Sold for $1,075,000

$1,075,000

563-565 Salem St, Malden, MA 02148

7beds

2,312sqft

3 Family - 3 Units Up/Down

Built in 1870

-- sqft lot

$-- Zestimate^®

$465/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$6,623/mo

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$6,623/mo

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What's special

Location! Location! This well-maintained 3-family home offers a fantastic investment opportunity in a highly desirable location. Situated close to shopping and transportation, and a 1.5 mile from Malden Center and the MBTA station. The property features: UNIT1- 3 rooms, 1 bedroom, 1 bathroom; UNIT2 - 4 rooms, 2 bedrooms, 1 bathroom; UNIT3 - 7 rooms, 4 bedrooms, 1 bathroom. Each unit boasts hardwood floors and benefits from an efficient tankless water heater and gas heating system. The property also includes a newer roof, vinyl siding, ample parking spaces, and a 2-car garage. This combination of features makes it an excellent investment opportunity. It's also a great opportunity for a first-time home buyer who wants to live in a location close to everything, within minutes of Boston. Rents are below market value; all tenants are TAW.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 3
Full bathrooms: 3

Features

Flooring: Hardwood
Basement: Partial,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 2,312
Total interior livable area: 2,312 sqft

Property

Parking

Total spaces: 9
Parking features: Paved Drive, Off Street
Garage spaces: 2
Uncovered spaces: 7

Features

Patio & porch: Deck - Wood

Lot

Size: 5,484 sqft

Details

Parcel number: 599996
Zoning: ResA

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family - 3 Units Up/Down

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1870

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station

Location

Region: Malden

HOA & financial

Other financial information

Total actual rent: 4900

Price history

Date	Event	Price
1/9/2025	Sold	$1,075,000-5.7%$465/sqft
Source: MLS PIN #73277232 Report a problem
10/1/2024	Contingent	$1,139,900$493/sqft
Source: MLS PIN #73277232 Report a problem
9/5/2024	Price change	$1,139,900-4.2%$493/sqft
Source: MLS PIN #73277232 Report a problem
8/13/2024	Listed for sale	$1,190,000$515/sqft
Source: MLS PIN #73277232 Report a problem