Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

14-16 Ripley St

Malden, MA ID #73582174

Property Description

Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.

Additional Details

  • Status: Active
  • Type: Multi-Family, Multi Family
  • Zip Code: 02148
  • Taxes: 10,817
  • Levels: 7
  • Acres: 0.23

Parking

  • Garage Capacity: 3
  • Parking: Paved, Off Street
  • Parking Spaces: 3

Rooms/Dimensions

  • Total Units: 6
  • Total Floors: 7
  • Total Rooms: 16
  • Has Basement: Yes

Location

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14-16 Ripley St, Malden, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Rose Hall of Blue Ocean Realty, LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.