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.
Listing last checked: Listing updated:
Listed by Rose Hall · Blue Ocean Realty, LLC · MLS #73582174
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Details at a glance
Interior4 property facts
- Rooms
- 16
- Heating
- Baseboard
- Flooring
- Vinyl, Laminate
- Basement
- Yes · Full, Walk-Out Access, Concrete
Building5 property facts
- Style
- 5+ Family - 5+ Units Side by Side
- Year built
- 1885
- Parking
- 3
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.23 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- ResA
Financial2 property facts
- Annual taxes
- $10,817
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,849,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$10,251 / monthAdjust
- Principal & interest
- $9,350
- Property tax
- $901
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,817. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$1,849,000 · Mar 12, 2026
More property insights
Automated value estimate $1,779,939
Estimated range $1,631,822–$1,928,057.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 14-16 Ripley St
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