Active
4 Days on market
56 Rutland St Malden — Photo 1 of 32

56 Rutland St Malden — Photo 1 of 32

$799,900

Investment Analysis — 56 Rutland St

Malden, MA 02148 — Forestdale

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 3.13% cap rate and $25,046/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,820

Style

Single Family

Built

1929

Welcome home to this beautifully maintained 3-bedroom Colonial, where classic character meets thoughtful updates and exceptional indoor/outdoor living. A welcoming covered front porch opens to an interior filled with gleaming hardwood floors, rich original woodwork and period details. The inviting living room is centered around a fireplace, while the spacious dining room features a built-in hutch and sliders opening directly to a newer deck. The updated kitchen offers granite countertops, stainless-steel appliances, abundant white cabinetry, tile flooring and a charming breakfast nook. Upstairs are three generously sized bedrooms with hardwood floors and a beautifully tiled full bath. Additional bonus space on the third floor offers flexibility for a home office, playroom or hobby space. The finished lower level with half bath provides even more room for entertaining, recreation, fitness or everyday living. Outside, enjoy your own private retreat with a fenced backyard, expansive decking, above-ground pool, patio, mature landscaping and impressive stone grill/fireplace area. Owned solar panels installed in 2022, a Tesla Powerwall 2 battery storage system and EV charging station provide valuable energy-conscious upgrades. Off-street parking completes the package. Seller has an assumable VA loan that may offer qualified buyers favorable financing terms compared with current market rates.

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 1,820 sq ft principal dwelling). Lot size: 6,774 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.

Open Houses

Property Details

Financials

Original Price$799,900
Annual Taxes$8,060

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile, Hardwood, Flooring - Hardwood
BasementFinished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningResA

Property & Lot

Acres0.16
SqFt Lot6,774
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Park • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Third
Bathroom 2
Second
Master BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Basement
Family RoomBathroom 3
Living Room
Lvl First

22 x 11

Flooring - Hardwood

Dining Room
Lvl First

12 x 11

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Basement

Flooring - Stone/Ceramic Tile

Master Bedroom
Lvl Second

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Third

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 3
Lvl Basement

Bathroom - Half

Listing Provided By

Listing Agent: Frank Molis

Listing Office: Century 21 North East

MLS® Number: 73572769