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You are here:
Home Massachusetts Malden Multi-Family Homes for Sale

14-16 Ripley Malden, MA 02148

10 Days on Boston Pads
16 Photos
$1,725,000
6 Unit
10 Beds
6 Baths
3282 SQFT
0.23 Acre
14-16 Ripley
Malden, MA 02148

Property Description

The property is well located off Main Street and in close proximity to the Orange Line (Oak Grove Station). This property is being delivered with many recent capital improvements for the new ownership. The property consists of six (6) units in total and three (3) off-street parking spots. The total gross square footage 5,499 ± with a unit breakdown of three (3) one-bedrooms, one (1) studio, and two (2) two-bedroom townhome style. The property has undergone many upgrades such as, new roof, new high efficiency heating system with on demand hot water, newly installed Lally columns with footers, replacement windows, electrical panels within the units, plumbing upgrades, 5 out of 6 units renovated with new kitchens, bathrooms, flooring, and common area completed. There is a newly installed driveway and walk-ways on both sides of the building wrapping around to the backyard.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 4
  • Total Bedrooms: 10
  • Total Full Baths: 6
  • Amenities: Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Walk Out

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 136200
  • Gross Expenses: 31852
  • Net Operating Income: 100262

Utilities

  • Energy Features: Insulated Doors
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1885
  • Type: 5+ Family - 5+ Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73295348
  • Last Updated: 09/30/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/30/2024Active$1,725,000$526MLSPIN
09/26/2024New$1,725,000$526MLSPIN

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Map & Resources

Malden Early Learning Center

Public Elementary School, Grades: PK

0.31mi

Jitters Café

Coffee Shop

0.43mi

Dairy Delight

Ice Cream Restaurant

0.11mi

Habesha

Ethiopian Restaurant

0.42mi

Bobby C's Ristorante

Italian Restaurant

0.43mi

Taste of India

Indian Restaurant

0.44mi

Pine Banks Animal Hospital

Veterinary

0.38mi

Malden Fire Department

Fire Station

0.48mi

YMCA

Sports Centre

0.33mi

Holland Memorial Pool

Swimming Pool. Sports: Swimming

0.27mi

Nova Strength Studio

Fitness Centre

0.43mi

Waitts Mount

Municipal Park

0.03mi

Pine Banks Park

Municipal Park

0.2mi

Coytemore Lea Park

Municipal Park

0.22mi

Pine Banks Park

Municipal Park

0.39mi

Patchell Playground

Municipal Park

0.43mi

Phillips 66

Gas Station

0.16mi

Oak Grove Barber Shop

Hairdresser

0.24mi

Beauty Nail Design

Nail Salon

0.42mi

Relaxation Station

Massage

0.45mi

Citizens Bank

Bank

0.07mi

Oak Grove Laundry

Laundry

0.25mi

Dandea's Superette

Convenience

0.08mi

Oak Grove Variety

Convenience

0.26mi

Main St @ Leonard St

131
137

0.01mi

Main St @ Winter St

131
137

0.02mi

Main St opp Rosemont St

131
137

0.11mi

Main St @ Rosemont St

131
137

0.12mi

Main St @ Clifton St

131
137

0.17mi

Main St @ Park Ave

131
137

0.2mi

Main St @ Fairlawn St

131
137

0.23mi

Oak Grove

131
137
Haverhill
Orange

0.23mi

Seller's Representative: Sara Pouladian, North Shore Realty Advisors
MLS ID#: 73295348

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-09-30 03:05:00

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