29-31 Sprague St
$1,500,000
6
Beds
5
Baths
4,057
Sqft
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$1,500,000
6
Beds
5
Baths
4,057
Living Area
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Property Description
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
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Highlights
- Area: Forestdale
- Parking Spots: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 17
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Foundation: Brick/Mortar
- Total Number of Units: 5
- Year Built Source: Public Records
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: ResA
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,315,900
- Taxes: $14,896
- Tax Year: 2025
- Total Rent: $11,000
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