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Property Description
RARE OPPORTUNITY IN MAPLEWOOD SQUARE! ATTENTION INVESTORS AND DEVELOPERS! exceptional opportunity to own a four-unit commercial building along with a two-family home on one lot. The Salem Street commercial building is positioned on a high-traffic, high-visibility corridor, offering excellent exposure and strong rental potential. Ideal for investors seeking attractive income opportunities in a prime location. The two-family home requires major TLC but presents tremendous upside for value-add investors. With improvements, this property offers substantial income and appreciation potential. Multiple possibilities for redevelopment, rental income, or long-term hold in one of the area's most sought-after neighborhoods. Group showings only.
Full Property Details
Full Property Details for 697-705 Salem St
General
- Price: $1,799,000
- Taxes: (2026)
- Status: Active
- Type: Commercial
- Source: MLSPin
- MLS ID: 73477628
- Updated: 2/16/2026
- Added to Site: 1 day(s) ago
Location
- County: Middlesex
- Driving Directions: SALEM STREET
Utilities
- Utility Description: Public Water, Public Sewer
Structural Information
- Roof: Tar/Gravel
- Square Feet: 7,000
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.21
- Lot Dimensions: .21
- Zoning: Legal Conforming
Financial Considerations
- Tax Year: 2026
Disclosures and Reports
- Disclosures/Rstr.: PROPERTY HAS TWO BUILDINGS ONE ONE LOT. 697-705 SALEM STREET AND 13 MYRTLE STREET. SALEM STREET IS A 4 UNIT COMMERICAL BUILDING AND MYRTLE STREET IS A TWO FAMILY HOME.
- Property ID: 600355
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 697-705 Salem St
School District:Malden School District
| Name | Grades | Distance |
|---|---|---|
Salemwood School 529 Salem Street, Malden, MA 02148 | K-8 | 0.3 mi |
Forestdale School, Malden, MA 74 Sylvan Street, Malden, MA 02148 | K-8 | 0.6 mi |
Linden School 29 Wescott Street, Malden, MA 02148 | K-8 | 0.6 mi |
Malden High School 77 Salem Street, Malden, MA 02148 | 9-12 | 1.1 mi |
Ferryway School 150 Cross Street, Malden, MA 02148 | K-8 | 1.1 mi |
Beebe School 401 Pleasant Street, Malden, MA 02148 | K-8 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 697-705 Salem St
Date
Details
Price
Change
Source
2/16/2026
Listed
$1,799,000
299.78%
MLS
3/27/2001
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 697-705 Salem St
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$1,429,100
6%
2024
100%
$1,342,200
6%
2023
100%
$1,262,000
6%
2023
100%
$1,191,800
2%
2022
100%
$1,171,300
7%
2020
100%
$1,094,200
7%
2019
100%
$1,019,200
9%
2018
100%
$932,900
2%
2017
100%
$914,700
9%
2016
100%
$842,000
9%
2015
100%
$772,600
4%
2014
—
$745,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 697-705 Salem St
697-705 Salem Street, Malden, MA 02148 (MLS# 73477628) is a Commercial property. 697-705 Salem Street is currently listed for $1,799,000 and was received on February 16, 2026. This property is listed by Dave DiGregorio Team from our Waltham Office.Want to learn more about 697-705 Salem Street? Do you have questions about finding other Commercial real estate for sale in Maplewood? You can browse all Maplewood real estate or contact a Coldwell Banker agent to request more information.


