385-387 Salem St, Malden, MA 02148
- Beds
- 6
- Baths
- 4
- Sqft
- 6,055
View property features, location on map, relevant school information and overview from seller's agent.
- 3
- 0
Overview
Nestled in the NB (Neighborhood Business) zone and directly on high-traffic bus routes (106, 108, 411, 430), this mixed-use asset offers seamless access to Malden Center, Sullivan Square (Orange Line), Linden, Somerville, Medford, Everett, Cambridge, and Boston. Surrounded by over 300 active businesses in a thriving commercial corridor, 385-387 Salem Street features four residential units and one commercial space—presenting immediate upside through lease-up of current vacancies. Recent upgrades include 4 new gas hot water tanks for residents and an electric hot water tank for the commercial unit. With separate utilities, ample street parking, and strategic access to Route 60, I-93, Route 1, and the Fellsway (Route 28), this property offers strong income with multiple value-add opportunities. Further due diligence may uncover additional paths for reconfiguration, subject to city permits. A compelling opportunity in a high-demand market for savvy investors. 2 Res & Comm Units vacant.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 6
- Number of bathrooms
- 4
- Square feet
- 6,055
- Lot size (acres)
- 0.05
- Year built
- 1900
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Electric
- Cooling
- None
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Insurance
- $4,100
Taxes
- Tax Annual Amount (2024)
- $14,854.80
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73373885 Last checked: …

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