Multi Family · MBTA

16-18 Meridian Parkway

Malden, MA 2148 · MLS 73594395

$995,000

3,100 sqft

  • Beds—
  • Baths—
  • Sq Ft3,100
  • Year1900
  • Style—
  • $ / Sq Ft$321
  • HOA—
  • Taxes$11,506
  • Parking1
  • Lot3049.0
  • MLS73594395
  • StatusActive

About this home

Exceptional investment opportunity in the heart of Malden! This beautifully updated two-family property generates over $100K in annual rental income, making it an outstanding income-producing investment. Conveniently located within walking distance to Malden Center T Station, shops, restaurants, and vibrant downtown amenities, with easy access to Boston and major routes. Both units feature stunning chef-inspired kitchens with elegant marble countertops, spacious islands, stainless steel appliances, recessed lighting, beautifully renovated bathrooms with modern finishes, gleaming hardwood floors throughout, central air conditioning, central heating, and in-unit laundry. Major improvements include an updated roof (~8 years), heating systems, vinyl siding (~5 years), and hot water tanks (~3 years), offering peace of mind and low-maintenance ownership. With extensive updates already completed, this turnkey property is ready for its next owner!

Location

DirectionsMore in Malden

More about Malden

Malden Profile Snapshot
Primary Vibe Diverse and family-friendly city with Orange Line access, parks, and residential streets. Popular with buyers seeking relative value and transit convenience.
Housing Prices More approachable than many closer areas. Prices vary by condition and location. Multi-family homes offer rental potential.
Commute to Boston Orange Line terminus provides direct access. Bus and driving options exist. Parking is generally more available than downtown.
Schools Served by Malden Public Schools. Confirm assignments with the district.
Market Demand supported by transit and location. Updated properties near the Orange Line attract interest.
Housing Styles Single-family homes, condominiums, multi-family properties, and townhouses. Condition varies.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.