About this home
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
Listing last checked: Listing updated:
Listed by Ryan Bartlett · Greater Metropolitan R. E. · MLS #73531709
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Details at a glance
Interior2 property facts
- Rooms
- 17
- Basement
- Not reported
Building4 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 1900
- Parking
- 5
- Foundation
- Brick/Mortar
Land & utilities5 property facts
- Lot size
- 0.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- ResA
Financial2 property facts
- Annual taxes
- $14,896
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,300,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,815 / monthAdjust
- Principal & interest
- $6,574
- Property tax
- $1,241
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $14,896. 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.
More property insights
Automated value estimate $1,549,845
Estimated range $1,412,973–$1,686,717.
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 29-31 Sprague St
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