Multi Family · MBTA
16-18 Meridian Parkway
Malden, MA 2148 · MLS 73594395
$995,000
1 / 38
- 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
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.

