Active
38 Days on market
16-18 Kernwood St Malden — Photo 1 of 37

16-18 Kernwood St Malden — Photo 1 of 37

Recent Drop: $201,000

$1,500,000
$1,299,000

$1,299,000

Investment Analysis — 16-18 Kernwood St

Malden, MA 02148 — West End

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02148 carries an estimated $6,660/mo in gross rent — about a 3.90% cap rate and $50,628/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3

SqFt

3,184

Style

Multi Family

Built

1880

Timeless Victorian charm meets modern comfort in this beautifully maintained two-family home. Built in 1880, this exceptional property offers the character and warmth of a bygone era while providing todays comforts and conveniences. The spacious owner's residence lives like a single-family home offering 3-4 bedrooms and two full bathrooms across generous, light filled living spaces. Original hardwood floor, handsome millwork, coffered ceilings and oversized windows and fireplace create an inviting atmosphere throughout. The expansive living room flows seamlessly into a bright, updated kitchen with abundant cabinets and a dramatic arched window overlooking the deck. Upstairs, spacious bedrooms, a second full bathroom and conveniently placed 2nd floor laundry, along with preserved period details complete this home. Outdoor living is equally impressive with a large private deck ideal for entertaining or morning coffee! The second unit offers a well-appointed 2-bedroom, 1 bathroom layout featuring in unit laundry and private deck and driveway. Great for generating rental income or for extended family. This is a rare opportunity to own a truly distinctive Victorian-era property that combines historic elegance, thoughtful updates and exceptional versatility.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,500,000
Annual Taxes$10,111

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms14
Fireplaces1
FlooringWood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationOther
ZoningResA

Property & Lot

Acres0.1
SqFt Lot4,356
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Walk/Jog Trails • Highway Access • House of Worship • T-Station

Geography

Property History

Price Drop
$1,299,000

Was $1,500,000

Aug 12, 2026

MLS® 73559858

Listed
$1,500,000

Aug 5, 2026

MLS® 73559858

Listing Provided By

Listing Agent: Maria Renda

Listing Office: Anzalone Realty

MLS® Number: 73559858