
29-31 Sprague St Malden — Photo 1 of 40
$1,500,000
Malden, MA 02148 — Forestdale
Beds
6
Baths
5
SqFt
4,057
Style
5+ Family - 5+ Units Up/Down
Built
1900
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Malden, MA.
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
65,906
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$101K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
58.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Ryan Bartlett
Listing Office: Greater Metropolitan R. E.
MLS® Number: 73531709
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