Excellent opportunity to own a well-maintained multifamily in a prime Malden location. Unit 1 is a garden level TAW-leased 1B/1BA with low ceilings. Unit 2 is an updated 1B/1BA second floor unit with private deck (tenant vacating 3/31). Unit 3 is a townhouse style vacant 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own utilities. Nestled in a quiet neighborhood with on-street parking (no driveway). Conveniently located near bus routes, restaurants and shops, and about 1 mile to Malden Center and Oak Grove T stops - key drivers of demand in Malden’s strong rental market. This is a solid opportunity for investors seeking a stabilized asset or owner-occupants looking to offset expenses with rental income.
Sold for $870,000
$870,000
40 Clark St, Malden, MA 02148
4beds
2,523sqft
3 Family
Built in 1900
-- sqft lot
$869,100 Zestimate®
$345/sqft
$3,139 Estimated rent
Home value
$869,100
$817,000 - $930,000
$3,139/mo
Zestimate® history
Owner options
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$3,139/mo
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$3,139/mo
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$5,317/mo
Est. payment
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$5,317/mo
Est. payment
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List your homeWhat's special
Private deckUpdated countertops and cabinetsOn-street parkingWood flooring
Zillow last checked:
Listing updated:
Listed by:
Prescott White 617-830-2624,
Commonwealth Properties Residential, LLC 617-600-8415
Bought with:
Ebere Anosike
Amara Realty
Source: MLS PIN,MLS#: 73468369
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Natural Gas
Appliances
- Included: Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Walk-In Closet(s), Bathroom With Tub & Shower, Pantry, Storage, Bathroom with Shower Stall, Living Room, Kitchen
- Flooring: Wood
- Basement: Finished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,523
- Total interior livable area: 2,523 sqft
- Finished area above ground: 2,523
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Exterior features: Balcony/Deck, Balcony
Lot
- Size: 2,152 sqft
- Features: Cleared
Details
- Parcel number: M:093 B:703 L:331,597616
- Zoning: ResA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Public School, T-Station
Location
- Region: Malden
HOA & financial
Other financial information
- Total actual rent: 1550
Other
Other facts
- Listing terms: Contract
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Sold | $870,000-3.3%$345/sqft |
Source: MLS PIN #73468369 Report a problem | ||
| 5/26/2026 | Pending sale | $900,000$357/sqft |
Source: MLS PIN #73468369 Report a problem | ||
| 3/11/2026 | Listed for sale | $900,000-5.3%$357/sqft |
Source: MLS PIN #73468369 Report a problem | ||
| 2/18/2026 | Contingent | $949,900$376/sqft |
Source: MLS PIN #73468369 Report a problem | ||
| 1/14/2026 | Listed for sale | $949,900+89.6%$376/sqft |
Source: MLS PIN #73468369 Report a problem | ||
| 7/2/2018 | Sold | $501,000+0.9%$199/sqft |
Source: Public Record Report a problem | ||
| 5/9/2018 | Price change | $496,600-5%$197/sqft |
Source: REALHome Services and Solutions #72325343 Report a problem | ||
| 4/19/2018 | Price change | $522,700+34%$207/sqft |
Source: REALHome Services and Solutions #72325343 Report a problem | ||
| 4/14/2018 | Price change | $390,000-25.4%$155/sqft |
Source: Real Home Services and Solutions, Inc. #72307848 Report a problem | ||
| 4/7/2018 | Price change | $522,700-5%$207/sqft |
Source: REALHome Services and Solutions #72307848 Report a problem | ||
| 3/10/2018 | Price change | $550,150-5%$218/sqft |
Source: REALHome Services and Solutions #72276575 Report a problem | ||
| 2/28/2018 | Listed for sale | $579,100$230/sqft |
Source: REALHome Services and Solutions #72276575 Report a problem | ||
| 2/28/2018 | Pending sale | $579,100$230/sqft |
Source: REALHome Services and Solutions #72276575 Report a problem | ||
| 1/9/2018 | Price change | $579,100-5%$230/sqft |
Source: MASS REALTY ADVISORS #72256572 Report a problem | ||
| 11/17/2017 | Listed for sale | $609,500+37.5%$242/sqft |
Source: Mass Realty Advisors #72256572 Report a problem | ||
| 2/28/2017 | Sold | $443,360+14%$176/sqft |
Source: Public Record Report a problem | ||
| 8/3/2013 | Listing removed | $389,000$154/sqft |
Source: Coldwell Banker Residential Brokerage - Brookline #71547550 Report a problem | ||
| 7/23/2013 | Price change | $389,000-2.5%$154/sqft |
Source: Coldwell Banker Residential Brokerage - Brookline #71547550 Report a problem | ||
| 6/27/2013 | Listed for sale | $399,000+37.6%$158/sqft |
Source: Coldwell Banker Residential Brokerage - Brookline #71547550 Report a problem | ||
| 12/27/2005 | Sold | $290,000-9.2%$115/sqft |
Source: Public Record Report a problem | ||
| 3/24/2005 | Sold | $319,500+68.2%$127/sqft |
Source: Public Record Report a problem | ||
| 1/10/2000 | Sold | $190,000+40.7%$75/sqft |
Source: Public Record Report a problem | ||
| 7/6/1990 | Sold | $135,000+22.7%$54/sqft |
Source: Public Record Report a problem | ||
| 5/2/1990 | Sold | $110,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,822 +3.4% | $691,000 +6.8% |
| 2024 | $7,566 +3.9% | $647,200 +8.4% |
| 2023 | $7,279 +4.5% | $597,100 +5.8% |
| 2022 | $6,968 +4.1% | $564,200 +3.6% |
| 2021 | $6,691 +2.8% | $544,400 +5.8% |
| 2020 | $6,507 +3.7% | $514,400 +8.8% |
| 2019 | $6,273 -8% | $472,700 -2.3% |
| 2018 | $6,815 +2.1% | $483,700 +2.7% |
| 2017 | $6,677 +2.8% | $471,200 +10% |
| 2016 | $6,496 +3.4% | $428,500 +7.3% |
| 2015 | $6,283 +6.2% | $399,400 +8.7% |
| 2014 | $5,918 +6.9% | $367,600 +5.5% |
| 2013 | $5,536 +14.4% | $348,600 +3.3% |
| 2012 | $4,838 +4.5% | $337,600 -0.9% |
| 2011 | $4,628 +2.4% | $340,800 -6.6% |
| 2010 | $4,520 +4.7% | $364,800 -16.3% |
| 2009 | $4,318 +6.5% | $435,700 -2.8% |
| 2008 | $4,054 +21.1% | $448,400 +10.5% |
| 2007 | $3,349 +6% | $405,900 +5.5% |
| 2006 | $3,158 +0.4% | $384,700 +6.3% |
| 2005 | $3,144 +1.3% | $361,800 +3.9% |
| 2004 | $3,103 +8.9% | $348,300 +71.8% |
| 2003 | $2,850 +3.8% | $202,700 |
| 2002 | $2,745 +33.3% | $202,700 +71.5% |
| 2000 | $2,060 +3.4% | $118,200 |
| 1999 | $1,992 | $118,200 |
Find assessor info on the county website
Neighborhood: Forestdale
Nearby schools
GreatSchools rating
- 4/10Salemwood SchoolGrades: K-8Distance: 0.5 mi
- 4/10Malden High SchoolGrades: 9-12Distance: 0.4 mi
- 7/10Ferryway SchoolGrades: K-8Distance: 0.7 mi
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Estimated market value
$869,100
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Estimated market value
$869,100
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