Discover 163 West Street, a rare four-family residence built in 2002, offering tremendous potential for both investors and owner-occupants. Located in a sought-after Malden neighborhood, this pristine property is primed for condo conversion. Conveniently situated between Malden and Wellington Stations, it features a durable 40-year asphalt shingle roof, a solid poured concrete foundation, and energy-efficient Harvey double-paned windows. The modern updates include stylish kitchens and bathrooms, a sprinkler system for safety, ample parking, in-unit and common laundry, and an on-demand hot water heater.The layout includes two two-bedroom, one-bathroom units on the first level and two townhome-style three-bedroom, two-bathroom units on the second and third levels. With over 5,000 square feet of living space, this property combines modern amenities with a prime location, making it a remarkable opportunity for rental income or personal residence.

Property Details

Price:
$1,700,000
MLS #:
73300662
Status:
Pending
Beds:
10
Baths:
6
Address:
163 West St
Type:
Multi Family
Subtype:
4 Family
City:
Malden
Listed Date:
Oct 9, 2024
State:
MA
Finished Sq Ft:
5,363
Total Sq Ft:
5,363
ZIP:
02148
Lot Size:
4,931 sqft / 0.11 acres (approx)
Year Built:
2002
Units:
4

Schools

High School:
Malden Hs

Interior

Appliances
Disposal, Microwave, E N E R G Y S T A R Qualified Refrigerator, E N E R G Y S T A R Qualified Dishwasher, Range, Washer, Dryer
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Flooring
Tile, Hardwood, Stone/ Ceramic Tile
Heating
Forced Air, Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station
Construction Materials
Frame, Stone
Parking Features
Paved Drive, Off Street
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$28,800
Tax Year
2024
Taxes
$14,743

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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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163 West St
Malden, MA