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For sale
  • $1,162,000

    203-205 Salem St, Malden, MA 02148

    5beds
    4,051sqft
    : 
    $7,580/mo
    Get pre-qualified
    3 Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $287/sqft
    $-- HOA

    What's special

    Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.
    8 days
    |
    491
    |
    16
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Fermin Group 978-423-6545,

    Century 21 North East 978-208-0449,

    April Dennis 806-300-7872

    Source: MLS PIN,MLS#: 73553796

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Appliances
      • Included: Range, Refrigerator, Washer/Dryer
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 4,051
      • Total interior livable area: 4,051 sqft
      • Finished area above ground: 4,051
      • Finished area below ground: 1,941

      Property

      Parking
      • Total spaces: 3
      • Uncovered spaces: 3
      Lot
      • Size: 5,049 Square Feet
      • Features: Corner Lot
      Details
      • Parcel number: 597758
      • Zoning: NB

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: 3 Family
      Materials
      • Foundation: Concrete Perimeter
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Malden

      Financial & listing details

      • Price per square foot: $287/sqft
      • Tax assessed value: $867,900
      • Annual tax amount: $9,894
      • Date on market: 7/22/2026
      • Total actual rent: 1975

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Listed for sale$1,162,000$287/sqft
        Source: MLS PIN #73553796 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Faulkner

        Getting around

        87 / 100
        Very Walkable
        54 / 100
        Good Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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