Active
93 Days on market
29-31 Sprague St Malden — Photo 1 of 40

29-31 Sprague St Malden — Photo 1 of 40

$1,500,000

29-31 Sprague St, Malden, MA 02148

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$370/sqft
Local Avg (Malden)$365/sqft
1% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Malden, MA.

Property Details

Financials

Original Price$1,500,000
Annual Taxes$14,896

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms17
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBrick/Mortar
ZoningResA

Property & Lot

Acres0.14
SqFt Lot6,255
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School

Geography

Population

65,906

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$101K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

58.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

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 Provided By

Listing Agent: Ryan Bartlett

Listing Office: Greater Metropolitan R. E.

MLS® Number: 73531709

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