Malden Apartments: Value-Add
2 Granite St, Malden, MA 02148
Seven-unit apartment building in Malden with value-add potential.
Type:Multifamily
Property size:
4,208 SFPrice / SF:
$439/SF- Added:
- Nov 25, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 5 at 11:24 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 #MA #9584876 (781) 334-8044
Listing office New England Realty Advisors LLC (781) 334-8044
Listing date Nov 25, 2025
Source Nerealtyadvisors
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of New England Realty Advisors LLC
HighLights
- 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.
- Mix of one‑bedroom and studio units offers diverse tenant options.
- Coin‑op laundry provides on‑site convenience and additional income.
- Located in Malden, MA, offering convenient access to Boston and urban amenities.
Overview
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
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
Nearby Similar for Sale
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.
