$1,500,000 ($369.73 per sqft)

Est. Mortgage $7,195/mo *

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29-31 Sprague St, Malden, (Forestdale), MA, 02148

29-31 Sprague St, Malden, (Forestdale), MA, 02148
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17 rooms

6 beds

5 Full baths

1900

4,057 sqft

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.

Status:

Active

Town:

Malden

Type:

Multi-family

Units:

5

Zoning:

ResA

Levels:

5

Parking:

5-car, Paved Drive

Acreage:

0.14

Est. Taxes:

$14,896

Assessment

$1,315,900

Amenities:

Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University

MLS #:

73531709

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Ryan Foley, Greater Metropolitan R. E. 617-523-2505