40 Clark St

2,523 Sq. Ft.
$376 / Sq. Ft.
2,523
Sq. Ft.
$376
per Sq. Ft.

Description

Excellent opportunity to own a well-maintained multifamily in a prime Malden location. This 3-unit building has two TAW-leased 1B/1BA apartments, and a vacant top floor 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own...Excellent opportunity to own a well-maintained multifamily in a prime Malden location. This 3-unit building has two TAW-leased 1B/1BA apartments, and a vacant top floor 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own utilities. Nestled in a quiet neighborhood with on-street parking. Conveniently located near bus routes, restaurants and shops, and about 1 mile to Malden Center and Oak Grove T stops - key drivers of demand in Malden’s strong rental market. This is a solid opportunity for investors seeking a stabilized asset or owner-occupants looking to offset expenses with rental income. Open House Saturday 1/24 from 11AM to 1PM.
  1. Listed by Prescott White • Commonwealth Properties Residential, LLC

Property Details for 40 Clark Street

Town
Malden
Area
MA-Malden
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 01/21/2026 06:15 PM

Property Details for 40 Clark Street

StatusActive
MLS #73468369
Days on Market11
Taxes$7,822 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Commonwealth Properties Residential, LLC, Prescott White
Add your commute

Building Information for 40 Clark Street

Stories4Residences3Year Built1900Building Size-Lot Size0.05 AC / 2,152 SF

Payment Calculator

$5,281 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,630

Property Taxes

$652

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Clark Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Public School, T-Station
  • Living Area: 2523.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer
  • Basement Features: Finished, Walk Out
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Interior Features: Walk-In Closet(s), Bathroom With Tub & Shower, Pantry, Storage, Bathroom with Shower Stall, Living Room, Kitchen
  • Laundry Features: Washer Hookup, Dryer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck, Balcony
  • Exterior Features: Balcony, Porch
  • Lot Description: Cleared
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Open Parking: Yes
Utilities
  • Heating: Electric, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:093 B:703 L:331,597616
  • Assessments: $691,000
  • Book: 71254
  • Tax Year: 2025
  • Zoning: ResA
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Levels: 4
Income / Expenses
  • Electricity: $120.00
  • GOI: $72,540.00
  • Gross Scheduled Income: $.00
  • Insurance: $2,512.00
  • GRE: $3,559
  • HTE: $0
  • NOI: $68,981.00
  • Operating Expense: $3,559.00
  • WSE: $927.00
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: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,045.00

Property History for 40 Clark Street

DateEvent & SourcePriceAppreciation
Jan 14, 2026

Listed (Active)

MLS PIN #73468369

$949,900
Jun 28, 2018

Sold

MLS PIN #72325343

$502,000
May 15, 2018

Under Agreement

MLS PIN #72325343

May 15, 2018

Contingent

MLS PIN #72325343

May 11, 2018

Canceled

MLS PIN #72309773

May 11, 2018

Listed (Active)

MLS PIN #72325343

$496,600
Apr 17, 2018

Canceled

MLS PIN #72307848

$390,000
Apr 17, 2018

Listed (Active)

MLS PIN #72309773

$390,000
Apr 12, 2018

Canceled

MLS PIN #72276575

$550,150
Apr 12, 2018

Listed (Active)

MLS PIN #72307848

$390,000
Feb 1, 2018

Listed (Active)

MLS PIN #72276575

$579,100
Jan 19, 2018

Canceled

MLS PIN #72256572

$579,100
Nov 16, 2017

Listed (Active)

MLS PIN #72256572

$609,500
Jan 6, 2016

Sold (Public Record)

Public Record #563864337

$750

-44.8% / yr

Jan 21, 2014

Expired

MLS PIN #71547550

$389,000
Jun 24, 2013

Listed (Active)

MLS PIN #71547550

$399,000
Dec 1, 2006

Expired

MLS PIN #70433399

$449,000
Aug 2, 2006

Listed (Active)

MLS PIN #70433399

$479,000
Dec 27, 2005

Sold (Public Record)

Public Record #190606283

$290,000

+7.3% / yr

Dec 22, 2005

Sold

MLS PIN #70272233

$290,000
Nov 13, 2005

Under Agreement

MLS PIN #70272233

Nov 13, 2005

Contingent

MLS PIN #70272233

Nov 11, 2005

Expired

MLS PIN #70075704

$360,000
Oct 4, 2005

Listed (Active)

MLS PIN #70272233

$339,900
Sep 14, 2005

Canceled

MLS PIN #70172677

$374,900
Apr 13, 2005

Listed (Active)

