Off Market Mar 2022 for $1M

$1,041,515

Est. refi paymentEst. refi $580/mo

•

3,245

sq ft

40 Spring St, Malden, MA 02148

About this home

Amazing opportunity to own a 2 Family in downtown Malden with 3 Car Garage. Walk into this well-maintained bright home featuring a great layout and space for both units. The first unit offers 2 Bedrooms, a living room, a spacious kitchen with hardwood floors throughout, and a washer-dryer in the unit. The second unit offers 4 bedrooms with living room, dining room, kitchen, den, and bedroom, in-unit washer/dryer and full bath on 2nd floor and 3 spacious bedrooms on 3rd floor with another full bath. Recent updates are a new roof in 2019, shared driveway paved 2020, freshly painted siding 2020, the kitchen was redone for both units in 2015. Walking distance to Malden Center, Malden High School, Library, downtown area, shopping, great restaurants, and minutes to 93. With some sweat equity, you can make this a great home.---- Offer deadline Monday Feb 6rh @ 5pm

Multi-familyProperty Type

1900Year Built

5,258 sq ftLot Size

$321Est. Price/Sq.Ft.

3 garage spacesParking

Listed by SK Group • Keller Williams Realty Boston Northwest

Bought with Matthew Wessels • Broad Sound Real Estate, LLC

Redfin checked: a minute ago

•Source:MLS PIN #72939647

Redfin Estimate

$1,041,515

$37K since sold in March 2022$43K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.8% lower than the average sale price ($1.06M) of 6 comparable homes.

SOLD MAR 30, 2026
$1,350,000
A
6 beds4 baths4,347 sq ft
241 Mountain Ave, Malden, MA 02148
SOLD MAY 19, 2026
$1,260,000
B
8 beds4 baths3,860 sq ft
36-38 Albion St, Malden, MA 02148
BOUGHT WITH REDFIN JAN 30, 2026
$1,125,000
C
5 beds2 baths3,179 sq ft
43 Park St, Malden, MA 02148
SOLD OCT 27, 2025
$720,000
D
8 beds3 baths2,872 sq ft
62 Wolcott St, Malden, MA 02148
SOLD APR 10, 2026
$910,000
E
6 beds2 baths2,551 sq ft
22 Porter St, Malden, MA 02148
SOLD JUN 17, 2026
$1,000,000
F
6 beds3 baths3,174 sq ft
93-95 Faulkner St, Malden, MA 02148

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Earn from this home

Sell

$252,898

Est. take-home

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Refinance

Est. cash available

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Market trends in 02148, MA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

102.2%

0.6% MoM

Median sale price

$700K

$65K MoM

Avg. days on market

21d

1 days MoM

Recently sold homes

103

19 MoM

New listings for sale

EARLY ACCESS
Unknown
4 beds3 baths1,560 sq ft
23 Bowdoin St, Malden, MA 02148
OPEN SAT, 11AM TO 12PM
$950,000
5 beds2 baths2,238 sq ft
59-61 Presley St, Malden, MA 02148
$329,900
1 bed1 bath605 sq ft
80 Main St #9, Malden, MA 02148
$619,000
3 beds1 bath1,078 sq ft
10 Revere St, Malden, MA 02148
$469,000
1 bed1 bath731 sq ft
145 Glenwood St #305, Malden, MA 02148
$729,000
3 beds2 baths1,704 sq ft
183 Madison St #2, Malden, MA 02148
$949,900
4 beds2 baths1,992 sq ft
19 George St, Malden, MA 02148
See all

Provided by Redfin

Sale history for 40 Spring St

Year

Property tax

Land + Additions

Assessment*

2026

$12,305 (+3.2%)

$333,600 + $731,600

$1,065,200

2025

$11,921 (+2.7%)

$308,600 + $744,500

$1,053,100

2024

$11,611 (+2.9%)

$291,900 + $701,300

$993,200

2023

$11,289 (+33.4%)

$266,900 + $659,200

$926,100

2022

$8,461 (+3.6%)

$241,800 + $443,300

$685,100

2021

$8,164 (+3.5%)

$221,000 + $443,300

$664,300

2020

$7,885 (+1.6%)

$210,200 + $413,100

$623,300

2019

$7,758 (+3.5%)

$200,200 + $384,400

$584,600

2018

$7,496 (+2.7%)

$168,900 + $363,100

$532,000

2017

$7,298 (+10.2%)

$168,900 + $346,100

$515,000

2016

$6,620 (+3.4%)

$160,500 + $276,200

$436,700

2015

$6,401 (+6.2%)

$151,400 + $255,500

$406,900

2014

$6,029 (+6.8%)

$137,600 + $236,900

$374,500

2013

$5,647 (+15.5%)

$130,900 + $224,700

$355,600

2012

$4,888 (+4.3%)

$130,900 + $210,200

$341,100

2011

$4,688 (+1.0%)

$130,900 + $214,300

$345,200

2010

$4,640 (+2.4%)

$137,600 + $236,900

$374,500

2009

$4,531

$150,100 + $307,100

$457,200

Tax history for 40 Spring St

Year

Property tax

Land + Additions

Assessment*

2026

$12,305 (+3.2%)

$333,600 + $731,600

$1,065,200

2025

$11,921 (+2.7%)

