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    84 Fellsway E Malden, MA 02148

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    For Sale
    $1,550,000

    Cash-flowing triplex in Malden's desirable Fellsway neighborhood.

    Lot size:
    0.12 Acres

    Property Features for 84 Fellsway E

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1900

    Source: EVO Real Estate Group, LLC Agent Sarah Abouchleih

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

    Overview

    Turnkey Malden Triplex for Sale

    This turnkey, cash-flowing triplex is located in the desirable Fellsway neighborhood of Malden. The property generates $10,620 per month in income. It features three spacious 4-bed/1-bath units. Each unit includes updated kitchens, modernized electrical, plumbing, and heating systems, as well as private front and rear decks. The property is designed for simple management, featuring common laundry and separately metered utilities. The location provides residents with convenient access to Malden Center, the Orange Line, Route 28, and I-93. The property is surrounded by shops, restaurants, parks, and schools. This property offers the opportunity to expand a portfolio or live in one unit while renting out the others.
    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 Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Malden
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0873695
    Latitude
    42.4255805

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    FAQs

    What type of property is this?
    Triplex - Cash-flowing triplex in Malden's desirable Fellsway neighborhood.
    Where is this triplex located?
    The property is located at 84 Fellsway E Malden, MA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Turnkey property generating $10,620 monthly income from day one.; - Located in Maldens desirable Fellsway neighborhood.; - Three spacious 4-bed/1-bath units with updated kitchens.
    (508) 948-8266
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    84 Fellsway E 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
    84 Fellsway E Malden, MA 02148
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