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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 1,878 sqft |
| Lot size | 6,560 sqft |
| Year built | 1929 |
| Price / sqft | $425 |
| County | Suffolk |
| MLS # | 73541931 |
Listing status
| Days on market | 39 days |
| Listed on | June 25, 2026 |
Taxes & financials
| Annual property tax | $5,987 |
| Tax year | 2025 |
| Assessed value | $660,100 |
| Zoning | RB |
| Gross income (actual) | $63,600/yr |
| Net operating income (actual) | $63,600/yr |
| Total actual rent | $5,400/mo |
Building & lot
| Stories | 2 |
| Total rooms | 9 |
| Lot size | 0.15 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Walk-Out Access, Unfinished |
| Foundation | Block |
| Roof | Shingle |
| Construction | Conventional (2x4-2x6) |
| Flooring | Tile, Hardwood |
Utilities & systems
| Heating | Oil, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Gas Oven |
Location
More about investing in Revere →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 116 Derby Rd, Revere MA 02151 have?
It is a 2-unit multi-family property with 1,878 sqft of living area, built in 1929.
How long has 116 Derby Rd, Revere MA 02151 been on the market?
116 Derby Rd, Revere MA 02151 has been listed for 39 days (since June 25, 2026).
What is the price per unit?
At a list price of $799,000 across 2 units, that works out to roughly $399,500 per unit.
What are the property taxes on 116 Derby Rd, Revere MA 02151?
Annual property taxes are $5,987 (2025), on an assessed value of $660,100.
What is the price per square foot?
At $799,000 for 1,878 sqft, that's about $425 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street, paved).
Where is this property located?
116 Derby Rd, Revere MA 02151 is in Revere, Suffolk County, MA 02151.
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