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    38-40 Russell St Malden, MA 02148

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    For Sale
    $1,350,000

    Classic three-family home in a desirable Edgeworth location.

    Lot size:
    0.08 Acres

    Property Features for 38-40 Russell St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1910

    Source: Cameron Prestige, LLC Agent Mark Cranfill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Edgeworth Three-Family Home Near Station

    This classic three-family home is situated in a desirable Edgeworth neighborhood, located two blocks from Malden Station and in close proximity to the Fellsway, I-93, and Wellington Circle. Each unit features 5 rooms, including 2 bedrooms, a living room, a dining room with a built-in hutch, and a kitchen with a pantry and gas stove. The property has separate utilities for each unit, including three gas hot water heaters. The heating systems include two FHA units powered by oil and one 3-year-old FHA unit powered by gas. The roof was replaced in 2020, and the property is equipped with circuit breaker panels. A Ring Camera on the premises records activity.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0794103
    Latitude
    42.4254639

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    FAQs

    What type of property is this?
    Triplex - Classic three-family home in a desirable Edgeworth location.
    Where is this triplex located?
    The property is located at 38-40 Russell St Malden, MA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime Edgeworth location, two blocks from Malden Station.; - Three separate units, each with 5 rooms including 2 bedrooms.; - Separate utilities for each unit.
    (617) 797-0331
    Request Owner's contact information
    38-40 Russell St Malden, MA 02148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-40 Russell St Malden, MA 02148
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