
16-18 Kernwood St Malden — Photo 1 of 37
Recent Drop: $201,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Walk/Jog Trails • Highway Access • House of Worship • T-Station
Geography
Property History
$1,299,000
Was $1,500,000
Aug 12, 2026
MLS® 73559858
$1,500,000
Aug 5, 2026
MLS® 73559858
Listing Agent: Maria Renda
Listing Office: Anzalone Realty
MLS® Number: 73559858