1239 Salem St, Malden, MA 02148

$1,049,000 · For sale

1239 Salem St, Malden

Rarely does a property in Malden combine this much living space, land and flexibility. Offering ~2,505 sq. ft. of finished living space across three levels, off-street parking and an expansive ~0.37-acre lot, the property presents a compelling opportunity for investors, owner-occupants and multigenerational families. The main-level unit features 2 bedrooms, an open kitchen/living area, full bath and sun room off the kitchen, with direct access to the rear deck and expansive backyard. The ~829 sq. ft. finished lower level, accessible both internally from the main-level unit and through its own exterior walkout, features a living/family room, bedroom, office/den, full bath and wet bar. The second-floor unit, with its own dedicated exterior entrance, offers 2 bedrooms, full bath and an open kitchen/living area. Beyond the existing two-family use, the substantial rear yard may offer compelling potential for an accessory dwelling unit (ADU) under current state and local regulations. Convenient to MBTA bus service and area amenities. Buyers and/or buyer's agents to perform all due diligence, including verification of ADU eligibility, requirements and approvals.

About this address

1239 Salem St is a multi-family home for sale in Malden, MA 02148 with 2,505 square feet, asking $1,049,000. It was built in 1935. It has been on our site since October 29, 2026.

At $419 a square foot, it compares with a median of $354 among the 29 other multi-family homes for sale in Malden with a stated size.

The whole property at this address is assessed at $840,300 for fiscal year 2026. The assessor lists a lot of 0.37 acres.

It scores 72 out of 100 for walkability, from how close everyday places are.

The closest train or subway stop is Oak Grove (MBTA Orange Line and Haverhill Line), about 2.2 miles away. The closest bus stop is Salem St @ Clapp St (MBTA route 108), about 0.1 miles away.

The closest public schools by level are Linden (0.3 miles), Susan B. Anthony Middle School (1.2 miles) and Everett High (1.7 miles). The district decides which school serves an address.

Listing information from MLS Property Information Network (MLS PIN), MLS #73596579, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.

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