CCertihomes
383 Highland Ave, Malden, MA 02148

$1,250,000

10 beds 5 baths 4,000 sqft Built 19004 days on marketActive

About this home

Location!!!!Located near Malden Center, this expansive property is just steps from a T station and bus stops, perfect for commuters. It offers 4, 000 sq ft of living space on a 0.2-acre lot, featuring 20 rooms, including 10 bedrooms and 5 full bathrooms. This setup is ideal for generating significant rental income by renting out individual rooms or multiple units.The property includes 5 indoor garage spaces and an additional 7 off-street parking spaces, enhancing its rental appeal. The sizable lot also holds potential for various uses, such as expansion or redevelopment, to maximize income and functionality.With its prime location and ample living and parking space, this property is not just a residence but a lucrative investment opportunity with vast potential in a highly desirable area.Just moments from the Orange Line at Malden Center, residents can enjoy quick and direct access to downtown Boston, connecting effortlessly to educational institutions such as Northeastern University.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$8,435/mo

Real estate (PITI + HOA + PMI)
$8,310
Principal + interest$5,669
Property tax + insurance$2,172
PMI / 2nd mortgage$469
Utilities
$686
Heating + cooling$181
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$147
Car insurance + maintenance$147
Other (entertainment)
$158
$8,435/mo TLC
Budget$8,935/mo
Remaining after TLC$500/mo
Purchase price
$1,250,000
Down payment
$62,500 (5%)
Loan amount
$1,187,500
APR
4%

Quick facts

Type
Single Family Residence
Style
Colonial
Year built
1900
Lot size
0.2 ac
Stories
0
Heating
Baseboard, Oil
Cooling
Central Air, Wall Unit(s)
Water
Public
HOA
Annual tax
$10,694
MLS #
73230532
County
Middlesex

At a glance

Air conditioning
Basement
Garage (5)
Dishwasher

Home features

Appliances
Gas Water HeaterRangeDishwasherDisposalMicrowaveRefrigeratorWasherDryer
Community
Public TransportationShoppingParkWalk/Jog Trails
Parking
DetachedPaved DriveOff Street
Flooring
Hardwood
Roof
Shingle
Sewer
Public Sewer

Neighborhood — 02148

MetricThis ZIPCountyUSA
Population58,5506,444,931299,088,112
Population Change Since19904.00%7.00%20.00%
Population Density11,221786
Male28,4083,127,134147,432,321
Female30,1423,317,797151,655,844
Never Married16,9721,612,88563,775,926
Married22,1132,586,314123,120,365
Separated2,367247,85712,639,686
Widowed3,533363,59415,467,586
Divorced4,019436,88823,075,029
Number Of House Hold23,5792,431,591111,826,380
Average House Hold Size2.452.562.60
Medial Age37.4437.2535.46
Median House Hold Income$52,315$57,698$48,276
Average House Hold Income$59,393$75,023$63,629
P C I$24,465$29,196$24,529
M D I$44,131$48,105$41,133
A T H E$49,078$57,083$50,898
S T R5.00%5.00%
W C J79.17%81.38%77.74%
(Zip) Code
2148

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 4/30/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.