MLS PIN #70172677

$374,900
Aug 30, 2004

Expired

MLS PIN #70011458

$412,900
Aug 11, 2004

Listed (Active)

MLS PIN #70075704

$360,000
Mar 26, 2004

Listed (Active)

MLS PIN #70011458

$412,900
Jan 10, 2000

Sold (Public Record)

Public Record #87899472

$190,000

+3.7% / yr

Jan 10, 2000

Sold

MLS PIN #30307047

$190,000
Jan 10, 2000

Contingent

MLS PIN #30307047

Apr 5, 1999

Listed (Active)

MLS PIN #30307047

$199,900
Jul 6, 1990

Sold (Public Record)

Public Record #87909040

$135,000

+216.1% / yr

May 2, 1990

Sold (Public Record)

Public Record #87908979

$110,000
DateEvent & SourcePrice
01/14/2026

Listed (Active)

MLS PIN #73468369

$949,900
06/28/2018

Sold

MLS PIN #72325343

$502,000
05/15/2018

Under Agreement

MLS PIN #72325343

05/15/2018

Contingent

MLS PIN #72325343

05/11/2018

Canceled

MLS PIN #72309773

05/11/2018

Listed (Active)

MLS PIN #72325343

$496,600
04/17/2018

Canceled

MLS PIN #72307848

$390,000
04/17/2018

Listed (Active)

MLS PIN #72309773

$390,000
04/12/2018

Canceled

MLS PIN #72276575

$550,150
04/12/2018

Listed (Active)

MLS PIN #72307848

$390,000
02/01/2018

Listed (Active)

MLS PIN #72276575

$579,100
01/19/2018

Canceled

MLS PIN #72256572

$579,100
11/16/2017

Listed (Active)

MLS PIN #72256572

$609,500
01/06/2016

Sold (Public Record)

Public Record #563864337

$750

-44.8% / yr

01/21/2014

Expired

MLS PIN #71547550

$389,000
06/24/2013

Listed (Active)

MLS PIN #71547550

$399,000
12/01/2006

Expired

MLS PIN #70433399

$449,000
08/02/2006

Listed (Active)

MLS PIN #70433399

$479,000
12/27/2005

Sold (Public Record)

Public Record #190606283

$290,000

+7.3% / yr

12/22/2005

Sold

MLS PIN #70272233

$290,000
11/13/2005

Under Agreement

MLS PIN #70272233

11/13/2005

Contingent

MLS PIN #70272233

11/11/2005

Expired

MLS PIN #70075704

$360,000
10/04/2005

Listed (Active)

MLS PIN #70272233

$339,900
09/14/2005

Canceled

MLS PIN #70172677

$374,900
04/13/2005

Listed (Active)

MLS PIN #70172677

$374,900
08/30/2004

Expired

MLS PIN #70011458

$412,900
08/11/2004

Listed (Active)

MLS PIN #70075704

$360,000
03/26/2004

Listed (Active)

MLS PIN #70011458

$412,900
01/10/2000

Sold (Public Record)

Public Record #87899472

$190,000

+3.7% / yr

01/10/2000

Sold

MLS PIN #30307047

$190,000
01/10/2000

Contingent

MLS PIN #30307047

04/05/1999

Listed (Active)

MLS PIN #30307047

$199,900
07/06/1990

Sold (Public Record)

Public Record #87909040

$135,000

+216.1% / yr

05/02/1990

Sold (Public Record)

Public Record #87908979

$110,000

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

Public Records for 40 Clark Street

Taxable ValueLand$293,200Additions$397,800Total$691,000
Tax Record2025$7,822 ($652 / month)
Home Facts
Baths6Total Finished SqFt1,649 SqFtAbove Grade Finished SqFt1,649 SqFtUnfinished Basement SqFt749 SqFtStories2Lot Size2,152 SqFtStyleTriplexYear Built1900ZoningRESACountyMIDDLESEXAPNMALD M:093 B:703 L:331

Schools near 40 Clark 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
Salemwood School
PublicK to 8

Malden High School
Public9 to 12

Ferryway School
PublicK to 8

Forestdale 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.

Similar Homes

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40 Clark Street is a multi-family home for sale in Malden, MA 02148. This property was listed for sale on January 14, 2026 by Commonwealth Properties Residential, LLC, it's currently listed at $949,900. It has been on the market for a total of 11 days and was last sold on June 28, 2018. This listing's school district is Malden School District. Nearby schools include Salemwood School, Malden High School and Ferryway School. 40 Clark Street is a 4-bed, 4-bath, 2,523 sqft multi-family home built in 1900.

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 Commonwealth Properties Residential, LLC, Prescott White

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.