OPEN TODAY, 12PM TO 1:30PM

For sale

$1,849,000

Est. $11,364/mo —

•

3,282

sq ft

14-16 Ripley St, Malden, MA 02148

About this home

Great investment opportunity in Malden! Conveniently located near Oak Grove Orange Line Station and steps from MBTA bus service, offering easy access throughout Greater Boston. This well-maintained 6-unit multifamily is ideally located just off Main St in a thriving, well-established rental market and generates over $138k in revenue. Approximately 5,499 sq ft across three levels, the property features a desirable unit mix of two 1-bedroom units, one studio, and two 2-bedroom units. Significant upgrades completed in 2024 include high-efficiency heating systems, on-demand hot water, a new roof, new driveway and walkway, plus renovated unit interiors with updated kitchens, electrical, flooring, and plumbing. Additional features include on-site basement laundry and three off-street parking spaces. A strong addition to an investment portfolio in an established Malden rental market.

Multi-familyProperty Type

1885Year Built

10,018 sq ftLot Size

$563Price/Sq.Ft.

3 spacesParking

Listed by Rose Hall • Blue Ocean Realty, LLC

Listed by KeyKuen Ho • Blue Ocean Realty, LLC

Listing updated: Sep 24, 2026 at 10:52am

Redfin checked: a few seconds ago

•Source:MLS PIN #73582174

Payment calculator

$11,364 per month

Principal and interest$10,216

Property taxes

$901

HOA dues

Home insurance

$247

Utilities

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Open houses

Saturday, Sep 26

12:00pm - 1:30pm

Sunday, Sep 27

11:00am - 12:30pm

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Around this home

Schools

K - 12
Preschool & daycare

Beebe School

Public K-8 • Assigned • 0.8mi

6/10

Malden High School

Public 9-12 • Assigned • 0.6mi

4/10

Provided by GreatSchools

About Oak Grove-Island

Hill

Oak Grove-Island Hill, located between the Oak Grove MBTA station and Pine Banks Park, is a residential and hillside Malden neighborhood with a wooded edge and a commuter-rail rhythm. The neighborhood’s character concentrates around the Oak Grove station entrance on Washington Street, where morning foot traffic meets small storefronts and a steady transit pulse. Triple-deckers and early-20th-century houses line the slopes toward Island Hill, with pocket views and stone retaining walls shaping the streetscape. Pine Banks Park adds ballfields, paths, and a broad green break from the street grid. Community pillars include Idle Hands Craft Ales, Boda Borg Boston, and the Malden Public Library’s downtown hub.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Living room and dining room combo
Separate living room
Dining room
Loft
Insulated doors
Total of 16 rooms

Bedrooms
Unit 1: 1 level
Unit 2: 1 level
Unit 3: 2 levels
Unit 4: 2 levels

Bathrooms
Six full bathrooms

Kitchen
Range
Microwave
Refrigerator

Flooring
Vinyl flooring
Laminate flooring

Heating & cooling
Baseboard heating
Heating present

Sale and tax history for 14-16 Ripley St

Sale History
Tax History

Date

Event

Price

MLS PIN #73582174

Sep 24, 2026

Listed

$1,849,000

$563/sq ft

MLS PIN #73295348

Nov 26, 2024

Sold

$1,700,000

$518/sq ft

Sep 26, 2024

Listed

$1,725,000

$526/sq ft

+11

The property is well located off Main Street and in close proximity to the Orange Line (Oak Grove Station). This property is being delivered with many recent capital improvements for the new ownership. The property consists of six (6) units in total and three (3) off-street parking spots. The total gross square footage 5,499 ± with a unit breakdown of three (3) one-bedrooms, one (1) studio, and two (2) two-bedroom townhome style. The property has undergone many upgrades such as, new roof, new high efficiency heating system with on demand hot water, newly installed Lally columns with footers, replacement windows, electrical panels within the units, plumbing upgrades, 5 out of 6 units renovated with new kitchens, bathrooms, flooring, and common area completed. There is a newly installed driveway and walk-ways on both sides of the building wrapping around to the backyard.

Public record

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

—

Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

—

Style

Multi-Family (5+ Unit)

County

Middlesex County

APN

594146

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

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Garage

—

Features

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Last updated by owner on Sep 26, 2024.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

6/10 Wind Factor

62% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Malden, MA • 02148

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

74/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 14-16 Ripley St

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Details provided by MLS PIN and may not match the public record. Learn more.

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