722 Highland Ave, Malden, MA, 02148
About This Home
Incredible location approximately 1 mile from Oak Grove Station, I-93, the hiking trails at Middlesex Fells Reservation, and walking distance to Fells Pond!! This well maintained two family home is ideal for an investor or for an owner occupant looking to occupy a one bedroom apartment. The 3 bedroom (second floor) unit is currently rented through Aug 2027 at $3,000 per month. The 1 bedroom (first floor) unit is rented via tenant at will for $1,950 per month and could be deliverd vacant. First floor unit contains a one bedroom apartment with a walk-in closet, a large mud room/bonus closet space, eat-in kitchen, in unit laundry, and private outdoor deck. Second unit contains 3 bedrooms on two floors, two bathrooms, in unit laundry, large open-concept living room that can also accomodate dining space, and two private outdoor balconies. The units are serviced by a parking lot in the back that can comfortably fit 3 cars, or 4 with a tandem spot. Main roof done in 2023. Please allow 24-48 hours notice for all showings!
Getting Around
Car-Dependent
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Foundation: Stone
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Appliances
- Appliances included: Range,Refrigerator,Freezer,Washer,Dryer
Basement
- Has basement: Yes
- Basement: Dirt Floor
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Walk-In Closet(s),Bathroom With Tub & Shower,Slider,Ceiling Fan(s),Open Floorplan,Living Room,Kitchen,Laundry Room,Mudroom
- Flooring: Hardwood
- Finished area above ground: 2,013
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 2,013
- Total interior livable area: 2,013 sqft
Property
Details
- Parcel number: 591829
- Zoning: ResA
Features
- Exterior features: Balcony/Deck
Lot
- Lot size: 7,320 sqft
- Features: Steep Slope
Parking
- Total spaces: 3
- Parking features: Off Street
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $255 | $3,060 |
| Property Taxes | $836 | $10,032 |
| Electricity | $396 | $4,763 |
| Total | $6,037 | $72,444 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Price change | $923,000 |
| 2026-07-19 | Price change | $899,900 |
| 2026-06-21 | Price change | $989,900 |
| 2026-06-10 | Listed for sale | $1,055,000 |
| 2026-02-21 | Listing removed | $995,000 |
| 2025-11-22 | Listed for sale | $995,000 |
| 2025-09-19 | Listing removed | -- |
| 2025-07-24 | Listed for sale | $969,000 |
| 2021-03-24 | Listing removed | -- |
| 2017-12-19 | Listing removed | $2,400 |
| 2017-11-10 | Listed for rent | $2,400 |
| 2017-10-19 | Sold | $585,000 |
| 2017-08-19 | Listed for sale | $599,000 |
| 2009-12-07 | Sold | $340,000 |
| 1996-07-23 | Sold | $141,500 |
View on Zillow