About this home
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!
Listing last checked: Listing updated:
Listed by Anna Mean · AC Realty · MLS #73594395
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Details at a glance
Interior5 property facts
- Rooms
- 12
- Heating
- Central, Natural Gas
- Cooling
- Central Air
- Flooring
- Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile
- Basement
- Not reported
Building5 property facts
- Style
- Multi Family
- Year built
- 1900
- Parking
- 1
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.07 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- ResA
Financial2 property facts
- Annual taxes
- $11,506
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $995,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,990 / monthAdjust
- Principal & interest
- $5,031
- Property tax
- $959
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $11,506. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,050,605
Estimated range $1,000,760–$1,100,450.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: above average
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About 16-18 Meridian Parkway
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