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Home Massachusetts Multi-Family Homes for Sale

40 Clark St Malden, MA 02148
5 Days on Jacob Realty
24
$949,900
Total Beds: 4 Total Baths: 4
Total Units: 3 SQFT: 2523
LOT size: 0.05 Acres
40 Clark St
Malden, MA 02148
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Property Description

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. First showings will be at Open House Friday 1/16 from 2:00-3:45PM. Second Open House is Sun 1/18 from 12Noon to 2 PM.
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Property Details

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 4
  • Amenities: Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Finished, Other (See Remarks), Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Pantry, Storage
  • Common Appliances: Dishwasher, Dryer Hookup, Microwave, Range, Refrigerator, Washer / Dryer Combo, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 72540
  • Gross Expenses: 3559
  • Electric Expenses: 120
  • Water/Sewer: 927
  • INSC: 2512
  • Net Operating Income: 68981

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73468369
  • Last Updated: 01/18/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Prescott White, Commonwealth Properties Residential, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-01-18 03:06:00

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