Property Details
Basic Information
- Property SubType: Multi Family
- MLS Number: 73586638
- Mls Status: New
- List Price: $859,000
- Date Listed: 10/05/2026
- Units: 2
- 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.
Building
- Acreage: 0.06
- Square Feet: 2,200
- Year Built: 1900
- Zoning: ResA
- Stories: 3
- Rooms: 13
- Roof: Shingle
- Foundation: Stone
Location
- County: Middlesex
- Town: Malden
Finance
- Taxes: $8,108
Interior Features
Bedrooms
- Bedrooms: 5
Bathrooms
- Bathrooms: 2
- Full Baths: 2
Basement
- Basement: Full
Exterior Features
Exterior Features
- Exterior Features: Rain Gutters, Professional Landscaping
Community
Amenities
- Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
- Other Amenities: Basement