615 Salem St #2 Malden — Photo 1 of 36
$650,000
Investment Analysis — 615 Salem St #2
Malden, MA 02148
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 3.96% cap rate and $25,771/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
1
SqFt
1,869
Style
Condominium
Built
1900
Newly created condo in the heart of Malden Center! This unit boasts 1869 square feet of interior living space on a 6,500+ square foot lot. The unit offers 5 bedrooms and 1 baths. Completely updated and renovated top to bottom, including a 200 amp electrical service, replacement windows and new roof, updated plumbing, and a fully remodeled interior with a modern kitchen and bathroom. Stay comfortable year-round with an energy-efficient HVAC system featuring heat pumps, and enjoy the convenience of in-unit laundry. Outside, take advantage of an expansive driveway and one of the two garage spaces. Unbeatable location just steps from Malden Center's shops, restaurants, and MBTA access (Orange Line & Commuter Rail) for an easy commute into Boston. A truly move-in-ready property — don't miss this one!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Luca A. Amara
Listing Office: LA Realty and Property Consulting, LLC
MLS® Number: 73575118