$949,000
About this home
Rare opportunity in Malden! 323 Pearl Street offers THREE separate single-family homes situated on one lot, presenting a unique opportunity for investors, owner-occupants, or those seeking a multigenerational living arrangement. Held by the same family for generations and offered for sale for the first time in decades, this is truly a one-of-a-kind property.The property offers six paved off-street parking spaces, a large fenced-in common yard, and a storage shed offering additional storage or potential rental income. Each home also features a generously sized basement, providing ample additional storage space for occupants.Two of the three homes are currently tenant-occupied with Tenancies at Will, providing immediate rental income, while the third home will be delivered vacant. An excellent opportunity for an owner-occupant or investor looking to renovate and maximize the property's potential. Several important improvements have already been completed, including recently updated roofs, chimneys, and mechanical systems. Recent updates include a steam boiler serviced in 2025 and a water heater replaced in 2023 in unit 323, as well as a steam boiler replaced in 2022 in unit 327.With three individual homes, existing rental income, and significant value-add potential, this property offers tremendous flexibility for its next owner. Conveniently located with easy access to Malden Center, Wellington Station, major routes, shopping, and dining, including Assembly Row.323 Pearl Street may also be purchased together with neighboring 333 Pearl Street, presenting a rare opportunity to acquire both properties simultaneously and offering exciting potential for future expansion or redevelopment, subject to buyer due diligence and applicable approvals.
Property details
- MLS #
- 73584283
- Property type
- 3 Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 1
- On market date
- September 30, 2026
- Stories
- 4
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- 6
- Lot size
- 0.26 acres
Location
Get directions →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).
- Enrollment
- 664
- Student:teacher ratio
- 10.5:1
- District
- Everett
- Enrollment
- 458
- Student:teacher ratio
- 10.7:1
- District
- Medford
- 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).
Market position
How this listing compares to current activity in Malden, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 12 hr 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.