About 29-31 Sprague St
Exceptional 5-unit Victorian investment opportunity on a picturesque, tree-lined street in desirable Malden. 29–31 Sprague Street features four (4) one-bedroom units and one (1) three-bedroom unit, offering a strong unit mix for steady rental income. This classic property showcases beautiful period architecture and timeless curb appeal that stands out in today’s competitive market. Off-street parking provides significant added value — a rare amenity in this area. Priced at approximately $300,000 per unit, this asset offers compelling value-add potential through updates and rent optimization. Located in Malden’s high-demand rental market with convenient access to public transportation, major routes, shopping, and dining. Ideal for investors seeking cash flow and long-term appreciation.
Features of 29-31 Sprague St
| MLS® # | 73531709 |
|---|---|
| Price | $1,500,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 4,057 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 29-31 Sprague St |
|---|---|
| Area | Forestdale |
| City | Malden |
| County | Middlesex |
| State | MA |
| Zip Code | 02148-4006 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Paved Drive |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Foundation | Brick/Mortar |
|---|
Additional Information
| Zoning | ResA |
|---|
Listing Details
| Agent | Ryan Bartlett |
|---|---|
| Office | Greater Metropolitan R. E. |