
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19 x 17
Flooring - Laminate
Kitchen
Lvl First23 x 16
Primary Bedroom
Lvl Second18 x 14
Bedroom 2
Lvl Second12 x 10
Bedroom 3
Lvl Second12 x 10
Listing Agent: John Matheson
Listing Office: Matheson Law Office
MLS® Number: 73558062