MLS #73477578 image #0
**Open House Sat/Sun Feb 21&22, 11am- 1pm** Recently renovated multi-family property located on a desirable corner lot on picturesque Summer Street in Malden. Situated on a 15,020 SF lot with 20+ parking spaces, this property offers approximately 5,350 SF of living space, currently configured as a legal 3-family with an additional first-floor in-law unit. The building features 20 rooms, 10 bedrooms, and 5 bathrooms, with separately metered and updated gas, electric, and heating systems, plus laundry in the basement. Strong rental history and excellent location just minutes to Oak Grove MBTA Station, Malden Square, shops, and restaurants. MBTA Communities zoning may allow future expansion or redevelopment potential. Conveniently located on Summer Street in Malden, just minutes to Oak Grove MBTA Station and Malden Square with easy access to restaurants, shops, and public transportation. A highly desirable area offering strong rental demand and excellent commuter convenience.
Current real estate data for Multi Family in Malden as of Mar 07, 2026
15
Multi Family Listed
119
Avg DOM
369
Avg $ / SqFt
$1,244,641
Avg List Price

Property Details

Price:
$1,350,000
MLS #:
73477578
Status:
Pending
Beds:
10
Baths:
5
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Listed Date:
Feb 16, 2026
Finished Sq Ft:
5,350
Total Sq Ft:
5,350
Lot Size:
15,002 sqft / 0.34 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
5 Full Bathrooms
Fireplaces Total
2

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station
Construction Materials
Frame
Parking Features
Off Street, Paved
Parking Spots
10
Roof
Shingle

Financial

Net Operating Income
$112,800
Tax Year
2025
Taxes
$14,819

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Subdivisions in Malden

Property Summary

    209 Summer St Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $1,350,000 To schedule a showing of MLS#73477578 at 209 Summer 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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209 Summer St
Malden, MA