1 / 38
INVESTMENT SNAPSHOT
About this property
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
| Units | 2 |
| Living area | 3,100 sqft |
| Lot size | 3,049 sqft |
| Year built | 1900 |
| Price / sqft | $321 |
| County | Middlesex |
| MLS # | 73594395 |
Listing status
| Days on market | 0 days |
| Listed on | October 23, 2026 |
Taxes & financials
| Annual property tax | $11,506 |
| Tax year | 2026 |
| Assessed value | $1,009,300 |
| Zoning | ResA |
| Gross income (actual) | $101,100/yr |
| Net operating income (actual) | $80,563/yr |
| Total actual rent | $8,425/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 1 |
| Parking | Off Street, Paved |
| Foundation | Stone |
| Roof | Shingle |
| Flooring | Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Central, Natural Gas |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Gas Oven |
| Appliances | Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer |
Location
More about investing in Malden →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 16-18 Meridian Parkway, Malden MA 02148 have?
It is a 2-unit multi-family property with 3,100 sqft of living area, built in 1900.
How long has 16-18 Meridian Parkway, Malden MA 02148 been on the market?
16-18 Meridian Parkway, Malden MA 02148 has been listed for 0 days (since October 23, 2026).
What is the price per unit?
At a list price of $995,000 across 2 units, that works out to roughly $497,500 per unit.
What are the property taxes on 16-18 Meridian Parkway, Malden MA 02148?
Annual property taxes are $11,506 (2026), on an assessed value of $1,009,300.
What is the price per square foot?
At $995,000 for 3,100 sqft, that's about $321 per square foot.
Is there parking?
1 total parking space (off street, paved).
Where is this property located?
16-18 Meridian Parkway, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
Similar multi-families
◆ 93
◆ 69
◆ 89