2 Granite St Malden, MA 2148
Seven-unit apartment building in Malden with value-add potential.
Type:Multifamily
Property size:
4,208 SF- Added:
- Nov 25, 2025
- Days on Market:
- 127
- Last Refresh:
- Mar 29 at 11:23 pm
Property Features for 2 Granite St
General Information
- Standard status
- Active
- Size
- 4,208 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1911
Listing agent Brad Carlson License #NH #085535 (781) 334-8044
Listing office New England Realty Advisors LLC (781) 334-8044
Listing date Nov 25, 2025
Source Nerealtyadvisors
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All listing content including descriptions, pricing, images are the copyrighted material of New England Realty Advisors LLC
Overview
Malden Apartments: Value-Add Opportunity
The Granite Street Apartments, located in Malden, Massachusetts, feature seven units with a mix of one-bedroom and studio floor plans. There are six one-bedroom units and one studio. Many of the units and hallways have been upgraded with modern finishes. The property offers a value-add opportunity. All rents are currently close to 15% below market rate, presenting investors with the opportunity to increase rents to market rate without major capital improvements. There is also an entire vacant third-floor space that could be converted into more apartments. The property includes coin-op laundry. Malden is a diverse city located just north of Boston, Massachusetts. Malden is known for its vibrant downtown area, it offers a mix of residential neighborhoods, historic sites, and a thriving arts and culture scene. The city boasts a strong sense of community, with a diverse population and a rich history dating back to the 17th century. Malden is easily accessible to Boston and other surrounding areas, making it an attractive option for commuters and those seeking a suburban lifestyle with urban conveniences. The property size is 4,208 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Malden
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0452
- Latitude
- 42.4353
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FAQs
What type of property is this?
Apartment building - Seven-unit apartment building in Malden with value-add potential.
Where is this apartment building located?
The property is located at 2 Granite St Malden, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Significant rent increase potential (15% below market) without major renovations.; Value‑add opportunity through third‑floor space conversion into additional apartments.; Upgraded units with modern finishes enhance tenant appeal.
