Commercial Sale at 40 Oakland St, Malden MA 02148, Malden
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$1,650,000

40 Oakland St, Malden MA 02148
Malden, MA 02148
Listed by Steven Ultrino
Bedrooms
N/A
Bathrooms
N/A
Living area
3,772 sqft
Year built
1950

About this home

Attention builders, developers, and investors; rare two-parcel opportunity in Malden’s desirable Edgeworth neighborhood. Rarely does a deal like this hit the market. 40 Oakland St, a former function hall with existing structure and off-street parking, sold together with 35 Oakland St, a paved lot directly across the street. Both parcels sit in RES A zoning, ready for your next project. The possibilities here are real, not hypothetical. Less than a mile to Malden Center T station with Orange Line and Commuter Rail access. Routes 60 and 93 are minutes away. Assembly Row, Wellington Circle, and downtown Boston are all close. This is the kind of transit-adjacent, high-demand location that makes the numbers work. Builders, developers, and investors — this won't last. Zoning is for RES A permitted uses and see attachments for parcel details. Please note, this listing only reflects square feet, taxes, and assessments for 40 Oakland Street. Both parcels to be sold at the same time.

Property details

MLS #
73539154
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
110
On market date
June 20, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.3 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Madeline English School
0.6 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
664
Student:teacher ratio
10.5:1
District
Everett
Middle
Madeleine Dugger Andrews
1.1 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
458
Student:teacher ratio
10.7:1
District
Medford
High
Malden High
0.95 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, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies12

Market position

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

On the market 110 days -- 30 more days than Malden's current average of 80 days.
For reference, the median list price across 422 active listings in Malden right now is $3,700.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$10,086/mo
$330,000 down
$1,320,000 loan
Principal & interest$8,561
Property tax (est.)$1,375
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 27, 2026.

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.