$308,600 + $744,500

$1,053,100

2024

$11,611 (+2.9%)

$291,900 + $701,300

$993,200

2023

$11,289 (+33.4%)

$266,900 + $659,200

$926,100

2022

$8,461 (+3.6%)

$241,800 + $443,300

$685,100

2021

$8,164 (+3.5%)

$221,000 + $443,300

$664,300

2020

$7,885 (+1.6%)

$210,200 + $413,100

$623,300

2019

$7,758 (+3.5%)

$200,200 + $384,400

$584,600

2018

$7,496 (+2.7%)

$168,900 + $363,100

$532,000

2017

$7,298 (+10.2%)

$168,900 + $346,100

$515,000

2016

$6,620 (+3.4%)

$160,500 + $276,200

$436,700

2015

$6,401 (+6.2%)

$151,400 + $255,500

$406,900

2014

$6,029 (+6.8%)

$137,600 + $236,900

$374,500

2013

$5,647 (+15.5%)

$130,900 + $224,700

$355,600

2012

$4,888 (+4.3%)

$130,900 + $210,200

$341,100

2011

$4,688 (+1.0%)

$130,900 + $214,300

$345,200

2010

$4,640 (+2.4%)

$137,600 + $236,900

$374,500

2009

$4,531

$150,100 + $307,100

$457,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,258

Year renovated

—

Sq. Ft.

3,245

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Middlesex County

APN

2381031S

Parking Spaces

Basement

Yes

Accessible

HOA Dues

—

Garage

Yes

Features

—

Last updated by owner on May 26, 2023.

Sep 19, 2023 • Final

Gas

Install a new combination heating and air conditioning unit.

Gas

Apr 12, 2023 • Final

Residential building: alteration

Perform weatherization, insulation, and air sealing work.

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 3
# of Covered Spaces: 3
Parking Spaces: 4
Parking Features: Paved Drive, Shared Driveway, Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 3

Basement Information
Basement: Full

Laundry Information
Laundry Features: Electric Dryer Hookup, Washer Hookup

Fireplace Information
Has Fireplace
# of Fireplaces (Total): 2

Interior Features
# of Rooms (Total): 12
Window Features: Insulated Windows
Flooring: Tile, Varies, Hardwood

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N

Unit #2 Information
# of Levels: 2
# of Floors: 2
Lease: N

Exterior

Building Information
Building Area (Total): 3,245
Foundation Details: Stone
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual,Approximate

Exterior Features
Roof: Shingle
Patio And Porch Features: Porch

Property Information
PropertySubType: 2 Family - 2 Units Up/Down

Lot Information
Lot Size (Acres): 0.12
Lot Features: Easements
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $8,460.99
Tax Year: 2022

Utilities

Utility Information
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Electric: 100 Amp Service

Heating & Cooling
Heating Units: 2
Cooling Units: 0

Location

Location Information
Directions: Salem St to Park St to Spring St
UnparsedAddress: 40 Spring St, Malden MA 02148

Community Information
Senior CommunityYN: No

Public facts

Beds: 6
Baths: 3.0
Sq. Ft.: 3,245
Stories: 3.0
Parking Spaces: 4
Basement: Yes
Accessible: No
Lot Size: 5,258 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Middlesex County
APN: 2381031S
HOA Dues: —
Garage: Yes
Features: —

Home facts updated by owner on May 26, 2023

Other

Miscellaneous Information
Heat Zones: 2

Listing Information
StandardStatus: Closed

Around this home

Schools

Ferryway School

Public K-8 • Assigned • 0.6mi

7/10

Malden High School

Public 9-12 • Assigned • 0.2mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 hot days expected this year, 15 days in 30 years

Wind Factor

We're working on getting current and accurate wind risk information for this home.

Air Factor

We're working on getting current and accurate air risk information for this home.

Provided by First Street

Historical weather

Malden, MA • 02148

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$990,000 – $1.20M

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Nearby similar homes

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New listings for sale in 02148

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Unknown

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59-61 Presley St, Malden, MA 02148

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10 Revere St, Malden, MA 02148

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145 Glenwood St #305, Malden, MA 02148

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3 beds2 baths1,704 sq ft

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Home values near 40 Spring St

Data from public records.

Address	Redfin Estimate
48 Spring Street, Malden, MA 5 Beds \| 3 Baths \| 2371 Sq. Ft.	$991,116
34 Spring Street, Malden, MA 7 Beds \| 3.5 Baths \| - Sq. Ft.	$1,062,657

Address	Redfin Estimate
44 Spring Street, Malden, MA 6 Beds \| 6 Baths \| 4602 Sq. Ft.	—
28 Spring Street, Malden, MA 8 Beds \| 2 Baths \| 2685 Sq. Ft.	$1,051,985

Address	Redfin Estimate
36 Spring Street, Malden, MA 14 Beds \| 16.5 Baths \| 9150 Sq. Ft.	—
29 Spring Street, Malden, MA 5 Beds \| 3.5 Baths \| 3166 Sq. Ft.	$1,011,906

Property information provided by MLS PIN when last listed in 2022. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 02148, MA

Sale history for 40 Spring St

Tax history for 40 Spring St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 02148

Home values near 40 Spring St

More real estate resources