New Listing
Description
NEWLY RENOVATED AND VACANT TWO FAMILY IN MALDEN!! Excellent opportunity for both owner-occupants and investors. Qualifying owner-occupants can take advantage of Malden's 35% residential tax exemption, offering significant potential property-tax savings! This turnkey property has been extensively updated and is ready for its next owner. The vacant first-floor unit features 1 bedroom and 1 full bath with a bright, clean, move-in-ready layout. Market rent is estimated at approximately $2,200/month, offering strong income potential from day one.The spacious upper unit spans the second and third floors and has the feel of a true owner's unit. The second level features a beautifully updated kitchen with attractive cabinetry that flows naturally into a dedicated dining area. The dining space also includes the refrigerator and a modern stackable washer and dryer, both included with the property. A thoughtfully designed separation wall provides definition and privacy for the laundry area while maintaining an open, seamless flow into the kitchen.From the dining area, step out onto the second-level rear porch, a great spot for a couple of chairs and a small table to enjoy morning coffee, hot chocolate, or crisp New England fall weather. The second level also offers a comfortable living room and one bedroom.The third floor provides 3 additional generously sized bedrooms, including the primary bedroom. Fresh paint, ceiling fans throughout, renovated living spaces, and a nicely updated bathroom give the home a clean, modern, move-in-ready feel. Market rent for the upper 4-bedroom unit is estimated at approximately $4,000/month, creating compelling owner-occupant or investment potential.Outside, the property offers great curb appeal with aluminum siding, a freshly painted blue exterior, manicured landscaping, and a private backyard. Multiple TV mounting brackets are already installed in several bedrooms, adding another convenient turnkey feature. Additional highlights include a clean basement and newer water tank.With both units vacant, strong market rents, extensive renovations, and a flexible layout, this is a rare opportunity to move in, rent out, or build your portfolio from day one. Turnkey multifamily opportunities like this in Malden don't come around often - schedule your showing and see the potential for yourself.
Details
| MLS # | 73586638 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 3 |
| Listing Provided By | Signature Realty | Armando Roman |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,200 |
| Basement | Y |
| Story(s) | 3 |
| Units | 2 |
| Zoning | ResA |
| Acreage | 0.06 |
Interior
| Rooms Total | 13 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood |
Exterior
| Exterior Features | Rain Gutters, Professional Landscaping |
|---|---|
| Roof | Shingle |
| Construction Materials | Frame |
| Foundation Details | Stone |
| Lot Features | Level |
| Fencing | Fenced/Enclosed, Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street, Paved |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | 100 Amp Service |
Taxes
| Tax Annual Amount | 8108 |
|---|---|
| Tax Assessed Value | 711200 |
| Tax Year | 2026 |
Location
| Community Features | Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Middlesex |
| City | Malden |
| Zip Code | 02148 |
| Area | Middlesex |
| Listing VS Median (in 02148) | |
Price: $859,000 low | high Med: $337,450 sqft: 2,200 low | high Med: 605 $ / sqft: $390 low | high Med: $558 On site: 3 low | high Med: 32.5 | |
Market Activity 02148
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Learn More About This Property
| State | MA |
|---|---|
| County | Middlesex |
| City | Malden |
| Zip Code | 02148 |
| Area | Middlesex |
| Listing VS Median (in 02148) | |
Price: $859,000 low | high Med: $337,450 sqft: 2,200 low | high Med: 605 $ / sqft: $390 low | high Med: $558 On site: 3 low | high Med: 32.5 | |
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