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323 Pearl StMalden, MA 02148

Middlesex County

$949,000List price
4Beds
3Baths
2,457Sq Ft
1928Year built
0.26Acre lot
4Stories
4 days agoOn market

Description

Rare opportunity in Malden! 323 Pearl Street offers THREE separate single-family homes situated on one lot, presenting a unique opportunity for investors, owner-occupants, or those seeking a multigenerational living arrangement. Held by the same family for generations and offered for sale for the first time in decades, this is truly a one-of-a-kind property.The property offers six paved off-street parking spaces, a large fenced-in common yard, and a storage shed offering additional storage or potential rental income. Each home also features a generously sized basement, providing ample additional storage space for occupants.Two of the three homes are currently tenant-occupied with Tenancies at Will, providing immediate rental income, while the third home will be delivered vacant. An excellent opportunity for an owner-occupant or investor looking to renovate and maximize the property's potential. Several important improvements have already been completed, including recently updated roofs, chimneys, and mechanical systems. Recent updates include a steam boiler serviced in 2025 and a water heater replaced in 2023 in unit 323, as well as a steam boiler replaced in 2022 in unit 327.With three individual homes, existing rental income, and significant value-add potential, this property offers tremendous flexibility for its next owner. Conveniently located with easy access to Malden Center, Wellington Station, major routes, shopping, and dining, including Assembly Row.323 Pearl Street may also be purchased together with neighboring 333 Pearl Street, presenting a rare opportunity to acquire both properties simultaneously and offering exciting potential for future expansion or redevelopment, subject to buyer due diligence and applicable approvals.

Property Information

Property type
Residential Income
Sub-type
Triplex
Year built
1928
Stories
4
Living area
2,457 Sq Ft
Lot size
0.26 acres
Parking spaces
6
Zoning
ResA
Days on market
4
MLS® Listing#
73584283

Property Features

Interior
Walk-In Closet(s) · Ceiling Fan(s) · Storage
Exterior
Rain Gutters · Garden
Appliances
Range · Refrigerator · Dishwasher · Washer · Dryer · Gas Water Heater
Cooling
Ceiling Fan(s)
Heating
Natural Gas · Steam · Oil · Zoned
Flooring
Wood · Tile · Vinyl · Carpet · Varies · Laminate · Bamboo · Hardwood
Basement
Interior Entry · Sump Pump · Concrete · Unfinished
Parking
Paved · Off Street · Common
Laundry
Gas Dryer Hookup · Washer Hookup
Patio
Porch
Fencing
Fenced
Lot features
Level
Construction
Frame
Foundation
Stone
Roof
Shingle
Windows
Screens
Other structures
Shed(s)
Community
Pool · Tennis Court(s) · Park · Golf · Sidewalks
Sewer
Public Sewer
Water source
Public

Schools

Elementary
Beebe School
Middle
Malden High
High
Ferryway School

Financial Details

Annual taxes
$10,518Tax year 2026
Assessed value
$922,600
Parcel number
M:0042 B:0210 L:0015,593973

Directions

Medford Street to Pearl Street

Open Houses

Listing Courtesy: Coldwell Banker Realty - Worcester - 5087957500

Presented by: Yana Bushmelov

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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