MA
Middlesex
Malden
02148
385-387 Salem St
385-387 Salem St, Malden, MA 02148
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Listing Type
Multi Family
Listing Status
pending
42
$1,350,000

Home Details for 385-387 Salem St

Price
$1,350,000
Type
Residential Income
Bedrooms
6
Bathrooms
4.0
Square feet
6055
Year built
1900
Lot size acres
0.05
County
Middlesex
Total rooms
20
Garage
Basement
Walk-Out Access, Concrete, Unfinished
Days on site
155
MLS Listing#
73373885
Property Description

Nestled in the NB (Neighborhood Business) zone and directly on high-traffic bus routes (106, 108, 411, 430), this mixed-use asset offers seamless access to Malden Center, Sullivan Square (Orange Line), Linden, Somerville, Medford, Everett, Cambridge, and Boston. Surrounded by over 300 active businesses in a thriving commercial corridor, 385-387 Salem Street features four residential units and one commercial space—presenting immediate upside through lease-up of current vacancies. Recent upgrades include 4 new gas hot water tanks for residents and an electric hot water tank for the commercial unit. With separate utilities, ample street parking, and strategic access to Route 60, I-93, Route 1, and the Fellsway (Route 28), this property offers strong income with multiple value-add opportunities. Further due diligence may uncover additional paths for reconfiguration, subject to city permits. A compelling opportunity in a high-demand market for savvy investors. 2 Res & Comm Units vacant.

Property Features
  • Basement
    • Walk-Out Access
    • Concrete
    • Unfinished
  • Cooling Information
    • None
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Pantry
School Information
School Information for 385-387 Salem St, Malden, MA 02148
Elementary School
Salemwood
Middle School
Salemwood
High School
Malden High
Listing Courtesy: Leading Edge Real Estate - 978-289-5860
Presented by: Tanyeli Ballinger
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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