Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 2 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 3 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 4 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 5 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 6 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 7 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 8 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 9 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 10 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 11 of 12
Commercial Sale at 697-705 Salem Street, Malden MA 02148, Malden, photo 12 of 12
12 photos

$1,299,900

697-705 Salem Street, Malden MA 02148
Malden, MA 02148
Listed by Dave DiGregorio
Bedrooms
N/A
Bathrooms
N/A
Living area
7,000 sqft
Year built
1900

About this home

RARE OPPORTUNITY IN MAPLEWOOD SQUARE! ATTENTION INVESTORS AND DEVELOPERS! exceptional opportunity to own a four-unit commercial building along with a two-family home on one lot. The Salem Street commercial building is positioned on a high-traffic, high-visibility corridor, offering excellent exposure and strong rental potential. Ideal for investors seeking attractive income opportunities in a prime location. The two-family home requires major TLC but presents tremendous upside for value-add investors. With improvements, this property offers substantial income and appreciation potential. Multiple possibilities for redevelopment, rental income, or long-term hold in one of the area’s most sought-after neighborhoods. Group showings only.

Property details

MLS #
73477628
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
234
On market date
February 16, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.21 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
Salemwood
0.28 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
934
Student:teacher ratio
11.3:1
District
Malden
Middle
Susan B. Anthony Middle School
1.6 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
564
Student:teacher ratio
11.1:1
District
Revere
High
Malden High
1.06 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).

79
Walkable
out of 100
EPA National Walkability Index
12.8 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks18
Schools20
Transit stops20
Pharmacies6

Market position

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

On the market 234 days -- 154 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

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Est. monthly payment
$7,978/mo
$259,980 down
$1,039,920 loan
Principal & interest$6,745
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 19, 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.