Turn-key two family. Two units, two levels each. One is vacant and ready for you. This Forestdale home fits an owner occupant or an investor. Move into the open unit and let the other help pay the mortgage. Or set your own rent from day one and run it as a full income property. Owner occupants may qualify for Malden's residential tax exemption. Unit 1 lives like a townhouse. The main floor has a great layout, hardwood floors, and a kitchen with quartz counters and stainless steel appliances. A spiral staircase leads down to a finished walk-out lower level with a second full bath, flexible living space, and laundry. Unit 2 takes the top two floors. The living room opens to a cathedral ceiling kitchen with a skylight. It has three bedrooms, one on the main level and two on the upper level, plus laundry in the unit. Each unit has its own entrance and its own high-efficiency gas system for heat and on-demand hot water. The fenced, two-tier paver patio gives you room to cook out, relax, and entertain. It has raised garden beds and a screened gazebo. There is no grass to mow, so upkeep stays easy. You also get four off-street parking spaces on a 5,044 square foot lot. The location does the rest. Oak Grove Station is about 0.8 miles away with the Orange Line and the Haverhill commuter rail. Malden Center is about 1.3 miles. Recent MBTA track and signal work means faster trains into Boston. Route 1, I-93, and Logan Airport are all close. Pine Banks Park is nearby with 108 acres of trails, ball fields, and a dog park. Trafton Park, the Middlesex Fells, and the Northern Strand bike trail are close too. Downtown Malden's restaurants are minutes away, and the new Malden River Works park opens this October. Forestdale School, K to 8, is about half a mile away. MelroseWakefield Hospital is a short drive. And Bainbridge Street is a local favorite on Halloween night. Take the 3D tour. Showings start September 26. Excellent turn-key opportunity!
| Units | 2 |
| Living area | 3,297 sqft |
| Lot size | 5,044 sqft |
| Year built | 1890 |
| Price / sqft | $318 |
| County | Middlesex |
| MLS # | 73581104 |
| Days on market | 0 days |
| Listed on | September 22, 2026 |
| Annual property tax | $11,066 |
| Tax year | 2026 |
| Assessed value | $970,700 |
| Zoning | RESA |
| Gross income (actual) | $42,000/yr |
| Net operating income (actual) | $38,836/yr |
| Total actual rent | $3,500/mo |
| Insurance expense | $2,284/yr |
| Stories | 4 |
| Total rooms | 14 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Off Street |
| Basement | Full, Finished, Walk-Out Access, Interior Entry |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Vinyl, Hardwood |
| Heating | Baseboard, Hot Water, Natural Gas |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range |
More about investing in Malden →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 2-unit multi-family property with 3,297 sqft of living area, built in 1890.
323 Bainbridge St, Malden MA 02148 has been listed for 0 days (since September 22, 2026).
At a list price of $1,050,000 across 2 units, that works out to roughly $525,000 per unit.
Annual property taxes are $11,066 (2026), on an assessed value of $970,700.
At $1,050,000 for 3,297 sqft, that's about $318 per square foot.
4 total parking spaces (off street).
323 Bainbridge 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.