Scott Martin
Martin Property Management
(339) 293-0695
13 Total Sales
1 in Forestdale
$650,000 Price
40 Clark St Malden, MA 02148
Forestdale Neighborhood
4
Beds
4
Baths
2,523
Sq Ft
2,152
Sq Ft Lot
Highlights
- Property is near public transit and schools
- Balcony
- Walk-In Closet
- Wood Flooring
- Porch
- Bathtub with Shower
About This Home
As of May 2026Excellent opportunity to own a well-maintained multifamily in a prime Malden location. Unit 1 is a garden level TAW-leased 1B/1BA with low ceilings. Unit 2 is an updated 1B/1BA second floor unit with private deck (tenant vacating 3/31). Unit 3 is a townhouse style vacant 2B/2BA unit ideal for an owner-occupant or to lease at market rent, offering immediate income with strong upside potential. Features include updated countertops and cabinets, wood flooring, laundry hook-ups in two units, balcony, deck and yard. A new roof was installed in 2018. All units separately metered and tenants pay their own utilities. Nestled in a quiet neighborhood with on-street parking (no driveway). Conveniently located near bus routes, restaurants and shops, and about 1 mile to Malden Center and Oak Grove T stops - key drivers of demand in Malden’s strong rental market. This is a solid opportunity for investors seeking a stabilized asset or owner-occupants looking to offset expenses with rental income.
Last Agent to Sell the Property
Commonwealth Properties Residential, LLC Listed on: 01/14/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,822
Year Built
- Built in 1900
Lot Details
- 2,152 Sq Ft Lot
- Cleared Lot
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,523 Sq Ft Home
- Property has 1 Level
- Living Room
- Storage
- Washer and Dryer
- Wood Flooring
- Finished Basement
- Walk-Out Basement
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Outdoor Features
- Balcony
- Porch
Additional Features
- Property is near public transit and schools
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $1,550
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:093 B:703 L:331,597616
Community Details
Building Details
- Electric Expense $120
- Insurance Expense $2,512
- Water Sewer Expense $927
- Operating Expense $3,559
- Net Operating Income $68,981
Additional Features
- 3 Units
- Shops
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Forestdale, MA
-
Scott Martin
-
ZhiChao Chen
ZhiChao Chen
SPACE CY REALTY LIMITED
(855) 528-1854
143 Total Sales
1 in Forestdale
$850,000 Price
-
Alexander Koziakov
Alexander Koziakov
Compass
(781) 417-5576
88 Total Sales
1 in Forestdale
$571,000 Price
-
Joan Powell
Joan Powell
RE/MAX Andrew Realty Services
(857) 349-2584
19 Total Sales
1 in Forestdale
$680,000 Price
-
Claudia Urquijo
CU
Claudia Urquijo
Maven Realty
(857) 353-8624
13 Total Sales
1 in Forestdale
$1,050,000 Price
-
Johnny Long
Johnny Long
PRIVI Realty LLC
(857) 353-8035
167 Total Sales
1 in Forestdale
$812,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/26/2026 05/26/26 | Sold | $870,000 | -3.3% | $345 / Sq Ft |
| 03/19/2026 03/19/26 | Pending | -- | -- | -- |
| 03/11/2026 03/11/26 | Price Changed | $900,000 | -5.3% | $357 / Sq Ft |
| 03/10/2026 03/10/26 | For Sale | $949,900 | 0.0% | $376 / Sq Ft |
| 02/13/2026 02/13/26 | Pending | -- | -- | -- |
| 01/14/2026 01/14/26 | For Sale | $949,900 | -- | $376 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
Prescott White
Seller's Agent in 2026
Prescott White
Commonwealth Properties Residential, LLC
(860) 798-9291
1 in this area
17 Total Sales
-
Ebere Anosike
EA
Buyer's Agent in 2026
Ebere Anosike
Amara Realty
1 in this area
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73468369
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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