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INVESTMENT SNAPSHOT
About this property
WEST REVERE!! Hard to find well maintained three family on a corner lot. Consisting of three floors: 1st floor - 2 bedrooms, 2nd floor - two to three bedrooms, 3rd floor - 1 bedroom completely renovated with HVAC. Separate gas heat for each apartment. Washer and dryer hook ups for all three apartments. Also, basement has full bath. New roof sheathed with plywood plus shingled. Recent vinyl cladded picture windows in front facade and in kitchens. Bonus an all masonry 18 ft by 25 ft garage. Four off street parking spaces. Possibility of an ADU over the garage. 5% cap rate. Includes all expenses.
Property details
| Units | 3 |
| Living area | 2,600 sqft |
| Lot size | 4,000 sqft |
| Year built | 1900 |
| Price / sqft | $481 |
| County | Suffolk |
| MLS # | 73490013 |
Listing status
| Days on market | 74 days |
| Listed on | March 22, 2026 |
Taxes & financials
| Annual property tax | $7,153 |
| Tax year | 2025 |
| Assessed value | $788,600 |
| Zoning | RB |
| Total actual rent | $0/mo |
Building & lot
| Stories | 5 |
| Total rooms | 12 |
| Lot size | 0.09 acres |
| Garage spaces | 2 |
| Parking spaces | 7 |
| Parking | Paved Drive, Off Street, On Street, Paved |
| Basement | Full, Partially Finished, Walk-Out Access, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame, Brick |
| Flooring | Wood, Tile, Vinyl |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
Location
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Listing courtesy of Atlantic Realty Services — Maria DiPierro. 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 261-263 Proctor Ave, Revere MA 02151 have?
It is a 3-unit multi-family property with 2,600 sqft of living area, built in 1900.
How long has 261-263 Proctor Ave, Revere MA 02151 been on the market?
261-263 Proctor Ave, Revere MA 02151 has been listed for 74 days (since March 22, 2026).
What is the estimated cap rate on this 3-family in Revere?
Based on area median rents, the estimated cap rate is about 4.5%, with a Signal Score of 79/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,250,000 across 3 units, that works out to roughly $416,667 per unit.
What are the property taxes on 261-263 Proctor Ave, Revere MA 02151?
Annual property taxes are $7,153 (2025), on an assessed value of $788,600.
What is the price per square foot?
At $1,250,000 for 2,600 sqft, that's about $481 per square foot.
Is there parking?
2 garage spaces and 7 total parking spaces (paved drive, off street, on street, paved).
Where is this property located?
261-263 Proctor Ave, Revere MA 02151 is in Revere, Suffolk County, MA 02151.
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