69-71 Cedar St
Malden, MA 02148
Multifamily Property For Sale · 12 Units

Property Description
The apartments at 69-71 Cedar Street, Malden, MA consist of 12 Units, totaling 8454 gross square feet and 5996 rentable square feet. There are 6-two room studios referenced as one bedroom in the rent roll and 6-studios. The property is a three-story vinyl-sided building constructed in 1925 that sits on a 7697 square foot lot with off street parking for 5 cars of which 4 are included in the rent for units 1,7,9 and 12. The property is a "walker's paradise" with a Walk Score of 91. It is just a 5-minute walk from the Malden Center MBTA Station, providing direct Orange Line and commuter rail access to downtown Boston.
Location Description
Malden, MA, offers a premier investment location by combining intensive transit-oriented development, a dense renter-occupied population, and a state-backed revitalization strategy. Recently designated as a MassDevelopment Transformative Development Initiative (TDI) district, Malden is reinforcing its position as a high-growth "Gateway City" and a vital North Shore anchor. Its immediate MBTA Orange Line and Commuter Rail access, coupled with a booming residential pipeline and a unique downtown "Gaming District," make it a high-demand alternative to Boston and Cambridge for multifamily and mixed-use investments.
Located just five miles north of Boston, Malden is a dense, diverse urban center that effectively balances its industrial heritage with modern redevelopment. As a primary residential node for the Greater Boston inner core, it supports a significant commuter population, with approximately 58% of households being renter-occupied. The city’s strategic focus on the Malden Center TOD framework has created a self-sustaining ecosystem of ground-floor retail and Class A multi-family housing.
For investors, Malden represents an ideal intersection of urban density and sustained rental demand. With 2026 market fundamentals showing tight vacancy rates and a median monthly rent of approximately $2,613, the city promises long-term stability. Proactive rezoning efforts along the Commercial Street corridor and ongoing infrastructure enhancements provide a clear pathway for continued capital appreciation and the delivery of essential workforce and luxury housing.