722 Highland Ave Malden — Photo 1 of 42
$923,000
Investment Analysis — 722 Highland Ave
Malden, MA 02148
Based on rent reported on the MLS listing, a 2-unit multi-family in 02148 carries $4,950/mo in gross rent — about a 3.84% cap rate and $35,482/yr in estimated NOI at the $923,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,013
Style
2 Family - 2 Units Up/Down
Built
1880
Incredible location approximately 1 mile from Oak Grove Station, I-93, the hiking trails at Middlesex Fells Reservation, and walking distance to Fells Pond!! This well maintained two family home is ideal for an investor or for an owner occupant looking to occupy a one bedroom apartment. The 3 bedroom (second floor) unit is currently rented through Aug 2027 at $3,000 per month. The 1 bedroom (first floor) unit is rented via tenant at will for $1,950 per month and could be deliverd vacant. First floor unit contains a one bedroom apartment with a walk-in closet, a large mud room/bonus closet space, eat-in kitchen, in unit laundry, and private outdoor deck. Second unit contains 3 bedrooms on two floors, two bathrooms, in unit laundry, large open-concept living room that can also accomodate dining space, and two private outdoor balconies. The units are serviced by a parking lot in the back that can comfortably fit 3 cars, or 4 with a tandem spot. Main roof done in 2023. Please allow 24-48 hours notice for all showings!
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Highway Access • Public School • T-Station
Geography
Property History
$923,000
Was $899,900
Aug 11, 2026
MLS® 73533688
$899,900
Was $989,900
Jul 19, 2026
MLS® 73533688
$989,900
Was $1,055,000
Jun 21, 2026
MLS® 73533688
$1,055,000
Jun 10, 2026
MLS® 73533688
$3,100
Mar 15, 2026
MLS® 73462829
$995,000
Feb 20, 2026
MLS® 73457210
$3,100
Dec 15, 2025
MLS® 73462829
$995,000
Nov 21, 2025
MLS® 73457210
Listing Agent: Elizabeth Errichetto
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73533688