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!
This home has been viewed 2 times
Last Checked: July 6th, 2026 at 6:58pm (Source: MLS PIN #73545008)
Gross Income: $74,400
Gross Expenses: $13,794
Net Income Calc: $60,606
Water Views
Annual Expenses for 22 Stearns St, Malden MA 02148
Total Gross Expenses (Calculated)$13,794/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax8332
Annual Income & Unit Breakdown for 22 Stearns St, Malden MA 02148
Total Gross Income (Calculated)$74,400
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms4 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 22 Stearns St, Malden MA 02148
Listing ID73545008
Property TypeMulti Family / 2 Family
Price849900 ($475.07/SqFt)
Style2 Family - 2 Units Up/down
CityMalden
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total1789
Approximate Lot Size (Acres)0.14
Total Parking6
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof Material
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningResA
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 22 Stearns St, Malden MA 02148
Lead PaintNone
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 22 Stearns St, Malden MA 02148
Real Estate Taxes8332
Tax Year2026
Assessed Value$730,900
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 22 Stearns St, Malden MA 02148
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 22 Stearns St, Malden MA 02148