Multi Family
29-31 Sprague St
Malden, MA 2148 · MLS 73531709
$1,300,000
- Beds—
- Baths—
- Sq Ft4,057
- Year1900
- Style—
- $ / Sq Ft$320
- HOA—
- Taxes$14,896
- Parking5
- Lot6255.0
- MLS73531709
- StatusActive
About this home
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29-31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today's competitive market. Off-street parking provides significant added value - a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden's high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
Location
More about Malden
| Malden Profile | Snapshot |
|---|---|
| Primary Vibe | Diverse and family-friendly city with Orange Line access, parks, and residential streets. Popular with buyers seeking relative value and transit convenience. |
| Housing Prices | More approachable than many closer areas. Prices vary by condition and location. Multi-family homes offer rental potential. |
| Commute to Boston | Orange Line terminus provides direct access. Bus and driving options exist. Parking is generally more available than downtown. |
| Schools | Served by Malden Public Schools. Confirm assignments with the district. |
| Market | Demand supported by transit and location. Updated properties near the Orange Line attract interest. |
| Housing Styles | Single-family homes, condominiums, multi-family properties, and townhouses. Condition varies. |
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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.