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14-16 Ripley StMalden, MA 02148

For Sale

$1,849,000

Smart Buyer Rebate $9,245

Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.

Listed by Rose Hall

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Blue Ocean Realty, LLC

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857-207-7579

Listed by KeyKuen Ho

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Blue Ocean Realty, LLC

Last updated March 16, 2026

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Source: MLSPin #73485930

Listing Facts

  • TypeMulti-family
  • NeighborhoodOak Grove - Island Hill
  • Bedrooms10
  • Bathrooms6
  • Days on Prevu4
  • Taxes$10,817/year
  • Size3,282 sqft
  • Price per sqft$563

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

03/12/2026
Listed by Blue Ocean Realty, LLC
$1,849,000

Property Details for 14-16 Ripley St

Association

Amenities

  • Community Features: Public Transportation, Shopping

Exterior

Construction

  • Number Of Units Total: 6
  • Roof: Shingle
  • Stories: 7
  • Stories Total: 7
  • Year Built: 1885
  • Year Built Details: Approximate
  • Construction Materials: Frame

Features

  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public

Measurements

  • Building Area Total: 3,282
  • Building Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Area: 0
  • Lot Size Square Feet: 10,018
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $138,000.00
  • Operating Expense: $14,352.00

Taxes

  • Parcel Number: 594146
  • Tax Annual Amount: $10,817.00
  • Tax Assessed Value: $955,600.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Microwave, Refrigerator
  • Flooring: Vinyl, Laminate, Hardwood
  • Interior Features: Remodeled, Living RM/Dining RM Combo, Living Room, Dining Room, Loft

Measurements

  • Living Area: 3,282
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Walk-Out Access, Concrete
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 10
  • Rooms Total: 16

Other

Environmental

  • Green Energy Efficient: Varies per Unit

Location

  • Tax Block: 854
  • Tax Lot: 437

Parking

Parking

  • Open Parking Spaces: 3
  • Parking Features: Off Street
  • Parking Total: 3

Utilities

Equipment

  • Heating: Baseboard
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Electric Range
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 10 bedrooms and 6 bathrooms in this multi-family home at 14-16 Ripley St.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 14-16 Ripley St.

What are the annual taxes for 14-16 Ripley St?

Annual taxes for this multi-family home are estimated at $10,817.

How does 14-16 Ripley St compare to other multi-family homes in Malden?

This multi-family home is listed 51% above the average price for multi-family homes in Malden and has been on the market for 16 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,282 sqft.

14-16 Ripley St is a 10-bedroom, 6-bath multi-family home for sale in Malden MA 02148. On Prevu for 4 days at $1,849,000. This home features 3,282 square feet of living space, located in Malden. The median listing price for multi-family homes in this area is $749,900. Property amenities include private outdoor space and parking. Browse more multi-family home listings in Malden.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.