354 Lynn St, Malden MA 02148
Malden, MA 02148 • Linden
$929,900
Est. $5,665/month
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About this home
Exceptional 2-family opportunity situated on a desirable corner lot, with 1 vacant unit. Don't miss this chance to own a beautifully maintained home in a prime commuter location just minutes from Boston. Whether you're an investor seeking immediate income or an owner-occupant looking to offset your mortgage, this property offers the best of both worlds. This 12-room, 6 bedroom and 2 bath home has 3-living levels with bright and inviting living areas and generously sized kitchens. Unit 1 offers hardwood floors throughout, 5 rooms, 2 bedrooms, and newer full bath. Laundry for the 1st floor unit is in the basement. Unit 2 offers 2 levels of living space with 7 rooms, 4 bedrooms, hardwood floors (under the carpet), full bath and in-unit laundry. Separate heating systems, electrical panels, and hot water tanks, newer roof (2021) and a large basement providing abundant storage. A beautifully landscaped fenced yard, welcoming enclosed front and rear porches, and 2 separate driveways (1 for the owner and one for the tenant). Conveniently located with easy access to shopping, restaurants, Express Bus to downtown Boston, Route 1, and Logan Airport.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Aug 6, 2026
Active → Active Under Contract
Pending Sale
Aug 5, 2026
Offer accepted, sale pending
Listed for Sale
Jul 29, 2026
$929,900
Original listing
Agent: Maureen Schlegel
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/06/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/05/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/29/2026 | 🏠 Listed for Sale | $929,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,161 | $803,600 |
Financial Details
Annual Property Tax
$9,161
Tax Year 2026
Assessed Value
$803,600
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1936
Living Area
2,418 sq ft
Lot Size
0.07 acres
Stories
3
Bedrooms
6
Full Baths
2
Total Rooms
12
Investment Metrics
Units
2
Unit 1 Rent
$550/mo · N
Unit 2 Rent
— · N
Total Monthly Rent
$550/mo
Gross Income
$6,600
Net Operating Income
$6,600
Cap Rate
0.71%
Interior
Heating
Steam, Natural Gas, Individual
Cooling
Window Unit(s), Individual, Wall Unit(s)
Flooring
Tile, Carpet, Hardwood, Stone/ceramic Tile
Appliances
Range, Disposal, Range Hood, Dishwasher, Washer, Dryer
Fireplace
None
Basement
Full, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished
Laundry
Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features
Storage, Bathroom With Tub & Shower, Ceiling Fan(s), Walk-up Attic, Living Room, Dining Room, Kitchen, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Enclosed
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
4
Utilities
Electric
Circuit Breakers, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Oven, For Gas Dryer, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$9,161
Assessed Value
$803,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Taxes Do Not Reflect Maldens 30% Residential Exemption. 1st For Tenant Is Taw And Is Related To The Seller. Each Unit Has Their Own Alarm Systems. Buyers And Buyers Agents To Due Any And All Due Diligence.
Exclusions
Personal Belongings.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Sq Ft Disclosures
Square footage includes the 3rd floor.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
15 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
Sale Pending
Year Built
1936
Bedrooms
6
Full Bathrooms
2
Living Area
2,418 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,418 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Carpet, Hardwood, Stone/Ceramic Tile
Appliances:
Range, Disposal, Range Hood, Dishwasher, Washer, Dryer
Interior Features:
Storage, Bathroom With Tub & Shower, Ceiling Fan(s), Walk-Up Attic, Living Room, Dining Room, Kitchen, Laundry Room
Windows:
Insulated Windows, Screens
Basement:
Full, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished
Laundry:
Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Security:
Security System
Construction & Materials
Year Built:
1936
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Steam, Natural Gas, Individual
Cooling:
Window Unit(s), Individual, Wall Unit(s)
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Enclosed
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School District
Malden School District local
B-
School Safety
2024-25
1.6%
Average
1.5%
Suspensions
1.0%
In-School
0.1%
Emergency
3.9% below state avg
Elementary Schools
3 schools
B-
Linden School
0.4 mi
|
#197 of 352
|
Score: 40.7
Improved 30 spots from last year
-17.5 below state avg
813 students
Very Diverse
Rising School
Diverse Student Body
Grades K-08
The Islamic Education School
0.4 mi
Grades K-05
A
Mystic Valley Regional Charter School
0.8 mi
|
#52 of 346
|
Score: 67.0
Dropped 2 spots from last year
+8.8 above state avg
1,698 students
Very Diverse
High Graduation Rate
College Ready Curriculum
Strong Athletics
Diverse Student Body
Grades K-12
Middle Schools
3 schools
C
Susan B. Anthony Middle School
0.9 mi
|
#260 of 352
|
Score: 35.7
Improved 6 spots from last year
-22.5 below state avg
545 students
Diverse
Grades 06-08
A-
Rumney Marsh Academy
1.7 mi
|
#5 of 16
|
Score: 37.6
Improved 307 spots from last year
-20.6 below state avg
587 students
Moderate
Rising School
Grades 06-08
C+
Saugus Middle School
2.2 mi
|
#248 of 352
|
Score: 36.3
Improved 63 spots from last year
-21.9 below state avg
616 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
Malden Catholic High School
1.0 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
C+
Everett High School
1.4 mi
|
#233 of 346
|
Score: 48.1
Improved 42 spots from last year
-10.1 below state avg
2,307 students
Diverse
17 sports
• 1,298 athletes
Rising School
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
C
Revere High School
1.7 mi
|
#249 of 346
|
Score: 46.2
Dropped 17 spots from last year
-12 below state avg
2,115 students
Moderate
18 sports
• 1,334 athletes
Early College Program
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
$763
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Linden
354 Lynn St, Malden MA 02148
Malden, MA 02148
Listing Information
Listing Agent
Maureen Schlegel
Listing Office
Century 21 North East
Office Phone
781-395-2121
Agent MLS ID
B8001282
Office MLS ID
AN7856
Listing Data Updated
Aug 13, 2026 2:50 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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