MLS #73468369 image #0
Excellent opportunity to own a well-maintained multifamily in a prime Malden location. This 3-unit building has two TAW-leased 1B/1BA apartments, and a vacant top floor 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. 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.
Current real estate data for Multi Family in Malden as of Feb 16, 2026
14
Multi Family Listed
121
Avg DOM
384
Avg $ / SqFt
$1,229,265
Avg List Price

Property Details

Price:
$949,900
MLS #:
73468369
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Jan 14, 2026
Finished Sq Ft:
2,523
Total Sq Ft:
2,523
Lot Size:
2,152 sqft / 0.05 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Appliances
Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
Bathrooms
4 Full Bathrooms
Flooring
Wood
Heating
Electric, Natural Gas
Laundry Features
Washer Hookup, Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Public School, T-Station
Construction Materials
Frame
Exterior Features
Balcony/Deck, Balcony
Roof
Shingle

Financial

Net Operating Income
$68,981
Tax Year
2025
Taxes
$7,822

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Subdivisions in Malden

Property Summary

    40 Clark St Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $949,900 To schedule a showing of MLS#73468369 at 40 Clark 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.,…

More About James
40 Clark St
Malden, MA