Turnkey and cash-flowing from day one, this impressive 3-family is already bringing in $10,620 per month in income while offering the long-term upside smart investors chase. Set in Malden’s desirable Fellsway neighborhood, the property features three spacious 4-bed/1-bath units with updated kitchens, modernized electrical, plumbing, and heating systems, plus private front and rear decks that add everyday livability and tenant appeal. Designed for simple management with common laundry and separately metered utilities, this location also puts residents minutes from Malden Center, the Orange Line, Route 28, and I-93. Surrounded by shops, restaurants, parks, and schools, this is a rare opportunity to secure a high-performing asset in one of Greater Boston’s fastest-growing pockets. Whether you’re expanding a portfolio or planning to live in one unit while letting the others pay the mortgage, this property checks every box.
| Units | 3 |
| Living area | 4,077 sqft |
| Lot size | 5,306 sqft |
| Year built | 1900 |
| Price / sqft | $380 |
| County | Middlesex |
| MLS # | 73448698 |
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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 3-unit multi-family property with 4,077 sqft of living area, built in 1900.
At a list price of $1,550,000 across 3 units, that works out to roughly $516,667 per unit.
At $1,550,000 for 4,077 sqft, that's about $380 per square foot.
84 Fellsway E, 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.