Active
4 Days on market
60 Madison Street Malden — Photo 1 of 40

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.

View Standard Listing

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.

Open Houses

Property Details

Financials

Original Price$975,000
Annual Taxes$10,033

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood, Vinyl
BasementNone

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningResA

Property & Lot

Acres0.07
SqFt Lot3,049
Lot FeaturesSloped

Amenities & Appliances

Range • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • House of Worship • Public School • T-Station

Geography

Property History

Listed
$975,000

Sep 8, 2026

MLS® 73572732

Terminated
$994,000

Jul 1, 2026

MLS® 73512508

Listed
$994,000

May 5, 2026

MLS® 73512508

Listing Provided By

Listing Agent: Anna Mean

Listing Office: AC Realty

MLS® Number: 73572732