MA
Middlesex
Malden
02148
14-16 Ripley St
14-16 Ripley St, Malden, MA 02148
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Listing Type
Multi Family
Listing Status
Active
37
$1,849,000

Home Details for 14-16 Ripley St

Price
$1,849,000
Type
Residential Income
Bedrooms
10
Bathrooms
6.0
Square feet
3282
Year built
1885
Lot size acres
0.23
County
Middlesex
Total rooms
16
Garage
Basement
Full, Walk-Out Access, Concrete
Days on site
3
MLS Listing#
73485930
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 Features
  • Basement
    • Full
    • Walk-Out Access
    • Concrete
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Blue Ocean Realty, LLC - 617-206-5700
Presented by: Rose Hall
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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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