14-16 Ripley St

3,282 Sq. Ft.
$563 / Sq. Ft.
3,282
Sq. Ft.
$563
per Sq. Ft.

Description

Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms....Great investment opportunity, this six units multi-family is perfectly located right off Main St in the thriving and well established Malden market. Cap rate 6.5%. Great commuter location near the Orange line Oak Grove station, steps away from the MBTA bus stops, and has 3 off-street parking spaces as well, providing flexibility for commute. Well-maintained property with approximately 5,499 sq ft for 6 units total over 3 levels, including 2 One Bedrooms, 3 Studios, and 1 Townhome style Two Bedrooms. The basement level features an on-site laundry room. The property was significantly upgraded in 2024 with high-efficiency heating systems and on-demand hot water, a new roof, a newly installed driveway and walkway, and renovated unit interiors including kitchens, electrical, flooring, and plumbing. Great opportunity for a flexible portfolio addition in a well-established rental market.
  1. Listed by Rose Hall • Blue Ocean Realty, LLC
  2. Listed by KeyKuen Ho • Blue Ocean Realty, LLC

Property Details for 14-16 Ripley Street

Town
Malden
Area
MA-Malden
Garage Spaces
0
Open Parking Spaces
3.00
Parking Spaces Total
3
LISTING UPDATED: 03/16/2026 03:09 AM

Property Details for 14-16 Ripley Street

StatusActive
MLS #73485930
Days on Market13
Taxes$10,817 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built1885
CountyMiddlesex County

Location

Listing Courtesy of Blue Ocean Realty, LLC, Rose Hall; Blue Ocean Realty, LLC, KeyKuen Ho
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Building Information for 14-16 Ripley Street

Stories7Residences6Year Built1885Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$9,875 per month

30 year fixed, 6.11% Interest

Principal and Interest

$8,973

Property Taxes

$901

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 14-16 Ripley Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Living Area: 3282.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator
  • Basement Features: Full, Walk Out, Concrete Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Laminate, Hardwood
  • Interior Features: Remodeled, Living RM/Dining RM Combo, Living Room, Dining Room, Loft
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Deck
  • Lot Description: Level
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Green Energy Efficient: Varies per Unit
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Rent and expense figures are approximate; (5) units are under lease agreements,#141R is currently vacant for renting purpose.
Tax Information
  • Tax ID: 594146
  • Assessments: $955,600
  • Block: 854
  • Book: 83529
  • Lot: 437
  • Map: 047
  • Tax Year: 2025
  • Zoning: ResA
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone
  • Levels: 7
Income / Expenses
  • Electricity: $1,000.00
  • Annual Expenses Source: Estimated, Owner
  • GOI: $138,000.00
  • Gross Scheduled Income: $1,000.00
  • Insurance: $6,338.00
  • GRE: $14,352
  • MGF: $0
  • NOI: $121,248.00
  • Operating Expense: $14,352.00
  • WSE: $6,014.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 2
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $7,650.00

Property History for 14-16 Ripley Street

DateEvent & SourcePriceAppreciation
Mar 12, 2026

Listed (Active)

MLS PIN #73485930

$1,849,000—
Nov 26, 2024

Sold

MLS PIN #73295348

$1,700,000—
Oct 10, 2024

Under Agreement

MLS PIN #73295348

—
Oct 10, 2024

Contingent

MLS PIN #73295348

—
Sep 26, 2024

Listed (Active)

MLS PIN #73295348

$1,725,000—
DateEvent & SourcePrice
03/12/2026

Listed (Active)

MLS PIN #73485930

$1,849,000
11/26/2024

Sold

MLS PIN #73295348

$1,700,000
10/10/2024

Under Agreement

MLS PIN #73295348

—
10/10/2024

Contingent

MLS PIN #73295348

—
09/26/2024

Listed (Active)

MLS PIN #73295348

$1,725,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14-16 Ripley Street

Taxable ValueLand$270,800Additions$616,800Total$887,600
Tax Record2024$10,376 ($865 / month)
Home Facts
Baths9Total Finished SqFt3,282 SqFtAbove Grade Finished SqFt3,282 SqFtUnfinished Basement SqFt1,396 SqFtStories3Lot Size4,186 SqFtStyleMulti-Family Res (5+ Units)Year Built1885ZoningRESACountyMIDDLESEXAPNMALD M:047 B:854 L:437

Schools near 14-16 Ripley Street

This home is within Malden School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Beebe School
PublicK to 8

Malden High School
Public9 to 12

Forestdale School
PublicK to 8

Salemwood School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14-16 Ripley Street is a multi-family home for sale in Malden, MA 02148. This property was listed for sale on March 12, 2026 by Blue Ocean Realty, LLC, it's currently listed at $1,849,000. It has been on the market for a total of 13 days and was last sold on November 26, 2024. This listing's school district is Malden School District. Nearby schools include Beebe School, Malden High School and Forestdale School. 14-16 Ripley Street is a 10-bed, 6-bath, 3,282 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blue Ocean Realty, LLC, Rose Hall; Blue Ocean Realty, LLC, KeyKuen Ho

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.