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42 Days on market
15 Bower S Bower Malden — Photo 1 of 36

15 Bower S Bower Malden — Photo 1 of 36

$799,999

Investment Analysis — 15 Bower S Bower

Malden, MA 02148 — West End / Fellsmere Pond

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02148 carries an estimated $3,630/mo in gross rent — about a 3.65% cap rate and $29,214/yr in estimated NOI at the $799,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,867

Style

Single Family

Built

1900

3 bed, 2 ½ bath with 16 solar panels providing ample electricity. Enter a bright sunroom with full-view sliding doors that continue to the in-ground pool and elevated sunning deck, or proceed into the vaulted entry with a view to the second level and decorative drop lights. From here you can step into a sunny living space with a pass-through window to the kitchen, or enter a modern tiled kitchen with newer stainless steel appliances. Sliding doors exit to the pool and new composite deck with hotel-cable railings. Stairs lead to a beautifully finished basement with marble counters, wet bar, and 1/2 bath with washer & dryer, and a new energy-efficient indirect water heater. Excellent off-street parking for 4-5 cars side by side w/o blocking. One block from top parks & pond w/tennis, soccer, baseball & fishing! On newly paved roads with new water mains & gas lines. Minutes to major routes: 93, 60, 28, 16. Less than 30 minutes to beach, airport, and downtown Boston.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,867 sq ft principal dwelling). Lot size: 3,851 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$799,999
Annual Taxes$3,892

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Carpet
BasementFull, Finished

Climate & Utilities

HeatingBaseboard, Heat Pump, Natural Gas, Active Solar
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle
FoundationStone
ZoningRES-A

Property & Lot

Acres0.09
SqFt Lot3,851
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3
First
Living RoomKitchen
Living Room
Lvl First

19 x 17

Flooring - Laminate

Kitchen
Lvl First

23 x 16

Primary Bedroom
Lvl Second

18 x 14

Bedroom 2
Lvl Second

12 x 10

Bedroom 3
Lvl Second

12 x 10

Listing Provided By

Listing Agent: John Matheson

Listing Office: Matheson Law Office

MLS® Number: 73558062