Multi Family

1239 Salem St

Malden, MA 2148 · MLS 73596579

$1,049,000

2,505 sqft

  • Beds—
  • Baths—
  • Sq Ft2,505
  • Year1935
  • Style—
  • $ / Sq Ft$419
  • HOA—
  • Taxes$9,579
  • Parking4
  • Lot16021.0
  • MLS73596579
  • StatusActive

About this home

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.

Location

DirectionsMore in Malden

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.