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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!

More Info

Basic Information

  • Gross Income $101,100
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number 594614
  • Rent Includes Unit 1(Water), Unit 2(Heat, Electric, Gas, Water, Hot Water)

Tax Information

  • Tax Assessed Value $1,009,300
  • Tax Year 2026
  • Taxes$11,506

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, Paved
  • Parking Spaces1

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$995,000
  • MLS Number73594395
  • Modification Date10/23/2026
  • Property SubTypeMulti Family

Location

  • Address16-18 Meridian Parkway
  • Building Number16-18
  • CountyMiddlesex
  • StateMA
  • StreetMeridian Parkway
  • TownMalden
  • Zip02148

Building

  • Building Area Units Square Feet
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms12
  • Stories3
  • Units2
  • Utilities For Gas Range, For Gas Oven
  • Window Features Box/Bay/Bow Window(s)
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.07

Interior

  • Flooring Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile
  • Interior Features
    • Bathroom With Tub
    • Bathroom with Shower Stall
    • Crown Molding
    • Dining Room
    • Kitchen
    • Laundry Room
    • Living Room
    • Stone/Granite/Solid Counters

Exterior

  • Exterior Features Garden
  • RoofShingle

Utilities

  • Cooling Central Air
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Central, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Other
  • Living Area 3,100
  • Lot Size Square Feet 3,049
  • Lot Size Units Acres
  • Square Feet3,100

Amenities

  • AmenitiesPublic Transportation, Shopping, Park, Medical Facility, T-Station
  • Appliances IncludedRange, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Other AmenitiesGarden

Legal

  • ZoningResA

Other

  • Date Listed10/23/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Anna Mean of AC Realty

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