Booher Yachini Team
385-387 Salem St, Malden, (Faulkner), MA, 02148
20 rooms
6 beds
4 Full baths
1900
6,055 sqft
Nestled in the NB (Neighborhood Business) zone and directly on high-traffic bus routes (106, 108, 411, 430), this mixed-use asset offers seamless access to Malden Center, Sullivan Square (Orange Line), Linden, Somerville, Medford, Everett, Cambridge, and Boston. Surrounded by over 300 active businesses in a thriving commercial corridor, 385-387 Salem Street features four residential units and one commercial space—presenting immediate upside through lease-up of current vacancies. Recent upgrades include 4 new gas hot water tanks for residents and an electric hot water tank for the commercial unit. With separate utilities, ample street parking, and strategic access to Route 60, I-93, Route 1, and the Fellsway (Route 28), this property offers strong income with multiple value-add opportunities. Further due diligence may uncover additional paths for reconfiguration, subject to city permits. A compelling opportunity in a high-demand market for savvy investors.
Status:
Active
Town:
Malden
Type:
Multi-family
Units:
5
Zoning:
NB
Heating:
Electric
Cooling:
None
Basement:
Walk-Out Access, Concrete, Unfinished
Levels:
11
Acreage:
0.05
Est. Taxes:
$14,855
Assessment
$1,054,000
Construction
Stone
Utilities
for Gas Range, for Electric Range
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Highway Access, Public School, T-Station, Sidewalks
Elementary School:
Salemwood
Middle School:
Salemwood
High School:
Malden High
Appliances:
None, Range, Refrigerator
MLS #:
73373885
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Tanyeli Ballinger, Leading Edge Real Estate