Pending

$995,000

16-18 Meridian Pkwy, Malden, MA 02148

6beds

3,100sqft

$6,798/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$1,115,100 Zestimate^®

$321/sqft

$-- HOA

What's special

Central air conditioningCentral heatingIn-unit laundryStunning chef-inspired kitchensRecessed lightingStainless steel appliancesSpacious islands

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!

22 days
1,122
84

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

Central, Natural Gas

Cooling

Central Air

Appliances

Included: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Features

Crown Molding, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub, Living Room, Dining Room, Kitchen, Laundry Room
Flooring: Wood, Tile, Vinyl, Hardwood, Stone/Ceramic Tile
Windows: Box/Bay/Bow Window(s)
Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 3,100
Total interior livable area: 3,100 sqft
Finished area above ground: 3,100

Property

Parking

Total spaces: 1
Parking features: Off Street, Paved
Uncovered spaces: 1

Features

Patio & porch: Porch
Exterior features: Garden

Lot

Size: 3,049 Square Feet
Features: Level

Details

Parcel number: 594614
Zoning: ResA

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Stone
Roof: Shingle

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Oven

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Medical Facility, T-Station

Location

Region: Malden

Financial & listing details

Price per square foot: $321/sqft
Tax assessed value: $1,009,300
Annual tax amount: $11,506
Date on market: 10/24/2026
Total actual rent: 8425

Estimated market value

$1,115,100

$1.03M - $1.22M

$2,734/mo

Price history

Date	Event	Price
11/4/2026	Pending sale	$995,000$321/sqft
Source: MLS PIN #73594395 Report a problem
10/23/2026	Listed for sale	$995,000+17.1%$321/sqft
Source: MLS PIN #73594395 Report a problem
6/19/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/14/2022	Listed for rent	$2,700+3.8%$1/sqft
Source: Zillow Rental Manager Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/4/2019	Sold	$850,000+104.8%$274/sqft
Source: Public Record Report a problem
8/29/2018	Listing removed	$2,600$1/sqft
Source: Owner Report a problem
8/24/2018	Listed for rent	$2,600$1/sqft
Source: Owner Report a problem
5/30/2018	Sold	$415,000+270.5%$134/sqft
Source: Public Record Report a problem
7/25/1995	Sold	$112,000$36/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,866 +2.7%	$959,900 +6.1%
2024	$10,577 +2.9%	$904,800 +7.3%
2023	$10,279 +4%	$843,200 +5.3%
2022	$9,887 +3.4%	$800,600 +2.9%
2021	$9,560 +16.1%	$777,900 +19.5%
2020	$8,235 +31.3%	$651,000 +37.7%
2019	$6,273 -7.5%	$472,700 -1.8%
2017	$6,783 +16.1%	$481,400 +24.9%
2016	$5,844 +3.5%	$385,500 +7.4%
2015	$5,644 +6.5%	$358,800 +9%
2014	$5,299 +7.4%	$329,100 +6%
2013	$4,932 +16.2%	$310,600 +4.9%
2012	$4,243 +2.3%	$296,100 -3.1%
2011	$4,149 -1.6%	$305,500 -10.2%
2010	$4,216 +1%	$340,300 -19.2%
2009	$4,173 -1%	$421,100 -9.7%
2008	$4,216 +21.7%	$466,400 +11.1%
2007	$3,463 +4.7%	$419,700 +4.2%
2006	$3,308 +2.6%	$402,900 +8.6%
2005	$3,224 +4.4%	$371,000 +7%
2004	$3,089 +18.6%	$346,700 +87.1%
2003	$2,605 +3.8%	$185,300
2002	$2,509 +8.9%	$185,300 +40.2%
2000	$2,304 +3.4%	$132,200
1999	$2,228	$132,200