This property consists of (7) units with a mix of one-bedroom and studio floor plans. There is a total of (6) one-bedroom units and (1) studio. Many of the units and hallways have been upgraded with modern finishes. All rents are currently close to 15% below market rate, investors have the opportunity to increase rents to market rate without major capital improvements. There is also an entire third-floor space that is vacant and could be converted into more apartments. All interested parties will have the opportunity to obtain additional information upon request.

Property Details

Price:
$1,850,000
MLS #:
73340996
Status:
Active
Beds:
7
Baths:
7
Address:
2 Granite St
Type:
Multi Family
Subtype:
5-9 Family
City:
Malden
Listed Date:
Mar 4, 2025
State:
MA
Finished Sq Ft:
4,208
Total Sq Ft:
4,208
ZIP:
02148
Lot Size:
3,136 sqft / 0.07 acres (approx)
Year Built:
1911
Units:
7

Schools

Interior

Bathrooms
7 Full Bathrooms
Heating
Central, Baseboard

Exterior

Financial

Net Operating Income
$105,585
Tax Year
2025
Taxes
$11,649

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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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2 Granite St
Malden, MA