
203-205 Salem St Malden — Photo 1 of 26
Recent Drop: $25,000
$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
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Malden, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer/Dryer
Geography
Property History
$1,137,000
Was $1,162,000
Sep 7, 2026
MLS® 73553796
$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 Agent: Fermin Group
Listing Office: Century 21 North East
MLS® Number: 73553796
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