14-16 Ripley St, Malden, MA, 02148
Property Details
10
6
multi family
Description
Multi Family in Malden, MA - Bedrooms: 10 - Bathrooms: 6 - Area: 3282 sqft - Year Built: 1885 - Lot: 10018 sqft
Listing Agent: Yueji Hall Brokerage: Blue Ocean Realty, Llc
Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.
Location
Address
14-16 Ripley St, Malden, MA, 02148
City
Malden
Features and Finishes
Bedrooms: 10, Total Rooms: 16, Basement Features: Full, Walk-Out Access, Concrete, Total Bathrooms: 6, Full Bathrooms: 6, Remodeled, Living RM/Dining RM Combo, Living Room, Dining Room, Loft, Door Features: Insulated Doors, Flooring: Vinyl, Laminate, Hardwood, Range, Microwave, Refrigerator, Heating Features: Baseboard, Heating: Yes, Patio And Porch Features: Porch, Deck, Road Frontage Type: Public, Porch: Yes, Deck: Yes, Lot Description: Level, Lot Size Acres: 0.2299816, Lot Size Square Feet: 10018, Parking Features: Off Street, Parking Total: 3, Gross Income: 138000, Gross Scheduled Income: 1000, Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water), Number of Units: 6, Community Features: Public Transportation, Shopping, Annual Tax Amount: 10817, Tax Block: 854, Source Listing Status: Active, County: Middlesex, Directions: Main St turn left into Ripley St, Tax Year: 2025, Source Property Type: Residential Income, Home Warranty: No, Insurance Expense: 6338, Parcel
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