Turnkey and cash-flowing from day one, this impressive 3-family is already bringing in $10,620 per month in income while offering the long-term upside smart investors chase. Set in Malden’s desirable Fellsway neighborhood, the property features three spacious 4-bed/1-bath units with updated kitchens, modernized electrical, plumbing, and heating systems, plus private front and rear decks that add everyday livability and tenant appeal. Designed for simple management with common laundry and separately metered utilities, this location also puts residents minutes from Malden Center, the Orange Line, Route 28, and I-93. Surrounded by shops, restaurants, parks, and schools, this is a rare opportunity to secure a high-performing asset in one of Greater Boston’s fastest-growing pockets. Whether you’re expanding a portfolio or planning to live in one unit while letting the others pay the mortgage, this property checks every box.

Property Details

Price:
$1,550,000
MLS #:
73448698
Status:
Active
Beds:
12
Baths:
3
Address:
84 Fellsway E
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
fells
City:
Malden
Listed Date:
Oct 28, 2025
State:
MA
Finished Sq Ft:
4,077
Total Sq Ft:
4,077
ZIP:
02148
Lot Size:
5,306 sqft / 0.12 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Financial

Net Operating Income
$87,845
Tax Year
2025
Taxes
$13,593

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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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84 Fellsway E
Malden, MA