Prevu by reAlpha
BuySellBlogBrowse Listings

203-205 Salem StMalden, MA 02148

For Sale

$1,162,000

Smart Buyer Rebate $5,810

Exceptional opportunity in the heart of Malden! This well-maintained three-family property offers a versatile unit mix with strong owner-occupant and rental appeal. The two first-floor units each feature comfortable 1-bedroom layouts. The second-floor unit at 205 Salem Street offers a spacious 3-4 bedroom configuration, while the second-floor unit at 203 Salem Street includes 1 bedroom plus a home office, with exciting potential to expand into a 4-bedroom plus office by updating the third floor making this a real value-add opportunity for the keen investor, family or owner occupant. Ideally situated just minutes from Malden Center with multiple bus routes, and major commuter highways, this property provides easy access to downtown Boston and the surrounding communities. Residents will appreciate the vibrant community atmosphere and convenience of nearby shopping, dining, parks, and everyday amenities. Whether you’re looking to start your real estate portfolio or add to it, this property is a smart buy for any investment minded individual, family or company.

Listed by Fermin Group

·

Century 21 North East

·

978-423-6545

Listed by April Dennis

·

Century 21 North East

Last updated July 26, 2026

·

Source: MLSPin #73553796

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Faulkner
  • Bedrooms5
  • Bathrooms4
  • Days on Prevu9
  • Taxes$9,894/year
  • Size4,051 sqft
  • Price per sqft$287

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

07/22/2026
Listed by Century 21 North East
$1,162,000

Property Details for 203-205 Salem St

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1910
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 4,051
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.12
  • Lot Size Area: 0
  • Lot Size Square Feet: 5,049
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $23,700.00

Taxes

  • Parcel Number: 597758
  • Tax Annual Amount: $9,894.00
  • Tax Assessed Value: $867,900.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Range, Refrigerator, Washer/Dryer

Measurements

  • Living Area: 4,051
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Rooms Total: 20

Parking

Parking

  • Open Parking Spaces: 3
  • Parking Total: 3

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

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

There are 5 bedrooms and 4 bathrooms in this multi-family home at 203-205 Salem St.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 203-205 Salem St.

What are the annual taxes for 203-205 Salem St?

Annual taxes for this multi-family home are estimated at $9,894.

How does 203-205 Salem St compare to other multi-family homes in North Faulkner?

This multi-family home is listed 8% above the average price for multi-family homes in North Faulkner and has been on the market for 30 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 4,051 sqft.

203-205 Salem St is a 5-bedroom, 4-bath multi-family home for sale in Malden MA 02148. Listed on Prevu for 9 days at $1,162,000. This home features 4,051 square feet of living space, located in North Faulkner. The median listing price for multi-family homes in this area is $849,000. Additional amenities include parking. Explore 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.