697-705 Salem Street, Malden, MA 02148
Middlesex County
Key Facts
Description
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 Information
Property Type
Commercial Sale
Year Built
1900
Living Area
7,000 sq ft
Lot Size
0.21 acres
Zoning
COMMERCIAL
MLS® Listing#
73477628
Property Features
Roof
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
600355
Directions
SALEM STREET
Affordability Calculator
$259,980
Estimated monthly payment
$6,919/mo
Principal $1,039,920 · Est. interest $1,450,781 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Malden, MA
- $804,762
- Median Listing Price
- 32
- Median Days on Market
- 2,009
- Median Sq Ft
- $413
- Median Price / Sq Ft
- 67
- Active Listings
- This home’s price is 62% above the area median.
- Its price per sq ft is 55% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Malden, MA.
Location
- 697-705 Salem Street, Malden, MA 02148
Points of Interest in Malden, MA
Showing the Malden area map.
Nearby Schools
Champions at Mystic Valley Regional Charter
School · 0.1 mi away
Mystic Valley Regional Charter School Alumni Page
Secondary · 0.1 mi away
Salemwood Elementary School
Elementary · 0.3 mi away
Malden Catholic High School
Secondary · 0.4 mi away
Linden School
Elementary · 0.6 mi away
Forestdale
Elementary · 0.6 mi away
Ripley School
Elementary · 0.8 mi away
Lafayette School
Elementary · 0.8 mi away
Lincoln Middle School
School · 0.9 mi away
Ferryway School
Elementary · 1.1 mi away
Community City Church
Elementary · 1.1 mi away
Malden High School
Secondary · 1.1 mi away
Hoover Elementary School
Elementary · 1.1 mi away
Cheverus School
Secondary · 1.2 mi away
Ferry English School
School · 1.2 mi away
Malden Islamic Center
School · 1.3 mi away
Everett High School
Secondary · 1.3 mi away
Webster School
Elementary · 1.5 mi away
AC Whelan Elementary School
Elementary · 1.6 mi away
Susan B. Anthony Middle School
Secondary · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 81 Cross St, Malden, MA | $939,999 | 4 | 3 | 2,196 |
| 146 Pierce St, Malden, MA | $949,000 | 4 | 2 | 2,009 |
| 305 Lynn St, Malden, MA | $949,000 | 4 | 3 | 2,048 |
| 63-65 Ashland St, Malden, MA | $949,900 | 5 | 2 | 2,120 |
| 30-32 Goldcliff Road, Malden, MA | $959,900 | 4 | 3 | 2,184 |
| 722 Highland Ave, Malden, MA | $989,900 | 4 | 3 | 2,013 |
Moving Cost Estimate
EXIT Agents in Malden
Listing Courtesy: Coldwell Banker Realty - Waltham - 7818930808
Presented by: Dave DiGregorio