203-205 Salem St Malden — Photo 1 of 26
Recent Drop: $25,000
$1,137,000
Investment Analysis — 203-205 Salem St
Malden, MA 02148
Based on rent reported on the MLS listing, a 3-unit multi-family in 02148 carries $1,975/mo in gross rent — about a 0.71% cap rate and $8,118/yr in estimated NOI at the $1,137,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
4,051
Style
3 Family
Built
1910
Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer/Dryer
Geography
Property History
$1,137,000
Was $1,162,000
Sep 7, 2026
MLS® 73553796
$1,162,000
Jul 22, 2026
MLS® 73553796
Listing Agent: Fermin Group
Listing Office: Century 21 North East
MLS® Number: 73553796
