2 Family - 2 Units Up/Down at 40-42 Swan St, Malden MA 02148, Malden
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$1,000,000

40-42 Swan St, Malden MA 02148
Malden, MA 02148
Listed by Stephany Arteaga
Bedrooms
6
Bathrooms
2
Living area
2,531 sqft
Year built
1920

About this home

BUYER FINANCING FELL THROUGH! Welcome to 40–42 Swan Street, a renovated two-family home nestled on a quiet dead-end street in Malden’s desirable Maplewood neighborhood. This property features two spacious 3 bedroom units, each with comfortable living spaces, high ceilings, hardwood flooring, and updated kitchens and baths. The upper unit offers an additional walk up finished attic space, providing flexibility as a home office, guest space, playroom, studio, or potential additional sleeping area. The high ceiling basement provides storage and utility space with exterior access. The entire home was remodeled in 2021, with continued improvements including a new roof completed in 2026 and an electric water heater replaced in 2023. The first unit can be sold fully furnished as displayed, creating an attractive turnkey option for a furnished, mid term, or long term rental, or for a buyer looking for a move in ready home. Outside, enjoy a large backyard with plenty of room for entertaining, gardening, recreation, or simply relaxing. Six off street parking spaces, three for each unit, are a rare and valuable amenity in the area. Ideally situated near Maplewood Square, local restaurants, shopping, parks, schools, public transportation, and the Northern Strand Community Trail, the location offers the convenience of city living while maintaining a quieter residential setting. Nearby MBTA connections provide access toward Malden Center and the Orange Line, making commuting into Boston and surrounding communities convenient. Revere Beach is also just a short drive away. Whether you are looking to live in one unit while generating rental income from the other, expand your investment portfolio, accommodate extended family, or maximize rental potential, 40–42 Swan Street offers an exceptional combination of space, updates, parking, outdoor living, flexibility, and location.

Property details

MLS #
73568570
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
29
On market date
August 26, 2026
Stories
3
Total bathrooms
2
Garage spaces
N/A
Parking spaces
6
Lot size
0.19 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Linden
0.53 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
787
Student:teacher ratio
11.9:1
District
Malden
Middle
Saugus Middle School
1.61 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
608
Student:teacher ratio
15.6:1
District
Saugus
High
Saugus High
1.52 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
694
Student:teacher ratio
15.8:1
District
Saugus

Walkability

Blended score for Malden's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

77
Walkable
out of 100
EPA National Walkability Index
12.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks15
Schools17
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Malden, from live MLS data.

On the market 29 days -- 49 fewer days than Malden's current average of 78 days.
For reference, the median list price across 370 active listings in Malden right now is $3,800.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,172/mo
$200,000 down
$800,000 loan
Principal & interest$5,189
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.