Rare opportunity in booming Malden! This spacious and well-cared-for 2-family is ideal for investors or owner-occupants looking to maximize rental income and long-term value. Unit 1 features 2 bedrooms, hardwood floors, in-unit laundry, and is rented TAW at $2,500/month. Unit 2 offers 3 bedrooms, dining room, in-unit laundry, and access to a semi-finished attic with a bonus room. A detached garage, full basement, and oversized lot provide endless expansion options. Previously approved (expired) for a single-family build, the property also presents strong ADU potential and become up to 5 dwelling total. A true multi-option gem just minutes from Boston. Buyer to perform due diligence.

Property Details

Price:
$999,888
MLS #:
73386277
Status:
Active
Beds:
5
Baths:
2
Address:
563 Lynn – St
Type:
Multi Family
City:
Malden
Listed Date:
Jun 5, 2025
State:
MA
Finished Sq Ft:
2,128
Total Sq Ft:
2,128
ZIP:
02148
Lot Size:
10,044 sqft / 0.23 acres (approx)
Year Built:
1900
Units:
2

Schools

Interior

Appliances
Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms
Flooring
Tile, Hardwood
Heating
Natural Gas

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
Parking Features
Paved Drive, Off Street
Parking Spots
6

Financial

Net Operating Income
$63,600
Tax Year
2025
Taxes
$6,729

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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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563 Lynn – St
Malden, MA