Welcome to 40–42 Swan Street, a renovated two-family home nestled on a quiet dead-end street in Malden’s desirable Maplewood neighborhood. This property features two spacious 3 bedroom units, each with comfortable living spaces, high ceilings, hardwood flooring, and updated kitchens and baths. The upper unit offers an additional walk up finished attic space, providing flexibility as a home office, guest space, playroom, studio, or potential additional sleeping area. The high ceiling basement provides storage and utility space with exterior access. The entire home was remodeled in 2021, with continued improvements including a new roof completed in 2026 and an electric water heater replaced in 2023. The first unit can be sold fully furnished as displayed, creating an attractive turnkey option for a furnished, mid term, or long term rental, or for a buyer looking for a move in ready home. Outside, enjoy a large backyard with plenty of room for entertaining, gardening, recreation, or simply relaxing. Six off street parking spaces, three for each unit, are a rare and valuable amenity in the area. Ideally situated near Maplewood Square, local restaurants, shopping, parks, schools, public transportation, and the Northern Strand Community Trail, the location offers the convenience of city living while maintaining a quieter residential setting. Nearby MBTA connections provide access toward Malden Center and the Orange Line, making commuting into Boston and surrounding communities convenient. Revere Beach is also just a short drive away. Whether you are looking to live in one unit while generating rental income from the other, expand your investment portfolio, accommodate extended family, or maximize rental potential, 40–42 Swan Street offers an exceptional combination of space, updates, parking, outdoor living, flexibility, and location.
| Units | 2 |
| Living area | 2,531 sqft |
| Lot size | 8,346 sqft |
| Year built | 1920 |
| Price / sqft | $395 |
| County | Middlesex |
| MLS # | 73568570 |
| Days on market | 0 days |
| Listed on | August 26, 2026 |
| Annual property tax | $12,683 |
| Tax year | 2026 |
| Assessed value | $1,112,500 |
| Zoning | ResA |
| Total actual rent | $0/mo |
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street |
| Basement | Full, Unfinished |
| Foundation | Concrete Perimeter |
| Heating | Oil |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 2-unit multi-family property with 2,531 sqft of living area, built in 1920.
40-42 Swan St, Malden MA 02148 has been listed for 0 days (since August 26, 2026).
At a list price of $1,000,000 across 2 units, that works out to roughly $500,000 per unit.
Annual property taxes are $12,683 (2026), on an assessed value of $1,112,500.
At $1,000,000 for 2,531 sqft, that's about $395 per square foot.
6 total parking spaces (off street).
40-42 Swan St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.