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INVESTMENT SNAPSHOT
About this property
Rare opportunity to own a well-maintained 2 family home in the heart of Malden situated on a large corner LOT w/ample off street parking, just a 12-minute walk to Malden Center Station with easy access to the Orange Line, restaurants, shops, and downtown Malden Ctr./ Boston. Proudly owned by the same family for over 65 years, this property has been lovingly cared for and offers strong bones, timeless character, and incredible potential for updates and customization. Each unit features spacious layouts, generous natural light, and classic details throughout. This home presents an excellent opportunity for investors, owner-occupants, or multigenerational living. Conveniently located near parks, schools, and major routes, this is a chance to bring new vision to a solid property in one of Malden’s most commuter-friendly neighborhoods.
Property details
| Units | 2 |
| Living area | 2,742 sqft |
| Lot size | 5,462 sqft |
| Year built | 1880 |
| Price / sqft | $365 |
| County | Middlesex |
| MLS # | 73526251 |
Listing status
| Days on market | 4 days |
| Listed on | May 28, 2026 |
Taxes & financials
| Annual property tax | $8,588 |
| Tax year | 2025 |
| Assessed value | $758,700 |
| Zoning | ResA |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 11 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Off Street |
| Basement | Full, Concrete, Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Stone |
| Flooring | Wood, Tile |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
Location
More about investing in Malden →
Listing courtesy of Turn Key Realty — Kenneth Celano. 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 229 Pearl St, Malden MA 02148 have?
It is a 2-unit multi-family property with 2,742 sqft of living area, built in 1880.
How long has 229 Pearl St, Malden MA 02148 been on the market?
229 Pearl St, Malden MA 02148 has been listed for 4 days (since May 28, 2026).
What is the estimated cap rate on this 2-family in Malden?
Based on area median rents, the estimated cap rate is about 3.9%, with a Signal Score of 71/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $999,900 across 2 units, that works out to roughly $499,950 per unit.
What are the property taxes on 229 Pearl St, Malden MA 02148?
Annual property taxes are $8,588 (2025), on an assessed value of $758,700.
What is the price per square foot?
At $999,900 for 2,742 sqft, that's about $365 per square foot.
Is there parking?
3 total parking spaces (off street).
Where is this property located?
229 Pearl St, Malden MA 02148 is in Malden, Middlesex County, MA 02148.
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