Malden, MA Multifamily Market

[Dan Pezzano]

Hey BP!

Reaching out to get your thoughts, comments, concerns on the Malden Multifamily market.  

Thanks,

Dan

[Lien Vuong]

Malden, MA has been a great market for buy and holds with room for positive cash flow. If you're looking to 'house hack' this town does give you a residential tax discount of 30% which is a great boost and it's proximity to the city makes it very desirable for Boston commuters. Having lived in the Malden/Everett area for about five year now, I have seen it been very stable in terms of community growth and it certainly attracts the right kind of renters - young professionals, DINK (double income no kids), who will pay more than the average single tenant. If you're tighter on your wallet, Everett is the better way to go as their average 2 family goes for an average of $50k less and rents are very comparable esp. when you can offer parking. 

Best of luck to you and hope this local opinion helps!