Prime mixed-use investment opportunity in the heart of Malden! This rare income-generating property features 4 residential units and 1 commercial space, currently operating as a hair salon. The residential units have been updated with modern kitchens, refreshed bathrooms, floorings and fresh paint. Enjoy low-maintenance vinyl siding and a ample sized yard. Conveniently located near shopping centers, supermarkets, schools, public transportation, and major highways, with easy access to Encore Casino. Fully occupied—advance notice required for showings. Please do not disturb the business.

Property Details

Price:
$1,050,000
MLS #:
73346375
Status:
Active
Beds:
6
Baths:
4.5
Address:
458-460 Ferry St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Malden
Listed Date:
Mar 17, 2025
State:
MA
Finished Sq Ft:
2,588
Total Sq Ft:
2,588
ZIP:
02148
Lot Size:
3,040 sqft / 0.07 acres (approx)
Year Built:
1938
Units:
5

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Window Unit(s)
Heating
Steam

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame

Financial

Net Operating Income
$83,960
Tax Year
2025
Taxes
$8,335

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

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
458-460 Ferry St
Malden, MA