14-16 Ripley St
$1,849,000
10
Beds
6
Baths
3,282
Sqft
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$1,849,000
10
Beds
6
Baths
3,282
Living Area
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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.
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Highlights
- Heating: Baseboard
- Parking Spots: 3
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 16
- Status: Active
- Levels: 7
- Property Class: Residential Income
- Stories: 7
- Year Built: 1885
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Additional Details
- Appliances: Range, Microwave, Refrigerator
- Construction: Frame
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Full, Walk-Out Access, Concrete
- Flooring: Vinyl, Laminate
- Interior Features: Living RM/Dining RM Combo, Living Room, Dining Room, Loft
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: ResA
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Amenities
- Community Features: Public Transportation, Shopping
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $955,600
- Tax Year: 2025
- Total Rent: $11,550
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $10,817
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy 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.