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INVESTMENT SNAPSHOT
About this property
Presenting a rare opportunity to acquire a fully occupied 6-unit multifamily property just moments from Revere Beach. Situated on a level lot with two driveway entrances and ample off-street parking, this investment offers strong in-place income with future upside. Current monthly rent roll is $12,100 with as-is pro forma rents projected to be at least $14,400/month, plus there is an approximately $2,000 annually in laundry income. Property features potential expansion for 2 additional units on the top level. Conveniently located near public transit with train access to Boston, major highways, shopping, dining, and a playground 1 block away on the same street. Excellent opportunity for investors seeking cash flow, appreciation, and long-term value add potential. Sellers reserve the right to accept an offer at anytime.
Property details
| Units | 6 |
| Living area | 4,180 sqft |
| Lot size | 8,224 sqft |
| Year built | 1970 |
| Price / sqft | $465 |
| County | Suffolk |
| MLS # | 73525052 |
Listing status
| Days on market | 8 days |
| Listed on | May 27, 2026 |
Taxes & financials
| Annual property tax | $11,431 |
| Tax year | 2025 |
| Assessed value | $1,295,500 |
| Zoning | RB |
| Gross income (actual) | $147,200/yr |
| Net operating income (actual) | $114,651/yr |
| Total actual rent | $7,250/mo |
| Electric expense | $990/yr |
| Insurance expense | $16,887/yr |
Building & lot
| Stories | 5 |
| Total rooms | 21 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 7 |
| Parking | Paved Drive, Off Street |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Revere →
Listing courtesy of Three Hills Real Estate Service, LLC — Justin Brown. 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 120 Dolphin, Revere MA 02151 have?
It is a 6-unit multi-family property with 4,180 sqft of living area, built in 1970.
How long has 120 Dolphin, Revere MA 02151 been on the market?
120 Dolphin, Revere MA 02151 has been listed for 8 days (since May 27, 2026).
What is the estimated cap rate on this 6-family in Revere?
Based on area median rents, the estimated cap rate is about 5.8%, with a Signal Score of 92/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,945,000 across 6 units, that works out to roughly $324,167 per unit.
What are the property taxes on 120 Dolphin, Revere MA 02151?
Annual property taxes are $11,431 (2025), on an assessed value of $1,295,500.
What is the price per square foot?
At $1,945,000 for 4,180 sqft, that's about $465 per square foot.
Is there parking?
7 total parking spaces (paved drive, off street).
Where is this property located?
120 Dolphin, Revere MA 02151 is in Revere, Suffolk County, MA 02151.
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