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Randal Engelmann

Focus Real Estate

[email protected] +1(617) 676-4082

$ 799,000

Est. payment -/mo

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New

116 Derby Rd Revere, MA 02151

3 Beds

2 Baths

1,878 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,878 sqft

Price per Sqft $425

MLS Listing ID 73541931

Bedrooms 3

Full Baths 2

Year Built 1929

Annual Tax Amount $5,987

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 2 Family - 2 Units Up/Down

Property Description

Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,300/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)—buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

Location

State MA

County Suffolk

Zoning RB

Direction USE GPS

Rooms

Basement Walk-Out Access, Unfinished

Interior

Interior Features Storage

Heating Oil, Natural Gas

Flooring Tile, Hardwood

Exterior

Exterior Feature Rain Gutters, Garden

Fence Fenced

Community Features Public Transportation, Park, Highway Access, House of Worship, Public School, T-Station

Utilities Available for Gas Range, for Gas Oven

Waterfront Description 0 to 1/10 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 3

Garage No

Building

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://www.tourvista.com/39149

Listed by Lamacchia Realty, Inc.

NEARBY SCHOOLS & PROPERTIES

FOCUS Real Estate

Broker | License ID: 422219

+1(617) 676-4082

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