116 Derby Rd, Revere MA 02151
Revere, MA 02151
$799,000
Est. $4,739/month
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About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 25, 2026
$799,000
Original listing
Agent: Chelsey Gallo
Office: Lamacchia Realty, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/25/2026 | 🏠 Listed for Sale | $799,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,987 | $660,100 |
Financial Details
Annual Property Tax
$5,987
Tax Year 2025
Assessed Value
$660,100
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1929
Living Area
1,878 sq ft
Lot Size
0.15 acres
Bedrooms
3
Full Baths
2
Total Rooms
9
Investment Metrics
Units
2
Unit 1 Rent
$3,000/mo · Y
Unit 2 Rent
$2,400/mo · N
Total Monthly Rent
$5,400/mo
Gross Income
$63,600
Net Operating Income
$63,600
Cap Rate
7.96%
Interior
Heating
Oil, Natural Gas
Cooling
None
Flooring
Tile, Hardwood
Appliances
None
Fireplace
None
Basement
Walk-out Access, Unfinished
Laundry
None
Features
Storage
Exterior
Construction
Conventional (2x4-2x6)
Architecture
None
Roof
Shingle
Features
Rain Gutters, Garden
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Deck
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
3
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Oven
Financial
Annual Tax
$5,987
Assessed Value
$660,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Some Photos May Be Virtually Enhanced. Sellers Agent Is Also The Owner.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
39 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1929
Bedrooms
3
Full Bathrooms
2
Living Area
1,878 sq ft
Total Rooms
9
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,878 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Interior Features:
Storage
Windows:
Basement:
Walk-Out Access, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1929
Structure Type:
Exterior Materials:
Conventional (2x4-2x6)
Roof:
Shingle
Foundation:
Block
Stories:
2
Heating, Cooling & Utilities
Heating:
Oil, Natural Gas
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters, Garden
Patio & Porch:
Deck
Fencing:
Fenced
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street, Paved
Nearby Schools
School District
Revere School District local
C
School Safety
2024-25
4.0%
Above Average
1.8%
Suspensions
0.1%
Expulsions
2.1%
Emergency
1.5% below state avg
Elementary Schools
3 schools
The Islamic Education School
0.4 mi
Grades K-05
C+
A.C. Whelan Elementary School
0.5 mi
|
#506 of 824
|
Score: 44.5
Improved 55 spots from last year
-13.7 below state avg
658 students
Diverse
Rising School
Grades K-05
C
Abraham Lincoln School
0.7 mi
|
#592 of 824
|
Score: 41.4
Improved 88 spots from last year
-16.9 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
C
Susan B. Anthony Middle School
0.5 mi
|
#260 of 352
|
Score: 35.7
Improved 6 spots from last year
-22.5 below state avg
545 students
Diverse
Grades 06-08
A-
Rumney Marsh Academy
0.9 mi
|
#5 of 16
|
Score: 37.6
Improved 307 spots from last year
-20.6 below state avg
587 students
Moderate
Rising School
Grades 06-08
C
Garfield Middle School
1.9 mi
|
#264 of 352
|
Score: 35.1
Dropped 12 spots from last year
-23.1 below state avg
542 students
Moderate
Grades 06-08
High Schools
3 schools
C
Revere High School
1.0 mi
|
#249 of 346
|
Score: 46.2
Dropped 17 spots from last year
-12 below state avg
2,115 students
Moderate
18 sports
• 1,334 athletes
Early College Program
College Ready Curriculum
Strong Athletics
Grades 09-12
Malden Catholic High School
1.6 mi
19 sports
• 2,126 athletes
Strong Athletics
Grades 09-12
C+
Everett High School
1.7 mi
|
#233 of 346
|
Score: 48.1
Improved 42 spots from last year
-10.1 below state avg
2,307 students
Diverse
17 sports
• 1,298 athletes
Rising School
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$499
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
116 Derby Rd, Revere MA 02151
Revere, MA 02151
Listing Information
Listing Agent
Chelsey Gallo
Listing Office
Lamacchia Realty, Inc.
Office Phone
781-917-0491
Agent MLS ID
CN245605
Office MLS ID
AN6936
Listing Data Updated
Aug 3, 2026 1:48 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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