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45 Fairview Terrace Malden — Photo 1 of 19

45 Fairview Terrace Malden — Photo 1 of 19

$750,000

Investment Analysis — 45 Fairview Terrace

Malden, MA 02148

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 3.69% cap rate and $27,671/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

1.5

SqFt

2,259

Style

Single Family

Built

1900

Welcome to this distinctive single-family residence offering 5 bedrooms across three thoughtfully arranged levels of living space. The first floor welcomes you with a tiled foyer leading into a comfortable and inviting layout. The spacious living room and formal dining room open directly to a composite deck, creating an easy connection between indoor and outdoor living. An open floor plan provides convenient access to the renovated kitchen, half bathroom, and outdoor spaces, making everyday living and entertaining effortless.A charming Jack-and-Jill staircase leads to the second level, where you’ll find three generously sized bedrooms, a versatile bonus room, and a renovated full bathroom. The third floor offers two additional well-proportioned bedrooms along with a separate attic space that is already plumbed and ready for a future bathroom addition, offering valuable potential for customization and expansion.Step outside from the first-floor deck into the fully fenced backyard, featuring a pergola adorned with grapevines and a private setting ready for gardening, entertaining, or simply enjoying the outdoors.Recent updates add to the home’s appeal and functionality, including energy-efficient windows and doors replaced in 2023, vinyl siding installed in 2011, a kitchen renovation completed in 2010, and stainless steel appliances that are only a few years old. The water heater was replaced in 2015.With its flexible three-level layout, five bedrooms, outdoor space, and opportunities for future improvement, this home offers a wonderful combination of comfort, versatility, and potential for its next owner.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,259 sq ft principal dwelling). Lot size: 3,360 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$750,000
Annual Taxes$8,900

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms9
FireplacesNone
FlooringHardwood
BasementFull, Walk-Out Access, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingElectric Baseboard, Hot Water, Natural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionStone
RoofShingle
FoundationConcrete Perimeter
ZoningRESA

Property & Lot

Acres0.08
SqFt Lot3,360
Lot Features--

Amenities & Appliances

Tankless Water Heater • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Medical Facility • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Dining Room
Main,First
Living RoomKitchenBathroom 1
Living Room
Lvl Main,First

13.333333333 x 14.583333333

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Deck - Exterior, Open Floorplan

Dining Room
Lvl First

15.166666666 x 13.416666666

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Deck - Exterior, Exterior Access, Slider, Decorative Molding

Kitchen
Lvl Main,First

13.083333333 x 13.416666666

Ceiling Fan(s), Flooring - Hardwood, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Remodeled

Primary Bedroom
Lvl Second

13.25 x 13.5

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead

Bedroom 2
Lvl Second

14.666666666 x 13.083333333

Bedroom 3
Lvl Second

13.166666666 x 12

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead

Bedroom 4
Lvl Third

20.583333333 x 10.25

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead

Bedroom 5
Lvl Third

13.583333333 x 13.166666666

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead

Bathroom 1
Lvl Main,First

7.25 x 4.25

Bathroom - Half, Window(s) - Bay/Bow/Box, Bidet, Dryer Hookup - Electric, Washer Hookup, Lighting - Pendant, Pedestal Sink

Bathroom 2
Lvl Second

9.75 x 5.666666666

Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Window(s) - Stained Glass, Countertops - Stone/Granite/Solid, Bidet, Remodeled, Lighting - Sconce, Lighting - Overhead

Listing Provided By

Listing Agent: Mission Realty Advisors

Listing Office: Compass

MLS® Number: 73578236