84 Fellsway E Malden, MA 02148
West End NeighborhoodEstimated payment $9,279/month
About This Home
Turnkey and cash-flowing from day one, this impressive 3-family is already bringing in $10,620 per month in income while offering the long-term upside smart investors chase. Set in Malden’s desirable Fellsway neighborhood, the property features three spacious 4-bed/1-bath units with updated kitchens, modernized electrical, plumbing, and heating systems, plus private front and rear decks that add everyday livability and tenant appeal. Designed for simple management with common laundry and separately metered utilities, this location also puts residents minutes from Malden Center, the Orange Line, Route 28, and I-93. Surrounded by shops, restaurants, parks, and schools, this is a rare opportunity to secure a high-performing asset in one of Greater Boston’s fastest-growing pockets. Whether you’re expanding a portfolio or planning to live in one unit while letting the others pay the mortgage, this property checks every box.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,593
Year Built
- Built in 1900
Lot Details
- 5,306 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
Interior Spaces
- 4,077 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 12 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number M:027 B:103 L:335
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $38,395
- Net Operating Income $87,845
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $136 | $1,200,800 | $325,900 | $874,900 |
| 2024 | $12,859 | $1,100,000 | $302,900 | $797,100 |
| 2023 | $13,656 | $1,120,300 | $275,800 | $844,500 |
| 2022 | $12,420 | $1,005,700 | $254,900 | $750,800 |
| 2021 | $12,802 | $1,041,700 | $239,400 | $802,300 |
| 2020 | $12,756 | $1,008,400 | $228,100 | $780,300 |
| 2019 | $11,508 | $867,200 | $217,300 | $649,900 |
| 2018 | $10,611 | $753,100 | $169,200 | $583,900 |
| 2017 | $9,736 | $687,100 | $169,200 | $517,900 |
| 2016 | $9,581 | $632,000 | $150,400 | $481,600 |
| 2015 | $9,097 | $578,300 | $142,900 | $435,400 |
| 2014 | $8,783 | $545,500 | $142,900 | $402,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Pending | -- | -- | -- |
| 10/28/2025 10/28/25 | For Sale | $1,550,000 | -- | $380 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,000,000 | None Available | |
| Deed | -- | -- | |
| Fiduciary Deed | -- | -- | |
| Deed | -- | -- | |
| Fiduciary Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $12,000,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73448698
APN: MALD-000027-000103-000335
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