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.
- Parking:
- Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Area:
- Forestdale
- Market Time:
- 4
- Parking Spaces:
- 5
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $370
- Zoning:
- ResA
- No Units:
- 5
- Orig Price:
- $1,500,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Malden
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02148
- Longitude:
- W72° 56' 8.1''
- Latitude:
- N42° 25' 43.8''
Residential Income
29-31 Sprague St, Malden, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,500,000
- Bedrooms :
- 6
- Rooms :
- 17
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 4,057 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.14 Acre
- Listing ID :
- 73531709
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
