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

Property Description

Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden 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: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 138600
  • Net Operating Income: 117600

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: Laminate, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73582174
  • Last Updated: 09/28/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2026Active$1,849,000$563MLSPIN
09/24/2026New$1,849,000$563MLSPIN
05/03/2026Canceled$1,849,000$563MLSPIN
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

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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

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MLS PIN data last updated at 2026-09-28 03:05:00

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