Front exterior of 323 Bainbridge Street, a white two family home in Malden

323 Bainbridge Street

Two family in Forestdale. Malden, MA 02148. Two units, two levels each. One unit is vacant and ready for you.

$1,050,000
2Units
5Bedrooms
3Full baths
3,297Sq ft total
4Off street parking
Request a showing Take the 3D tour

Showings start Friday, September 26. MLS# 4167478.

Move into one unit. Let the other help pay the mortgage.

This Forestdale home fits an owner occupant or an investor. Move into the open unit and let the other help pay the mortgage. Or set your own rent from day one and run it as a full income property.

Each unit takes two full levels, so both live like townhouses. Each has its own entrance, its own high efficiency gas heat, and its own on demand hot water. Both kitchens have quartz counters and stainless steel appliances. Both units have laundry inside.

Owner occupants may qualify for Malden's residential tax exemption. Ask us how it works.

Outside is a standout. A fenced, two tier paver patio gives you room to cook out, relax, and entertain. There are raised garden beds and a screened gazebo. No grass to mow, so upkeep stays easy. Four off street parking spaces sit on the 5,044 square foot lot.

Two units. Two levels each.

Up and down layout. Unit 1 takes the main floor and the finished walk out lower level. Unit 2 takes the top two floors.

Unit 1 kitchen with white cabinets, quartz counters, and stainless steel appliances
Unit 1. Vacant and ready.

Lives like a townhouse

The main floor has a great layout, hardwood floors, and a kitchen with quartz counters and stainless steel appliances. A spiral staircase leads down to a finished walk out lower level with a second full bath, flexible living space, and laundry.

Bedrooms
2
Bathrooms
2 full
Rooms
7
Levels
Main floor plus finished lower level
Status
Vacant. Easy to show.
  • Hardwood floors, upgraded cabinets and counters
  • Bath with shower stall and bath with tub
  • Ceiling fans, programmable thermostat, storage
  • Energy Star appliances, washer and dryer
  • Hot water baseboard and radiator heat, gas
Unit 2 kitchen with cathedral ceiling and skylight
Unit 2. Leased at $3,500 a month.

Three bedrooms on the top two floors

The living room opens to a cathedral ceiling kitchen with a skylight. One bedroom is on the main level and two are on the upper level. Laundry is in the unit. Lease runs through July 31, 2027. 24 hours notice required for showings.

Bedrooms
3
Bathrooms
1 full
Rooms
7
Levels
Floors 2 and 3
Status
Tenant occupied through 7/31/27
  • Cathedral ceiling and skylight in the kitchen
  • Hardwood floors, quartz counters, upgraded cabinets
  • Ceiling fans, programmable thermostat, storage
  • Energy Star appliances, washer and dryer
  • Hot water radiator heat, gas

The numbers, from the listing sheet

Unit 2 is under lease. Unit 1 is vacant, so you set that rent. The figures below come from the MLS listing and are for the leased unit only.

$3,500Unit 2 monthly rent, leased through 7/31/27
$42,000Gross annual income from Unit 2 alone
Set your ownUnit 1 rent. It is vacant today.

Owner paid expenses listed on MLS: water $880 a year, insurance $2,284 a year. 2026 tax $11,066. Buyers should verify all figures and get their own rent estimate for Unit 1. Ask us for a rent comparison.

Outside is a standout

A fenced, two tier paver patio with room to cook out, relax, and entertain.

Raised garden beds. A screened gazebo. A storage shed. A front porch. There is no grass to mow, so weekends stay free. Four off street parking spaces round it out.

Screened gazebo on the paver patio with raised garden beds

The location does the rest

Forestdale is a quiet Malden neighborhood with quick access to the Orange Line, the commuter rail, Route 1, and I-93.

About 0.8 miOak Grove Station. Orange Line and Haverhill commuter rail. Recent MBTA track and signal work means faster trains into Boston.
About 1.3 miMalden Center. Downtown restaurants are minutes away.
About 0.5 miForestdale School, K to 8.
NearbyPine Banks Park with 108 acres of trails, ball fields, and a dog park.
Close byTrafton Park, the Middlesex Fells, and the Northern Strand bike trail.
Short driveMelroseWakefield Hospital, Route 1, I-93, and Logan Airport.

The new Malden River Works park opens this October. And Bainbridge Street is a local favorite on Halloween night.

Take the 3D tour

Walk through both units from your phone or laptop.

The 3D tour will appear here once the link is added.

Facts and features

From the MLS listing and public record. Buyers should verify all information.

Property type
Multi family, 2 units, up and down
List price
$1,050,000
Living area total
3,297 sq ft (public record)
Above grade
2,625 sq ft
Below grade, finished
672 sq ft
Lot size
0.12 acres (5,044 sq ft)
Total rooms
14
Bedrooms
5 (2 in Unit 1, 3 in Unit 2)
Bathrooms
3 full
Floors
4
Parking
4 off street spaces, no garage
Basement
Full, finished, walk out, interior and exterior access
Heat
Hot water baseboard and radiators, gas, 2 units, 4 zones
Hot water
Natural gas, tankless
Cooling
Window AC
Construction
Frame
Exterior
Vinyl
Roof
Asphalt and fiberglass shingles
Foundation
Fieldstone
Flooring
Hardwood, vinyl
Water and sewer
City water, city sewer
Lot
Gentle slope, public road
Exterior features
Porch, patio, gutters, storage shed, fenced yard, gazebo, garden area
Year built
1890, approximate, per public record
Zoning
RESA
Assessed value
$970,700
Taxes
$11,066 (2026)
Map, block, lot
0090, 0770, 0020
Lead paint
Unknown. See attached disclosure.
MLS #
4167478

Request a showing

Showings start Friday, September 26. Unit 1 is vacant and easy to show. Unit 2 needs 24 hours notice. Tell us when you want to see it and we will confirm by text or email.

For buyer's agents

Email all offers to GregoryAnderson@ACBRealtyInc.com as one PDF, including pre approval or proof of funds. The lead paint disclosure and residential home inspection disclosure are attached to the MLS listing.

Buyer's brokers and facilitators: call or email the list agent to schedule.