14-16 Ripley St, Malden, MA 02148
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14-16 Ripley St, Malden, MA 02148
14-16 Ripley St, Malden, MA 02148
14-16 Ripley St, Malden, MA 02148
14-16 Ripley St, Malden, MA 02148
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 1,849,000
Est. payment /mo
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Open Sun 12PM-1:30PM

14-16 Ripley St Malden, MA 02148

10 Beds

6 Baths

3,282 SqFt

Open House

Sun Apr 26, 12:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 3,282 sqft

Price per Sqft $563

MLS Listing ID 73485930

Bedrooms 10

Full Baths 6

Year Built 1885

Annual Tax Amount $10,817

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type 5+ Family - 5+ Units Side by Side

Property Description

Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.

Location

State MA

County Middlesex

Zoning ResA

Direction Main St turn left into Ripley St

Rooms

Basement Full, Walk-Out Access, Concrete

Interior

Interior Features Remodeled, Living RM/Dining RM Combo, Living Room, Dining Room, Loft

Heating Baseboard

Flooring Vinyl, Laminate, Hardwood

Appliance Range, Microwave, Refrigerator

Exterior

Community Features Public Transportation, Shopping

Utilities Available for Gas Range, for Electric Range

Roof Type Shingle

Total Parking Spaces 3

Garage No

Building

Lot Description Level

Story 7

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Blue Ocean Realty, LLC

NEARBY SCHOOL & BUSINESS

Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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14-16 Ripley St

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