29 Bowman St Malden — Photo 1 of 30
$775,000
Investment Analysis — 29 Bowman St
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 3.67% cap rate and $28,458/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,211
Style
Single Family
Built
1920
Beautifully maintained and filled with natural light, this spacious Colonial offers the perfect blend of charm, functionality, and outdoor enjoyment. Featuring 4 bedrooms and 3 full bathrooms, the home showcases a flexible layout designed for both comfortable everyday living and entertaining. The finished lower level with wet bar creates the ideal space for a media room, game room, guest suite, gym, or home office. Outside, enjoy beautifully maintained grounds with generous outdoor space — rarely found this close to Boston —plus ample off-street parking and a welcoming front porch that adds timeless curb appeal—conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes. A rare opportunity to own a move-in-ready home with exceptional space, versatility, and lifestyle appeal.
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 2,211 sq ft principal dwelling). Lot size: 5,850 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl BasementProperty History
$775,000
Jul 25, 2026
MLS® 73554947
$899,000
Jul 24, 2026
MLS® 73523019
$899,000
May 22, 2026
MLS® 73523019
Listing Agent: Mg Group
Listing Office: Century 21 North East
MLS® Number: 73554947