5+ Family - 5+ Units Side by Side at 14-16 Ripley St, Malden MA 02148, Malden
5+ Family - 5+ Units Side by Side at 14-16 Ripley St, Malden MA 02148, Malden, photo 2 of 33
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33 photos

$1,849,000

14-16 Ripley St, Malden MA 02148
Malden, MA 02148
Listed by Rose Hall
Bedrooms
10
Bathrooms
6
Living area
3,282 sqft
Year built
1885

About this home

Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.

Property details

MLS #
73582174
Property type
5+ Family - 5+ Units Side by Side
Subdivision
N/A
Status
Active
Days on market
1
On market date
September 24, 2026
Stories
7
Total bathrooms
6
Garage spaces
N/A
Parking spaces
3
Lot size
0.23 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Beebe
0.75 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
935
Student:teacher ratio
13.6:1
District
Malden
Middle
Melrose Middle
2.07 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
844
Student:teacher ratio
14.3:1
District
Melrose
High
Malden High
0.53 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,757
Student:teacher ratio
14.1:1
District
Malden

Walkability

Blended score for Malden's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores11
Parks20
Schools20
Transit stops20
Pharmacies7

Market position

How this listing compares to current activity in Malden, from live MLS data.

On the market 1 days -- 75 fewer days than Malden's current average of 76 days.
For reference, the median list price across 384 active listings in Malden right now is $3,800.

Mortgage calculator

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Est. monthly payment
$11,285/mo
$369,800 down
$1,479,200 loan
Principal & interest$9,594
Property tax (est.)$1,541
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.