.
What are the property taxes on 14-16 Ripley St, Malden MA 02148?
Annual property taxes are $10,817 (2025), on an assessed value of $955,600.
What is the price per square foot?
At $1,849,000 for 3,282 sqft, that's about $563 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
14-16 Ripley St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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