
118 Granville Ave #118 Malden — Photo 1 of 41
$669,500
Investment Analysis — 118 Granville Ave #118
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 3.88% cap rate and $25,997/yr in estimated NOI at the $669,500 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,026
Style
Condominium
Built
2005
Welcome to a turnkey townhouse 118 Granville Ave, offering the privacy, outdoor space, and comfortable feel of a single family home! NO CONDO FEE! Set in a quiet, lightly traveled residential neighborhood, this move-in-ready and wonderfully-maintained residence features a 3-zoned forced air gas heating and central air system, recessed lighting, and beautiful hardwood flooring throughout with bountiful storage. The first floor open layout welcomes you with a sun-filled living room that flows seamlessly into the spacious eat-in kitchen with gas cooking, offering plenty of room for a dining area. Beyond the kitchen is another impressive living space with soaring vaulted ceilings. This versatile room can serve as a formal dining room, sitting room, sunroom, home office, fitness area—anything to best suit your lifestyle—especially overlooking the serene treetop views! A conveniently located half bath completes this level. The second floor offers two generously sized bedrooms, plus a third well-sized bedroom. The full bathroom has also been tastefully updated. Set in a poured concrete foundation, the fully finished walkout basement expands the home’s possibilities with a dedicated laundry area and an additional bonus room for a media room, playroom, guest space, office, or hobby area, with additional dedicated storage areas. Direct access leads to a generous, fully fenced-in private yard—perfect for entertaining, gardening, pets, or relaxing outdoors. A 2025 backyard shed provides convenient additional storage. Recent improvements include a new dual-stage Lennox furnace and heating system installed in 2025, a 2025 dishwasher, and a brand-new washer and dryer installed in 2026. Enjoy townhouse living without a monthly condo fee; the master insurance expense is simply shared between the two units. Conveniently located at short distances near Malden Center’s restaurants, shops, services, Orange Line T station, and Haverhill Line commuter rail. The nearby Salem Street bus stop provides multiple lines, including 106, 108, 411 and 430, offering a variety of route options and connecting to Malden Center and Wellington Station. Easy access to Routes 60 and 1, I-93, and surrounding communities makes this location ideal for commuters. With three finished levels, flexible living spaces and extensive storage capacity, a private fenced yard, extensive renovations, and no condo fee, this exceptional townhouse is a fantastic single-family alternative not to be missed out!
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.
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Property History
$669,500
Sep 21, 2026
MLS® 73580180
$659,000
Dec 20, 2024
MLS® 73310180
$625,000
Nov 12, 2024
MLS® 73310201
$625,000
Nov 6, 2024
MLS® 73310201
$625,000
Nov 6, 2024
MLS® 73310180
Listing Agent: Luxe Home Team
Listing Office: 1st Knock Realty
MLS® Number: 73580180