408 Salem St
Malden, MA 02148
5 bd 3 ba 2,029 sqft Built 1880 Lot 5,105 sqft multi_family
Most recent sale
$635,000
Jun 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 11, 2022 | Sold | $635,000 | MLS #72967074 |
| Apr 15, 2022 | Listed | $698,800 | MLS #72967074 |
| Dec 28, 2012 | Sold | $319,900 | MLS #71452524 |
| Nov 2, 2012 | Relisted | $319,900 | MLS #71452524 |
| Oct 31, 2012 | Listing removed | $319,900 | MLSPIN |
| Oct 30, 2012 | Listed | $319,900 | MLS #71452524 |
| May 18, 2010 | Sold | $181,000 | MLS #71047156 |
| Mar 15, 2010 | Listed | $205,900 | MLS #71047156 |
| Oct 10, 2009 | Listing removed | $244,900 | MLSPIN |
| Sep 17, 2009 | Listing removed | $211,900 | MLSPIN |
| Sep 12, 2009 | Relisted | $211,900 | MLS #70952816 |
| Aug 28, 2009 | Listing removed | $211,900 | MLSPIN |
| Aug 26, 2009 | Relisted | $211,900 | MLS #70952816 |
| Aug 15, 2009 | Listing removed | $211,900 | MLSPIN |
| Aug 11, 2009 | Relisted | $211,900 | MLS #70952816 |
| Aug 5, 2009 | Listing removed | $211,900 | MLSPIN |
| Jul 27, 2009 | Listed | $211,900 | MLS #70952816 |
| Oct 10, 2008 | Listed | $244,900 | MLS #70832941 |
| Oct 7, 2008 | Listing removed | $304,900 | MLSPIN |
| Jul 31, 2008 | Listed | $304,900 | MLS #70800034 |
| May 21, 2008 | Listing removed | $369,900 | MLSPIN |
| Feb 25, 2008 | Listed | $369,900 | MLS #70717117 |
| Apr 28, 2004 | Sold | $430,000 | MLS #30748689 |
| Jul 23, 2003 | Listed | $444,900 | MLS #30748689 |
| Dec 10, 2002 | Sold | $226,000 | Public Record |
| Dec 29, 1995 | Sold | $80,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $474,600 | $281,800 | $756,400 | $8,562 |
| 2024 | $445,600 | $265,200 | $710,800 | $8,309 |
| 2023 | $418,100 | $240,300 | $658,400 | $8,026 |
| 2022 | $361,500 | $219,600 | $581,100 | $7,177 |
| 2021 | $361,500 | $207,200 | $568,700 | $6,989 |
| 2020 | $336,400 | $208,800 | $545,200 | $6,897 |
| 2019 | $293,800 | $198,900 | $492,700 | $6,538 |
| 2018 | $277,800 | $167,800 | $445,600 | $6,279 |
| 2017 | $264,900 | $157,500 | $422,400 | $5,985 |
| 2016 | $229,700 | $149,200 | $378,900 | $5,744 |
| 2015 | $208,900 | $132,200 | $341,100 | $5,366 |
| 2014 | $227,600 | $120,200 | $347,800 | $5,600 |
| 2006 | $300,300 | $136,700 | $437,000 | $3,588 |
| 2005 | $230,500 | $116,000 | $346,500 | $3,011 |
| 2004 | $222,500 | $101,500 | $324,000 | $2,887 |
| 2003 | $121,800 | $60,100 | $181,900 | $2,558 |
Property facts
Year built
1880
Property type
multi_family
Stories
3
Beds
5
Baths
3
Living area
2,029 sqft
Lot size
5,105 sqft
ZIP code
02148
City
Malden
Street
Salem St
Coordinates
42.43143, -71.05405
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,884
Gross rental yield
11.12%
Implied cap rate
7.23%
Trend-extrapolated value
—
Frequently asked questions
When did 408 Salem St last sell?
408 Salem St most recently sold on Jun 11, 2022 for $635,000.
What is the current tax assessment for 408 Salem St?
The most recent total assessment for 408 Salem St (year 2025) is $756,400 with $8,562 in property tax.
How does 408 Salem St's assessment compare to its last sale price?
The current assessment is 19.1% above the last sale price of $635,000.
When was 408 Salem St built?
408 Salem St was built in 1880.
How does 408 Salem St compare to others on Salem St?
We track 8 other properties on Salem St. Browse the list under "Other properties on Salem St" to compare beds, baths, and sale history.
What are the property facts for 408 Salem St?
408 Salem St is a 5 bed, 3 bath, 2,029 sqft, 5,105 sqft lot multi_family.
Is 408 Salem St a flip candidate?
No — 408 Salem St does not appear in our flips dataset.
Is 408 Salem St a tax-appeal candidate?
Yes — 408 Salem St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.2%
Implied 1-yr
+4.8%
2026 Q3
$713.7K
2026 Q4
$721.7K
ZIP 02148 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Salem St