563 Lynn - St, Malden, MA 02148
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$999,888
2 Unit
5 Beds
2 Baths
2128 SQFT
0.23 Acre

Property Description

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 tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 32800
  • Net Operating Income: 63600

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Foundation Info: Brick, Fieldstone
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73386277
  • Last Updated: 06/05/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/05/2025New$999,888$470MLSPIN

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Seller's Representative: MG Group, Century 21 North East
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-05 15:16:00

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