283-289 Salem St, Malden MA 02148

Malden, MA 02148

$1.2M

1,560 sf · 0.05 ac · Built 1900

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The residence

Great opportunity to acquire 283–289 Salem Street in Malden, a strategically located 3-unit commercial property offering an attractive combination of existing income potential, established retail presence, and long-term upside. The property currently has 2/3 units leased. Unit #283 was gut renovated in 2024 and is currently vacant (coffee shop) last rent was $2000/month, Unit 285-287 is a double wide unit renovated in 2023 and currently leased to a beauty salon paying $2500/month, Unit 289 is currently leased to a cell phone sales and repair shop paying $2200/month. This property is an excellent opportunity for an owner-user, investor, or entrepreneur seeking a property with an existing business environment. Positioned along Salem Street, the property benefits from strong neighborhood visibility and convenient access to Malden's surrounding residential and commercial areas. The location provides an ideal setting for a variety of retail, food-service, professional, and other commercial uses, subject to applicable zoning and permitting. **Buyer & Buyers Agent responsible for their own due diligence in confirming accuracy of information provided, permitting and licenses**

At a glance

Property type: Commercial Sale
Status: Active
Year built: 1900
Lot size: 0.05 acres
Living area: 1,560 sf
MLS#: acfba157b4847cab2e27af2a41526652
Beds · Baths: 0 · 0

Location

Malden, MA.

Malden, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+

$6K/mo

Approximate · principal & interest only

Down payment · 25%Interest rate · 6.75%Term · 30 years

Display Currency

$1.2M

Indicative conversion — settlement always in USD.

Private Showing

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Listing courtesy of Fellsway Realty, LLC · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listings updated Oct 11, 2026

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