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$995,000
Total Beds: 6 Total Baths: 3
Total Units: 2 SQFT: 3100
LOT size: 0.07 Acres
16-18 Meridian Parkway
Malden, MA 02148
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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!

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Bathroom with Shower Stall, Crown Molding, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 101100
  • Gross Expenses: 20537
  • Net Operating Income: 80563

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73594395
  • Last Updated: 10/27/26

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Map

Seller's Representative: Anna Mean, AC Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-10-27 09:23:00

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