14-16 Ripley St, Malden, MA 02148
View Map
$1,849,000
6 Unit
10 Beds
6 Baths
3282 SQFT
0.23 Acre

Property Description

Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 10
  • Total Full Baths: 6
  • Amenities: Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Walk Out
  • Common Rooms: Dining Room, Living RM/Dining RM Combo, Living Room, Loft
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 138000
  • Gross Expenses: 14352
  • GSE: 1000
  • Electric Expenses: 1000
  • Water/Sewer: 6014
  • INSC: 6338
  • Net Operating Income: 121248

Utilities

  • Energy Features: Insulated Doors
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1885
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73485930
  • Last Updated: 03/16/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/16/2026Active$1,849,000$563MLSPIN
03/12/2026New$1,849,000$563MLSPIN
12/04/2024Sold$1,700,000$518MLSPIN
10/10/2024Under Agreement$1,725,000$526MLSPIN
09/30/2024Active$1,725,000$526MLSPIN
09/26/2024New$1,725,000$526MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Rose Hall, Blue Ocean Realty, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-03-16 03:05:00

Related Properties