615 Salem St Malden — Photo 1 of 37
$1,200,000
Investment Analysis — 615 Salem St
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 7-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 2.41% cap rate and $28,881/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
2.5
SqFt
4,520
Style
Single Family
Built
1900
Massive single family PLUS ADU in the heart of Malden Center! This property boasts over 4,500 square feet of interior living space on a 6,500+ square foot lot — an incredible amount of space rarely found at this price point. The 1st floor offers 2 bedrooms and 1.5 baths across 7 rooms, while the 2nd floor features 5 bedrooms and 1 bath across 9 rooms. Completely upgraded top to bottom, including a 400+ amp electrical service, replacement windows and newroof, updated plumbing, and a fully remodeled interior with modern kitchens and bathrooms in both units. Stay comfortable year-round with an energy-efficient HVAC system featuring heat pumps, and enjoy the convenience of in-unit laundry. Outside, take advantage of an expansive 8-car driveway plus a 2-car garage — parking for up to 10 vehicles. Unbeatable location just steps from Malden Center's shops, restaurants, and MBTA access (Orange Line & Commuter Rail) for an easy commute into Boston. A truly massive, move-in-ready property — don't miss this one!
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 4,520 sq ft principal dwelling). Lot size: 6,547 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.
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Property History
$1,200,000
Sep 10, 2026
MLS® 73575120
$550,000
Sep 10, 2026
MLS® 73575115
$650,000
Sep 10, 2026
MLS® 73575118
$1,200,000
Sep 9, 2026
MLS® 73575114
$599,900
Jun 1, 2025
MLS® 73358482
$599,900
Apr 10, 2025
MLS® 73358482
Listing Agent: Luca A. Amara
Listing Office: LA Realty and Property Consulting, LLC
MLS® Number: 73575114
