383 Highland Ave Malden — Photo 1 of 37
$1,180,000
Investment Analysis — 383 Highland Ave
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 10-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 2.13% cap rate and $25,094/yr in estimated NOI at the $1,180,000 list price. Adjust every assumption in the calculator below.
Beds
10
Baths
5
SqFt
4,000
Style
Single Family
Built
1900
Open House this Sat & Sun, 7/25 and 7/26, from 11:00 AM to 1:00 PM. Located in the heart of Malden Center, this property offers outstanding investment potential. Just 0.5 miles from the Malden Center Orange Line and close to multiple bus routes, it provides convenient access to downtown Boston and nearby universities, including Northeastern University. Situated on approximately 0.2 acres, the property offers around 4,000 square feet of living space, including a 1,656 sq ft addition completed in 2010. The home features a total of 20 rooms, including 10 bedrooms and 5 full bathrooms. Its flexible layout is ideal for multi-unit use or room-by-room rentals, offering strong income-generating potential. A key highlight is the rare and valuable parking: 5 garage spaces plus 7 additional off-street parking spots—highly desirable in this area and a major advantage for attracting tenants and maximizing rental value. Located in a high-demand rental market with excellent transit access.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,000 sq ft principal dwelling). Lot size: 8,825 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Property History
$1,180,000
Jul 22, 2026
MLS® 73553480
$1,180,000
Jul 15, 2026
MLS® 73502451
$1,180,000
Apr 15, 2026
MLS® 73502451
$1,250,000
Jan 10, 2025
MLS® 73230532
$1,250,000
Apr 30, 2024
MLS® 73230532
Listing Agent: Angela Cui
Listing Office: Keller Williams Realty
MLS® Number: 73553480
