Property profile

230 Salem St Malden, MA 02148

OFF-MARKET
Retail space
Property ID
US38-1836935
1,920 SF 0.13 ac lot Built 1974
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,872 square foot commercial building, located at 230 Salem Street in Malden, Massachusetts (zip code 02148), presents a versatile investment opportunity. Situated on a 5,715 square foot lot, this single-story, one-unit building is zoned NB and offers significant potential for a variety of uses. Previously a convenience store, the property currently houses a laundromat with 28 washers and 41 dryers, offering a potential buyer the option to continue this operation or pursue other commercial ventures. The high-traffic location on Salem Street provides excellent visibility and accessibility. The building, renovated in 1974, offers on-site parking for eight vehicles. The property is being sold "as is" and is available for showing. The space could accommodate a single user or be easily converted into multiple leased spaces, suitable for businesses such as salons, offices, or food service establishments. Occupancy is available October 1, 2024. The asking price is available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction STEEL FRAME
Total area 1,920 SF
Lot 0.13 ac (5,715 SF)
Zoning code NB
APN MALD M:093 B:708 L:801
UPID US38-1836935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

230 Salem St Malden, MA 02148-4113
Malden metro Census 341600 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2025
Last sale
$1.1M
6 recorded transactions
2025
$1.1M
2022
Price N/A
2020
$550,000
2011
Price N/A
2010
Price N/A
1997
$179,500

Zoning & alternative use

NB · Malden, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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