468 Salem St, Malden, MA 02148
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$1,375,000
4 Unit
6 Beds
4 Baths
2671 SQFT
0.13 Acre

Property Description

Turnkey 4-family investment opportunity rebuilt from the studs in 2016 with modern systems, updated finishes and low-maintenance ownership appeal. Ideal for investors seeking strong rental stability or owner-occupants looking to offset living costs with solid in-place income. Positioned on bustling Salem St with an MBTA bus stop directly at the doorstep and easy access to Malden Center/Oak Grove Orange Line stations for seamless commuting into Boston. Convenient to Route 60, Route 1, I-93, and downtown Boston, making this a prime location for tenants. Street parking and minimal landscaping significantly reduce ongoing maintenance and operating expenses. A rare opportunity to own a newer-construction multifamily asset in a high-demand rental market with excellent transit connectivity and long-term appreciation potential.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Bike Path, Highway Access, Laundromat, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails

Financial

  • APOD Available: No
  • Gross Operating Income: 81600
  • Net Operating Income: 81600

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73527683
  • Last Updated: 06/02/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/01/2026New$1,375,000$515MLSPIN

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Seller's Representative: Mission Impossible Team, United Brokers
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 2026-06-02 03:30:00

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