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$ 1,300,000
Est. payment /mo
Price Dropped by $200K
29-31 Sprague St Malden, MA 02148
6 Beds
5 Baths
4,057 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 4,057 sqft
Price per Sqft $320
MLS Listing ID 73531709
Bedrooms 6
Full Baths 5
Year Built 1900
Annual Tax Amount $14,896
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today's competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden's high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
Location
State MA
County Middlesex
Area Forestdale
Zoning ResA
Direction GPS
Exterior
Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
Total Parking Spaces 5
Garage No
Building
Story 5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Greater Metropolitan R. E.