Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
For sale
Price cut: $200K (10/9)
$1,300,000
29-31 Sprague St, Malden, MA 02148
6beds
4,057sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$320/sqft
$-- HOA
What's special
- 122 days
- 306
- 12
Zillow last checked:
Listing updated:
Listed by:
Ryan Bartlett 781-223-4234,
Greater Metropolitan R. E. 617-523-2505
Source: MLS PIN,MLS#: 73531709
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,057
- Total interior livable area: 4,057 sqft
- Finished area above ground: 4,057
Property
Parking
- Total spaces: 5
- Parking features: Paved Drive
- Uncovered spaces: 5
Lot
- Size: 6,255 Square Feet
Details
- Parcel number: M:074 B:262 L:204,595523
- Zoning: ResA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Brick/Mortar
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
Location
- Region: Malden
Financial & listing details
- Price per square foot: $320/sqft
- Tax assessed value: $1,315,900
- Annual tax amount: $14,896
- Date on market: 6/12/2026
- Total actual rent: 11000
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Price change | $1,300,000-13.3%$320/sqft |
Source: MLS PIN #73531709 Report a problem | ||
| 6/8/2026 | Listed for sale | $1,500,000$370/sqft |
Source: MLS PIN #73531709 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Forestdale
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