283-289 Salem St Malden, MA ^$ 1,199,999

283-289 Salem St

^$ 1,199,999

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Recently Listed

283-289 Salem St

Malden, MA, 02148

^$ 1,199,999

Bedrooms-- Baths-- Sq 1,560

Monthly Estimate*

^$ 8,288

283-289 Salem St, Malden, MA 02148 - Image 1

283-289 Salem St, Malden, MA 02148 - Image 2

283-289 Salem St, Malden, MA 02148 - Image 3

283-289 Salem St, Malden, MA 02148 - Image 4

283-289 Salem St, Malden, MA 02148 - Image 5

Commercial Property for sale in Malden, MA

for $1,199,999. This 1,560 square foot building was built in 1900 on a lot size of 0.05.

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**

Commercial Active

Price

^$ 1,199,999

Property Type

Commercial

Taxes

^$ 8,841

Style

Commercial

Lot Size

0.05

Year Built

1900

Town/City

Malden

County/Region

Middlesex

MLS | Web ID

73587560

List By

Walace Nogueira

Listing Agent

Fellsway Realty, Llc

Broker

Affordability Calculator

$9,025

Per Month

Monthly Principal & Interest: $8,288
Monthly Property Taxes: $737
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Malden, MA

Average List Price ^$1,398,166

Percent of Sale Price 17%

About Malden, MA

63,704 Population

13% Since 2002

^$62,106 Median Income

39.23 Median Age

26% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
10/7/2026	$1,199,999		Listed Price

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283-289 Salem St, Malden, MA, 02148 is a Commercial Property for sale at $1,199,999 with 1,560 sqft and a lot size of 0.05. 283-289 Salem St was built in 1900. The property's zip code is 02148 which is in Malden, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 10/14/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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283-289 Salem St

Commercial Property for sale in Malden, MA

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