722 Highland Ave Malden, MA 02148
Upper Highlands NeighborhoodEstimated payment $5,980/month
Highlights
- Open Floorplan
- Wood Flooring
- Walk-In Closet
- Property is near public transit
- Balcony
- Bathtub with Shower
About This Home
Beautiful 2-family home located in Malden’s desirable West End, offering an excellent opportunity for both owner-occupants and investors. Unit 1 is currently rented, and well-maintained, long-term tenant in place with a strong history of on-time payments. while Unit 2 offer large layouts with great ceiling height, flexible floor plans, and tremendous potential for customization. Updates are needed, but the property features solid structure, paved driveway, vinyl siding, hardwood floors, private decks, and spacious bedrooms. Additional highlights include gas heating, separated utilities, front and rear egress, and ample natural light throughout all units. The property sits on a quiet residential street close to Oak Grove Station, bus routes, parks, shopping, and Malden Center. A rare chance to add value and build long-term equity in a high-demand rental market. Property sold as-is.
Open House Schedule
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Sunday, December 07, 20252:30 to 5:00 pm12/7/2025 2:30:00 PM +00:0012/7/2025 5:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,139
Year Built
- Built in 1880
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,013 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Ceiling Fan
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Schools
- Linden Steam Academy Elementary School
- Forestdale Middle School
- Malden High School
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
Additional Features
- Balcony
- 7,318 Sq Ft Lot
Listing and Financial Details
- Rent includes unit 1(none)
- Assessor Parcel Number M:016 B:013 L:316,591829
Community Details
Overview
- 2 Units
- Near Conservation Area
Recreation
- Park
Additional Features
- Shops
- Net Operating Income $19,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $91 | $807,300 | $353,400 | $453,900 |
| 2024 | $8,945 | $765,200 | $328,500 | $436,700 |
| 2023 | $8,605 | $705,900 | $299,000 | $406,900 |
| 2022 | $8,287 | $671,000 | $276,400 | $394,600 |
| 2021 | $8,040 | $654,200 | $259,600 | $394,600 |
| 2020 | $7,784 | $615,300 | $247,400 | $367,900 |
| 2019 | $7,360 | $554,600 | $235,600 | $319,000 |
| 2018 | $6,321 | $448,600 | $183,500 | $265,100 |
| 2017 | $6,187 | $436,600 | $183,500 | $253,100 |
| 2016 | $5,808 | $383,100 | $163,100 | $220,000 |
| 2015 | $5,592 | $355,500 | $155,000 | $200,500 |
| 2014 | $5,434 | $337,500 | $155,000 | $182,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $995,000 | +70.1% | $494 / Sq Ft | |
| 10/18/2017 10/18/17 | Sold | $585,000 | -2.3% | $291 / Sq Ft | View Prior Sale |
| 09/05/2017 09/05/17 | Pending | -- | -- | -- | |
| 08/18/2017 08/18/17 | For Sale | $599,000 | -- | $298 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $585,000 | -- | |
| Deed | $340,000 | -- | |
| Deed | $141,500 | -- | |
| Deed | $141,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $543,000 | New Conventional | |
| Previous Owner | $340,000 | Purchase Money Mortgage | |
| Previous Owner | $113,200 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73457210
APN: MALD-000016-000013-000316
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