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40 Clark StMalden, MA 02148

For Sale

$900,000

Smart Buyer Rebate $4,500

Excellent opportunity to own a well-maintained multifamily in a prime Malden location. Unit 1 is a garden level TAW-leased 1B/1BA with low ceilings. Unit 2 is an updated 1B/1BA second floor unit with private deck (tenant vacating 3/31). Unit 3 is a townhouse style vacant 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own utilities. Nestled in a quiet neighborhood with on-street parking (no driveway). Conveniently located near bus routes, restaurants and shops, and about 1 mile to Malden Center and Oak Grove T stops - key drivers of demand in Malden’s strong rental market. This is a solid opportunity for investors seeking a stabilized asset or owner-occupants looking to offset expenses with rental income.

Listed by Prescott White

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Commonwealth Properties Residential, LLC

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617-830-2624

Last updated March 15, 2026

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Source: MLSPin #73468369

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Faulkner
  • Bedrooms4
  • Bathrooms4
  • Days on Prevu61
  • Taxes$7,822/year
  • Size2,523 sqft
  • Price per sqft$357

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

03/11/2026
Price Decreased
$900,000
03/10/2026
Status changed to Active
$949,900
03/03/2026
Status changed to Pending
$949,900
02/18/2026
Status changed to In Contract
$949,900
01/14/2026
Listed by Commonwealth Properties Residential, LLC
$949,900

Property Details for 40 Clark St

Association

Amenities

  • Community Features: Public Transportation, Shopping, Public School, T-Station

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 4
  • Stories Total: 4
  • Year Built: 1900
  • Year Built Details: Actual
  • Construction Materials: Frame
  • Exterior Features: Balcony/Deck, Balcony

Features

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

Measurements

  • Building Area Total: 2,523
  • Building Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.05
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,152
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $72,540.00
  • Operating Expense: $3,559.00

Taxes

  • Parcel Number: M:093 B:703 L:331,597616
  • Tax Annual Amount: $7,822.00
  • Tax Assessed Value: $691,000.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
  • Flooring: Wood
  • Interior Features: Walk-In Closet(s), Bathroom With Tub & Shower, Pantry, Storage, Bathroom With Shower Stall, Living Room, Kitchen

Measurements

  • Living Area: 2,523
  • Living Area Source: Other

Rooms

  • Basement: Finished, Walk-Out Access
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Rooms Total: 12

Parking

Parking

  • Open Parking: Yes

Utilities

Equipment

  • Heating: Electric, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

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

There are 4 bedrooms and 4 bathrooms in this multi-family home at 40 Clark St.

What are the annual taxes for 40 Clark St?

Annual taxes for this multi-family home are estimated at $7,822.

How does 40 Clark St compare to other multi-family homes in Malden?

This multi-family home is listed 27% below the average price for multi-family homes in Malden and has been on the market for 41 more 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 2,523 sqft.

40 Clark St is a 4-bedroom, 4-bath multi-family home for sale in Malden MA 02148. Listed on Prevu for 61 days at $900,000. This includes a recent price decrease of $49,900. This home features 2,523 square feet of living space, located in Malden. The median listing price for multi-family homes in this area is $749,900. Additional amenities include private outdoor space, dishwasher, 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.