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5-9 Family at 38 Clapp St., Malden MA 02148
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16 photos

$5,700,000

38 Clapp St., Malden MA 02148
Malden, MA 02148
Listed by Carl Christie
Bedrooms
30
Bathrooms
18
Living area
16,512 sqft
Year built
1970

About this home

18-unit brick garden-style apartment building with twelve (12) 2-BR, five (5) 1-BR, and one (1) studio apartment. Many recent improvements to the apartments and the building. Off-street parking, well-located on a side street in the Linden neighborhood of Malden. Fully occupied with existing cash flow and upside potential. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS

Property details

MLS
MLS Property Information Network
MLS #
73538827
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
127
On market date
June 19, 2026
Stories
3
Total bathrooms
18
Garage spaces
N/A
Parking spaces
32
Lot size
0.48 acres

Location

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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.

Elementary
Linden
0.27 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
787
Student:teacher ratio
11.9:1
District
Malden
Middle
Susan B. Anthony Middle School
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
564
Student:teacher ratio
11.1:1
District
Revere
High
Everett High
1.56 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
2,091
Student:teacher ratio
13.2:1
District
Everett

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).

84
Highly walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks11
Schools12
Transit stops20
Pharmacies6

Market position

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

On the market 127 days -- 41 more days than Malden's current average of 86 days.
For reference, the median list price across 457 active listings in Malden right now is $3,600.

Mortgage calculator

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Est. monthly payment
$34,476/mo
$1,140,000 down
$4,560,000 loan
Principal & interest$29,576
Property tax (est.)$4,750
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 18, 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.