563-565 Salem Street

Malden, MA 02148

$1,139,900
Price
7
Beds
3
Baths
2,312 Sq. Ft.
$493 / Sq. Ft.
2,312
Sq. Ft.
$493
per Sq. Ft.

Description

Location! Location! This well-maintained 3-family home offers a fantastic investment opportunity in a highly desirable location. Situated close to shopping and transportation, and a 1.5 mile from Malden Center and the MBTA station. The property features: UNIT1- 3 rooms, 1 bedroom, 1 bathroom; UNIT2 - 4 rooms, 2 bedrooms, 1 bathroom; UNIT3 - 7 rooms, 4 bedrooms, 1 bathroom. Each unit boasts hardwood floors and benefits from an efficient tankless water heater and gas heating system. The property also...Location! Location! This well-maintained 3-family home offers a fantastic investment opportunity in a highly desirable location. Situated close to shopping and transportation, and a 1.5 mile from Malden Center and the MBTA station. The property features: UNIT1- 3 rooms, 1 bedroom, 1 bathroom; UNIT2 - 4 rooms, 2 bedrooms, 1 bathroom; UNIT3 - 7 rooms, 4 bedrooms, 1 bathroom. Each unit boasts hardwood floors and benefits from an efficient tankless water heater and gas heating system. The property also includes a newer roof, vinyl siding, ample parking spaces, and a 2-car garage. This combination of features makes it an excellent investment opportunity. It's also a great opportunity for a first-time home buyer who wants to live in a location close to everything, within minutes of Boston. Rents are below market value; all tenants are TAW.
  1. Listed by Manoel Neto • LAER Realty Partners

Property Details for 563-565 Salem Street

Town
Malden
Area
MA-Malden
Garage Spaces
2
Parking Spaces
7.00
Parking Spaces Total
9
LISTING UPDATED: 09/09/2024 03:08 AM

Property Details for 563-565 Salem Street

StatusActive
MLS #73277232
Days on Market34
Taxes$8,530 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1870
CountyMiddlesex County

Building Information for 563-565 Salem Street

Stories6Residences3Year Built1870Building Size-Lot Size0.13 AC / 5,484 SF

Property Information for 563-565 Salem Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
  • Living Area: 2312.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Partial, Walk Out
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Wood
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 599996
  • Assessments: $729,900
  • Book: 66378
  • Tax Year: 2024
  • Zoning: ResA
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $58,800.00
  • Insurance: $3,048.00
  • GRE: $9,048
  • NOI: $49,752.00
  • Operating Expense: $9,048.00
  • WSE: $6,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $4,900.00

Property History for 563-565 Salem Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 563-565 Salem Street

Taxable ValueLand$269,400Additions$460,300Total$729,700
Tax Record2024$8,530 ($711 / month)
Home Facts
Baths4.5Total Finished SqFt2,312 SqFtAbove Grade Finished SqFt2,312 SqFtUnfinished Basement SqFt1,070 SqFtStories2Lot Size5,484 SqFtStyleTriplexYear Built1870ZoningRESACountyMIDDLESEXAPNMALD M:129 B:651 L:103

Schools near 563-565 Salem Street

This home is within Malden School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Salemwood School
PublicK to 8

Malden High School
Public9 to 12

Forestdale School
PublicK to 8

Linden School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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563-565 Salem Street is a multi-family home for sale in Malden, MA 02148. This property was listed for sale on August 13, 2024 by LAER Realty Partners, it's currently listed at $1,139,900. It has been on the market for a total of 34 days and was last sold on November 13, 2015. This listing's school district is Malden School District. Nearby schools include Salemwood School, Malden High School and Forestdale School. 563-565 Salem Street is a 7-bed, 3-bath, 2,312 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners, Manoel Neto

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.