29-31 Sprague St Malden — Photo 1 of 40
$1,500,000
Investment Analysis — 29-31 Sprague St
Malden, MA 02148 — Forestdale
Based on rent reported on the MLS listing, a 5-unit multi-family in 02148 carries $11,000/mo in gross rent — about a 5.69% cap rate and $85,424/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
5
SqFt
4,057
Style
5+ Family - 5+ Units Up/Down
Built
1900
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
Geography
Listing Agent: Ryan Bartlett
Listing Office: Greater Metropolitan R. E.
MLS® Number: 73531709
