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Cathryn Schwab

cathryn.schwab@engelvoelkers.com +1(401) 787-5694

$ 995,000

Est. payment -/mo

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Open Sat 1PM-2:30PM

16-18 Meridian Parkway Malden, MA 02148

6 Beds

3 Baths

3,100 SqFt

Open House

Sat Oct 24, 1:00pm - 2:30pm

Sun Oct 25, 4:00pm - 5:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,100 sqft

Price per Sqft $320

MLS Listing ID 73594395

Bedrooms 6

Full Baths 3

Year Built 1900

Annual Tax Amount $11,506

Tax Year 2026

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi Family

Property Description

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

State MA

County Middlesex

Zoning ResA

Direction GPS

Interior

Interior Features Crown Molding, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub, Living Room, Dining Room, Kitchen, Laundry Room

Heating Central, Natural Gas

Cooling Central Air

Flooring Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile

Appliance Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Exterior

Exterior Feature Garden

Community Features Public Transportation, Shopping, Park, Medical Facility, T-Station

Utilities Available for Gas Range, for Gas Oven

Roof Type Shingle

Total Parking Spaces 1

Garage No

Building

Lot Description Level

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by AC Realty

NEARBY SCHOOLS & PROPERTIES

Cathryn Schwab

Broker Associate License ID: REB.0019852

+1(401) 787-5694

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