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2 Days on market
220 Mountain Ave Malden — Photo 1 of 39

220 Mountain Ave Malden — Photo 1 of 39

$899,900

Investment Analysis — 220 Mountain Ave

Malden, MA 02148

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02148 carries an estimated $3,630/mo in gross rent — about a 2.63% cap rate and $23,686/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

3,678

Style

Single Family

Built

1950

BELOVED FAMILY HOME WITH UNBEATABLE CONVENIENCE! You’d be hard pressed to find a home that boasts rooms as big as this that retain New England charm and offer incredible functionality. The seller spent all summer freshening it up for the new owners with NEW interior paint and light fixtures. The main floor offers massive living space featuring a huge family room with a cozy fireplace, a formal living room with wall-to-wall windows that invite natural light, an UPDATED powder room and a dining room fit for all the family holidays! Not to be overlooked is an eat-in kitchen with newer appliances that is ready for someone’s personal touch to make it their own. Upstairs, three giant bedrooms and a full bath are joined by a flexible 2nd-floor den space that offers endless options for a home office, reading room or huge walk-in closet! A walk out porch provides a nice view of the backyard, to be enjoyed without having to go downstairs. The finished lower level has a wet bar and offers valuable bonus space ideal for a media room, playroom, gym or extra storage. LOCATION IS EVERYTHING! Nestled in a Zone 1A MBTA hub - a simple Link Pass gets you seamless commuter rail access at Malden Center & Oak Grove. Enjoy convenience: Malden Square, hospital, schools, everything is at your fingertips not to mention it’s a quick car ride to enjoy Boston’s amenities. Move right in, bring your design ideas, and make it yours!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,678 sq ft principal dwelling). Lot size: 12,502 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

Immersive Experience

Property Details

Financials

Original Price$899,900
Annual Taxes$9,420

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms9
Fireplaces1
FlooringFlooring - Hardwood, Flooring - Vinyl
BasementFull, Interior Entry

Climate & Utilities

HeatingNatural Gas
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningResA

Property & Lot

Acres0.29
SqFt Lot12,502
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

15 x 23

Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Recessed Lighting

Dining Room
Lvl First

13 x 18

Flooring - Hardwood, Chair Rail, Crown Molding

Kitchen
Lvl First

17 x 13

Flooring - Vinyl, Dining Area, Crown Molding

Family Room
Lvl First

15 x 24

Flooring - Hardwood, Recessed Lighting, Crown Molding

Primary Bedroom
Lvl Second

15 x 18

Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

13 x 15

Bedroom 3
Lvl Second

13 x 13

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

5 x 6

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

11 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Erika Steele

Listing Office: REMAX Executive Realty

MLS® Number: 73580028