MLS #73538827 image #0
18-unit brick garden-style apartment building with twelve (12) 2-BR, five (5) 1-BR, and one (1) studio apartment. Many recent improvements to the apartments and the building. Off-street parking, well-located on a side street in the Linden neighborhood of Malden. Fully occupied with existing cash flow and upside potential. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS
Current real estate data for Multi Family in Malden as of Oct 17, 2026
44
Multi Family Listed
77
Avg DOM
354
Avg $ / SqFt
$1,168,659
Avg List Price

Property Details

Price:
$5,700,000
MLS #:
73538827
Status:
Active
Beds:
30
Baths:
18
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Jun 19, 2026
Finished Sq Ft:
16,512
Total Sq Ft:
16,512
Lot Size:
21,044 sqft / 0.48 acres (approx)
Year Built:
1970
Units:
18

Schools

Interior

Above Grade Finished Area
16512
Bathrooms
18 Full Bathrooms
Levels
3

Exterior

Lot Features
Level
Open Parking Spaces
32
Parking Spots
32
Parking Total
32
Stories
3

Financial

Net Operating Income
$51,600
Tax Year
2025
Taxes
$48,933

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Property Summary

    38 Clapp St. Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $5,700,000 To schedule a showing of MLS#73538827 at 38 Clapp St. in Malden, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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38 Clapp St.
Malden, MA