About 14-16 Ripley St
Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.
Open House
Features of 14-16 Ripley St
| MLS® # | 73582174 |
|---|---|
| Price | $1,849,000 |
| Bedrooms | 10 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 3,282 |
| Acres | 0.23 |
| Year Built | 1885 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Side by Side |
| Status | Active |
Community Information
| Address | 14-16 Ripley St |
|---|---|
| City | Malden |
| County | Middlesex |
| State | MA |
| Zip Code | 02148 |
Amenities
| Utilities | for Gas Range, for Electric Range |
|---|---|
| Parking Spaces | 3 |
| Parking | Paved Drive, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 7 |
| Stories | 7 |
Additional Information
| Zoning | ResA |
|---|
Listing Details
| Agent | Rose Hall |
|---|---|
| Office | Blue Ocean Realty, LLC |