$995,000
16-18 Meridian Parkway
Malden, MA, 02148
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
Price:
$995,000
MLS #:
73594395
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Listed Date:
Oct 23, 2026
Finished Sq Ft:
3,100
Total Sq Ft:
3,100
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1900
Units:
2
Schools
Interior
Above Grade Finished Area
3100
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile
Heating
Central, Natural Gas
Interior Features
Crown Molding, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub, Living Room, Dining Room, Kitchen, Laundry Room
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility, T-Station
Exterior Features
Garden
Lot Features
Level
Open Parking Spaces
1
Open Parking YN
1
Parking Features
Off Street, Paved
Parking Spots
1
Parking Total
1
Patio And Porch Features
Porch
Roof
Shingle
Stories
3
Window Features
Box/Bay/Bow Window(s)
Financial
Tax Year
2026
Taxes
$11,506
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Malden as of Oct 26, 2026
44
Multi Family Listed
71
Avg DOM
354
Avg $ / SqFt
$1,062,502
Avg List Price
Community
- Address16-18 Meridian Parkway Malden MA
- CityMalden
- CountyMiddlesex
- Zip Code02148
Subdivisions in Malden
Similar Listings Nearby
Property Summary
- 16-18 Meridian Parkway Malden MA is a Multi Family for sale in Malden, MA, 02148. It is listed for $995,000 To schedule a showing of MLS#73594395 at 16-18 Meridian Parkway in Malden, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of AC Realty. 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.
16-18 Meridian Parkway
Malden, MA