38 Clapp St. Malden — Photo 1 of 16
Recent Drop: $650,000
$5,300,000
Investment Analysis — 38 Clapp St.
Malden, MA 02148
Based on rent reported on the MLS listing, a 18-unit multi-family in 02148 carries $4,300/mo in gross rent — about a -0.18% cap rate and $-9,717/yr in estimated NOI at the $5,300,000 list price. Adjust every assumption in the calculator below.
Beds
30
Baths
18
SqFt
16,512
Style
5-9 Family
Built
1970
18-unit brick garden-style apartment building with twelve (12) 2-BR, five (5) 1-BR, and one (1) studio apartment. Many recent improvements to the apartments and the building. Off-street parking, well-located on a side street in the Linden neighborhood of Malden. Fully occupied with existing cash flow and upside potential. FOR ADDITIONAL INFORMATION PLEASE SEE FIRM REMARKS
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$5,300,000
Was $5,950,000
Aug 10, 2026
MLS® 73538827
$5,950,000
Jun 19, 2026
MLS® 73538827
Listing Agent: Carl Christie
Listing Office: Carl Christie
MLS® Number: 73538827