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INVESTMENT SNAPSHOT
About this property
Beautifully renovated two-family property offering an ideal opportunity for owner-occupants or investors. Renovated in 2020, this turnkey home features a spacious 4-bedroom unit and a 1-bedroom unit, both with modern kitchens, updated baths, stylish finishes, and abundant natural light. The larger unit includes a generous walk-in closet, while four energy-efficient mini-split systems provide year-round comfort. Shared laundry with washer and dryer is located in the basement. Conveniently located near restaurants, parks, shopping, public transportation, and commuter routes. Investor pro forma projects approximately $74,400 in annual gross rental income. Architectural plans are available for a proposed approximately 20' × 30' ADU, offering the potential to further increase rental income and returns (subject to buyer due diligence and city approval). Property is being sold as-is. Submit an offer and move right in, both units vacant!
Property details
| Units | 2 |
| Living area | 1,789 sqft |
| Lot size | 6,299 sqft |
| Year built | 1900 |
| Price / sqft | $440 |
| County | Middlesex |
| MLS # | 73545008 |
Listing status
| Days on market | 35 days |
| Listed on | July 6, 2026 |
Taxes & financials
| Annual property tax | $8,332 |
| Tax year | 2026 |
| Assessed value | $730,900 |
| Zoning | ResA |
| Gross income (actual) | $74,400/yr |
| Net operating income (actual) | $68,938/yr |
| Total actual rent | $6,200/mo |
| Insurance expense | $2,462/yr |
Building & lot
| Stories | 3 |
| Total rooms | 9 |
| Lot size | 0.14 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Bulkhead, Unfinished |
| Foundation | Stone |
| Construction | Frame |
| Flooring | Wood, Hardwood |
Utilities & systems
| Heating | Ductless |
| Cooling | Ductless |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Microwave, Refrigerator |
Location
More about investing in Malden →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 22 Stearns St, Malden MA 02148 have?
It is a 2-unit multi-family property with 1,789 sqft of living area, built in 1900.
How long was 22 Stearns St, Malden MA 02148 on the market before it sold?
22 Stearns St, Malden MA 02148 sold after about 86 days on the market (listed July 6, 2026, closed September 30, 2026).
What is the price per unit?
At a list price of $819,900 across 2 units, that works out to roughly $409,950 per unit.
What are the property taxes on 22 Stearns St, Malden MA 02148?
Annual property taxes are $8,332 (2026), on an assessed value of $730,900.
What is the price per square foot?
At $819,900 for 1,789 sqft, that's about $440 per square foot.
Is there parking?
6 total parking spaces (paved drive, off street, paved).
Where is this property located?
22 Stearns St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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