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INVESTMENT SNAPSHOT
About this property
Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave 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 8% 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. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
Property details
| Units | 4 |
| Living area | 6,457 sqft |
| Lot size | 3,615 sqft |
| Year built | 1960 |
| Price / sqft | $219 |
| County | Suffolk |
| MLS # | 73481847 |
Listing status
| Days on market | 14 days |
| Listed on | March 3, 2026 |
Taxes & financials
| Annual property tax | $14,000 |
| Tax year | 2025 |
| Assessed value | $1,126,500 |
| Zoning | Mixed Use |
| Gross income (actual) | $144,000/yr |
| Net operating income (actual) | $118,000/yr |
| Total actual rent | $12,000/mo |
| Electric expense | $0/yr |
| Insurance expense | $8,000/yr |
Building & lot
| Stories | 4 |
| Total rooms | 16 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Slab |
| Roof | Shingle |
| Construction | Brick |
| Flooring | Wood, Tile |
Utilities & systems
| Heating | Baseboard, Natural Gas |
| Cooling | None, Wall Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Microwave, Refrigerator, Dishwasher, Other |
Location
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Listing courtesy of Trinity Real Estate — Annemarie Torcivia. 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 233 Washington Ave, Revere MA 02151 have?
It is a 4-unit multi-family property with 6,457 sqft of living area, built in 1960.
How long has 233 Washington Ave, Revere MA 02151 been on the market?
233 Washington Ave, Revere MA 02151 has been listed for 14 days (since March 3, 2026).
What is the estimated cap rate on this 4-family in Revere?
Based on area median rents, the estimated cap rate is about 5.3%, with a Signal Score of 89/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,415,000 across 4 units, that works out to roughly $353,750 per unit.
What are the property taxes on 233 Washington Ave, Revere MA 02151?
Annual property taxes are $14,000 (2025), on an assessed value of $1,126,500.
What is the price per square foot?
At $1,415,000 for 6,457 sqft, that's about $219 per square foot.
Where is this property located?
233 Washington Ave, Revere MA 02151 is in Revere, Suffolk County, MA 02151.
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