
89 Devir St Malden — Photo 1 of 29
$1,250,000
Investment Analysis — 89 Devir St
Malden, MA 02148 — Edgeworth
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02148 carries an estimated $4,010/mo in gross rent — about a 1.82% cap rate and $22,779/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
3,503
Style
Single Family
Built
1950
Designed for gathering, this true 4-bedroom Colonial has been thoughtfully renovated and expanded, offering impressive space across four levels. A classic center entry and central staircase define the main level, with a living room on one side and a sitting room on the other, both open to the expansive kitchen. Newly installed hardwood floors flow seamlessly from the sitting room through the kitchen and into the dining area. The kitchen features granite countertops, an oversized center island and peninsula, custom cabinetry, stainless steel appliances, and generous walk-in storage. A tiled full bathroom and separate laundry room complete the main level while double doors from the dining area opens to the large rear deck and refreshed, fenced backyard, connecting indoor and outdoor entertaining. All 4 bedrooms are on the 2nd floor, including a spacious primary suite with a walk-in closet and spa-like bath with a jetted tub, plus a second full bath. The 3rd-floor loft is one of the home’s most memorable spaces: sunlit & open with charming window nooks, ready for a studio, media lounge, office, or private retreat. The partially finished lower level adds a newly completed enclosed home office, bonus space, abundant storage, and access to the backyard. Central air, updated heating, and refreshed landscaping complete the home. Set on a dead-end street near the Medford line, with nearby MBTA bus service to Wellington Station + convenient access to Malden Center’s Orange Line and Commuter Rail, Fellsmere Pond, the Northern Strand Trail, and major routes connecting to Boston, surrounding communities & Logan Airport.
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 3,503 sq ft principal dwelling). Lot size: 6,251 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First11 x 21
Lighting - Overhead, Flooring - Engineered Hardwood
Dining Room
Lvl Main,First22 x 10
Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Lighting - Pendant, Flooring - Engineered Hardwood
Kitchen
Lvl Main,First22 x 19
Bathroom - Full, Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances, Storage, Gas Stove, Peninsula, Lighting - Pendant, Flooring - Engineered Hardwood
Office
Lvl Basement14 x 19
Closet, Flooring - Vinyl, Lighting - Overhead
Primary Bedroom
Lvl Second14 x 15
Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Recessed Lighting, Lighting - Overhead, Flooring - Engineered Hardwood
Bedroom 2
Lvl Second13 x 17
Bedroom 3
Lvl Second11 x 13
Closet/Cabinets - Custom Built, Lighting - Overhead, Flooring - Engineered Hardwood
Bedroom 4
Lvl Second12 x 18
Walk-In Closet(s), Closet/Cabinets - Custom Built, Lighting - Overhead, Flooring - Engineered Hardwood
Bathroom 1
Lvl Main,First6 x 9
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
Bathroom 2
Lvl Second8 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
Bathroom 3
Lvl Second5 x 9
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Lighting - Sconce, Lighting - Overhead
Listing Agent: The David Green Group
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73579425

