458-460 Ferry St, Malden, MA 02148
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$1,050,000
5 Unit
6 Beds
5 Baths
2588 SQFT
0.07 Acre

Property Description

Prime mixed-use investment opportunity in the heart of Malden! This rare income-generating property features 4 residential units and 1 commercial space, currently operating as a hair salon. The residential units have been updated with modern kitchens, refreshed bathrooms, floorings and fresh paint. Enjoy low-maintenance vinyl siding and a ample sized yard. Conveniently located near shopping centers, supermarkets, schools, public transportation, and major highways, with easy access to Encore Casino. Fully occupied—advance notice required for showings. Please do not disturb the business.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Hot Water Radiators, Steam

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 96600
  • Gross Expenses: 12640
  • Electric Expenses: 240
  • Water/Sewer: 4200
  • INSC: 5200
  • Net Operating Income: 83960

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1938
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73346375
  • Last Updated: 03/21/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/21/2025Active$1,050,000$406MLSPIN
03/17/2025New$1,050,000$406MLSPIN
02/02/2023Expired$999,000$386MLSPIN
01/26/2023Canceled$999,000$386MLSPIN
01/25/2023Temporarily Withdrawn$999,000$386MLSPIN
12/08/2022Active$999,000$386MLSPIN
12/08/2022Active$999,000$386MLSPIN
12/04/2022Price Change$999,000$386MLSPIN
12/04/2022Price Change$999,000$386MLSPIN
12/01/2022New$1,050,000$406MLSPIN
12/01/2022New$1,050,000$406MLSPIN
12/01/2022Expired$1,050,000$406MLSPIN
12/01/2022Expired$1,050,000$406MLSPIN
10/04/2022Active$1,050,000$406MLSPIN
10/04/2022Active$1,050,000$406MLSPIN
09/30/2022Price Change$1,050,000$406MLSPIN
09/30/2022Price Change$1,050,000$406MLSPIN
08/15/2022New$1,120,000$433MLSPIN
08/15/2022New$1,120,000$433MLSPIN

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Seller's Representative: Ngan Vien, eXp Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-21 03:05:00

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