581 & 233 Proctor & Washington Ave, Revere, MA 02151

Revere
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
581 & 233 Proctor & Washington Ave,Revere, MA 02151
$1,489,000
  • 7 Beds
  • 6 Baths
  • 6,457 sq. ft.
  • Multi-family
  • Active
Listed by: annemarie torcivia
Office: trinity real estate
MLS#:73481847
Source:MLSPIN

Price summary

  • Price:$1,489,000
  • Price per sq. ft.:$230.6

About this home

Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .

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Home facts

  • Year built:1960
  • Listing ID #:73481847
  • Updated:March 10, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Full bathrooms:4
  • Half bathrooms:2
  • Rooms Total:16
  • Flooring:Tile, Wood
  • Dining Description:Living Room/Dining Room Combo
  • Bathrooms Description:Bathroom With Tub & Shower
  • Kitchen Description:Dishwasher, Kitchen, Microwave, Range, Refrigerator
  • Living area:6,457 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Baseboard, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:6,457 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Brick
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,489,000
  • Price per sq. ft.:$230.6
  • Tax amount:$14,000 (2025)

Features and amenities

  • Appliances:Dishwasher, Microwave, Range, Refrigerator
  • Amenities:Ceiling Fan(s)
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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