This turnkey two-family near Oak Grove T station is the opportunity you’ve been waiting for. Whether you’re an investor looking to generate strong rental income or a buyer seeking a live-in investment, this property delivers. Featuring a total of ten rooms, five bedrooms, and a flex office or bonus space, the home has been well maintained and consistently rented. Unit 1 has been beautifully updated with a brand new kitchen, stainless steel appliances, and a fully remodeled bath, along with spacious bedrooms, a separate dining area, and a lower level offering bonus living space, and additional storage. Unit 2 occupies the top two floors, offering a spacious and efficient layout. Each unit has dedicated parking, as well as a fenced-in backyard & patio area. In-unit laundry for both units make this a dream for renters and a win for owners. Located just minutes from public transportation, shops, and essential amenities, this home is a rare blend of location, condition, and value.

Property Details

Price:
$1,079,000
MLS #:
73369854
Status:
Active Under Contract
Beds:
5
Baths:
2
Address:
18 Horace St
Type:
Multi Family
City:
Malden
Listed Date:
May 5, 2025
State:
MA
Finished Sq Ft:
2,559
Total Sq Ft:
2,559
ZIP:
02148
Lot Size:
4,051 sqft / 0.09 acres (approx)
Year Built:
1910
Units:
2

Schools

Interior

Bathrooms
2 Full Bathrooms
Flooring
Wood, Tile, Carpet

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Parking Features
Paved Drive
Parking Spots
3
Roof
Shingle

Financial

Net Operating Income
$67,200
Tax Year
2025
Taxes
$9,158

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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18 Horace St
Malden, MA