116 Derby Rd, Revere, MA 02151

Revere
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
116 Derby Rd,Revere, MA 02151
$799,000
Virtual Tour
  • 3 Beds
  • 2 Baths
  • 1,878 sq. ft.
  • Multi-family
  • Active
Listed by: chelsey gallo, chelsey gallo
Office: lamacchia realty, inc.
MLS#:73541931
Source:MLSPIN

Price summary

  • Price:$799,000
  • Price per sq. ft.:$425.45

About this home

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 $5,400/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). Remaining 11-month lease in place for Unit 2 (June 2027). Some photos may be virtually enhanced.

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Home facts

  • Year built:1929
  • Listing ID #:73541931
  • Updated:August 26, 2026 at 10:39 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:9
  • Flooring:Hardwood, Tile
  • Basement Description:Unfinished, Walk-Out Access
  • Living area:1,878 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1929
  • Building area:1,878 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Conventional (2x4-2x6)
  • Exterior Features:Deck, Garden, Rain Gutters
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$799,000
  • Price per sq. ft.:$425.45
  • Tax amount:$5,987 (2025)

Features and amenities

  • Amenities:Storage

Parking

  • Total parking spaces:3
  • Parking description:Off Street, Paved, Paved Drive
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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