
60 Madison Street Malden — Photo 1 of 40
$975,000
Investment Analysis — 60 Madison Street
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02148 carries an estimated $8,610/mo in gross rent — about a 7.02% cap rate and $68,490/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
2,247
Style
3 Family
Built
1900
Back on the market and now delivered fully vacant! Excellent opportunity to own a well-located 3-family property near Malden Center, offering flexibility for both investors and owner-occupants. All three units have been cleaned and refreshed, making the property turnkey and ready for immediate occupancy or rental.Conveniently located just 0.6 miles from the Malden Center T Station, with easy access to public transportation, shopping, dining, and area amenities. The first-floor unit features an eat-in kitchen with updated cabinets, laundry hookups, spacious rooms, and vinyl and laminate flooring throughout. The second-floor unit has been freshly painted and features new kitchen flooring, newly refinished hardwood floors, an eat-in kitchen, generous living space, and an in-unit washer and dryer. The third-floor unit offers an updated kitchen, hardwood flooring throughout, and private laundry in the basement. Additional highlights include a large rear patio, driveway parking for two cars, and a semi-finished basement with an additional bathroom. Recent improvements include updated heating systems for all three units, a newer roof, enhanced front masonry, and improved side steps. With all three units vacant and ready to go, the next owner has the flexibility to set rents, select tenants, or occupy a unit while generating rental income from the others. A great opportunity to own a turnkey 3-family in a convenient Malden location.
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.
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Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • House of Worship • Public School • T-Station
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Property History
$975,000
Sep 8, 2026
MLS® 73572732
$994,000
Jul 1, 2026
MLS® 73512508
$994,000
May 5, 2026
MLS® 73512508
Listing Agent: Anna Mean
Listing Office: AC Realty
MLS® Number: 73572732
