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40-42 Swan Street, Malden MA 02148

Malden, MA 02148
$1,320,000
$1,149,000
Est. $7,053/month
6
Beds
2
Baths
2,531
Sq Ft
$454
Price/Sq Ft
0.19
Acres
1920
Year Built
6
Parking
60
Days on Market
Active Price Drop -$171,000 Listed May 6, 2026 • MLS# 73513920 Copied! • Updated Jun 25, 2026

About this home

PRICE IMPROVED + JUST UPDATED: New GAF Timberline HDZ architectural roof + transferable workmanship/manufacturer warranties. Beautifully renovated 2-family duplex in Malden's desirable Maplewood neighborhood. Each unit: 3BR/1BA, hardwood floors, high ceilings, stainless appliances, dishwasher, soft-close cabinets, under-cabinet lighting. Upper unit includes bonus attic room. Updated electric, plumbing, kitchens, baths since 2021. Shared basement laundry/storage; private backyard. Lower unit fully furnished — turnkey ready for immediate mid- or long-term rental. 6 off-street parking spots (3/unit). 8,276 sq ft lot, larger than neighborhood avg. Quiet street near MBTA Bus 411/430 to Malden Center Orange Line. Flexible closing to accommodate buyer's timeline. Showings by appointment. Operating data + documentation upon request.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
13%
Price Range

Property Timeline

Price Reduced
Jun 21, 2026
$1,149,000 $111,000 (-8.81%)
From $1,260,000 to $1,149,000 (-8.8%)
Price Reduced
Jun 5, 2026
$1,260,000 $60,000 (-4.55%)
From $1,320,000 to $1,260,000 (-4.5%)
🏠
Listed for Sale
May 6, 2026
$1,320,000
Original listing
Agent: Edmund Wong Office: New Year Realty

Tax History

Year Taxes Assessment
2025 $12,512 $1,095,400

Financial Details

Annual Property Tax
$12,512
Tax Year 2025
Assessed Value
$1,095,400

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1920
Living Area 2,531 sq ft
Lot Size 0.19 acres
Bedrooms 6
Full Baths 2
Total Rooms 13

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent — · N
Net Operating Income $34,928
Operating Expenses $12,205
Water/Sewer Expense $163
Electric Expense $231
Insurance Expense $9,857
Cap Rate 3.04%
Heating Baseboard, Oil
Cooling Window Unit(s)
Flooring Wood, Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement Partial, Partially Finished, Interior Entry, Concrete
Laundry Electric Dryer Hookup, Washer Hookup
Features Laundry Room, Stone/granite/solid Counters, Upgraded Cabinets, Remodeled, Walk-up Attic, Heated Attic, Open Floorplan, Living Room, Dining Room, Kitchen, Office/den
Construction Frame, Brick
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street, Stone/gravel, Paved
Total Spaces 6
Electric 220 Volts, Circuit Breakers, 200+ Amp Service, Individually Metered
Water Public, Individual Meter
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $12,512
Assessed Value $1,095,400
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Seller Has Never Occupied The First Floor. Possession July 15, 2026 With Some Flexibility.
Exclusions Ask Seller
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 50 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
2
Living Area
2,531 sq ft
Total Rooms
13
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Laundry Room, Stone/Granite/Solid Counters, Upgraded Cabinets, Remodeled, Walk-Up Attic, Heated Attic, Open Floorplan, Living Room, Dining Room, Kitchen, Office/Den
Windows: Insulated Windows
Basement: Partial, Partially Finished, Interior Entry, Concrete
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame, Brick
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 2
Cooling: Window Unit(s)
Cooling Zones: 2
Hot Water: Electric, Tank
Water Source: Public, Individual Meter
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Stone/Gravel, Paved
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
E

Elementary Schools

3 schools
B-
Linden School
0.5 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
A
Mystic Valley Regional Charter School
0.6 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
A-
Herbert Clark Hoover School
0.9 mi | #218 of 824 | Score: 54.0
Dropped 88 spots from last year
-4.2 below state avg
260 students Moderate
Grades K-05
M

Middle Schools

3 schools
C+
Saugus Middle School
1.6 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
C
Susan B. Anthony Middle School
1.7 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-
Melrose Middle School
2.2 mi | #92 of 352 | Score: 50.4
Improved 6 spots from last year
-7.8 below state avg
886 students Moderate
Grades 06-08
H

High Schools

3 schools
Malden Catholic High School
1.1 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
C
Saugus High School
1.6 mi | #260 of 346 | Score: 45.6
Improved 8 spots from last year
-12.6 below state avg
744 students Diverse
17 sports • 972 athletes
College Ready Curriculum Strong Athletics Diverse Student Body
Grades 09-12
C+
Malden High School
1.8 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Learn about these ratings

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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,043
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

40-42 Swan Street, Malden MA 02148

Malden, MA 02148

Listing Information

Listing Agent Edmund Wong
Listing Office New Year Realty
Office Phone 339-400-8007
Agent MLS ID BB805141
Office MLS ID AN1076
Listing Data Updated Jun 25, 2026 3:05 AM 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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Steven Novak
BMN Boston Real Estate
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