Active
50 Days on market
203-205 Salem St Malden — Photo 1 of 26

203-205 Salem St Malden — Photo 1 of 26

Recent Drop: $25,000

$1,162,000
$1,137,000

$1,137,000

203-205 Salem St, Malden, MA 02148

Malden, MA 02148

Beds

5

Baths

4

SqFt

4,051

Style

3 Family

Built

1910

Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$281/sqft
Local Avg (Malden)$393/sqft
28% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Malden, MA.

Property Details

Financials

Original Price$1,162,000
Annual Taxes$9,894

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms20
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningNB

Property & Lot

Acres0.12
SqFt Lot5,049
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Refrigerator • Washer/Dryer

Geography

Property History

Price Drop
$1,137,000

Was $1,162,000

Sep 7, 2026

MLS® 73553796

Listed
$1,162,000

Jul 22, 2026

MLS® 73553796

Population

65,906

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$101K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

58.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Fermin Group

Listing Office: Century 21 North East

MLS® Number: 73553796

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