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116 Derby Rd, Revere MA 02151

Revere, MA 02151
$799,000
Est. $4,739/month
3
Beds
2
Baths
1,878
Sq Ft
$425
Price/Sq Ft
0.15
Acres
1929
Year Built
10 hours 24 minutes
Time on Market
Active Listed Jun 25, 2026 • MLS# 73541931 Copied!

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 $5,300/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). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

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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

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

Interior

Heating None
Cooling None
Flooring Tile, Hardwood
Appliances None
Fireplace None
Basement Walk-out Access, Unfinished
Laundry None
Features None

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

Interior Features

Flooring: Tile, Hardwood
Appliances:
Interior Features:
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:
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

Location

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Neighborhood

116 Derby Rd, Revere MA 02151

Revere, MA 02151

Walkability

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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
E

Elementary Schools

8 schools
Immaculate Conception Elementary School
1.3 mi
Grades PK-08
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
B-
Staff Sargent James J. Hill Elementary School
1.0 mi | #452 of 824 | Score: 46.1
Improved 140 spots from last year
-12.1 below state avg
615 students Moderate
Rising School
Grades K-05
B
Paul Revere School
1.1 mi | #368 of 824 | Score: 48.5
Improved 185 spots from last year
-9.7 below state avg
497 students Diverse
Rising School
Grades K-05
B
Garfield Elementary School
1.9 mi | #370 of 824 | Score: 48.4
Improved 349 spots from last year
-9.8 below state avg
639 students Moderate
Rising School
Grades PK-05
B
Beachmont Veterans Memorial School
2.4 mi | #350 of 824 | Score: 49.1
Improved 63 spots from last year
-9.1 below state avg
346 students Diverse
Rising School
Grades PK-05
M

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
H

High Schools

2 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
D
CityLab Innovation High School
2.4 mi | #327 of 346 | Score: 28.4
Improved 14 spots from last year
-29.8 below state avg
117 students Moderate
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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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

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Current Rate
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Payment Over Time

Interest
Principal
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.

Property History

Property Timeline

🏠
Listed for Sale
Jun 25, 2026
$799,000
Original listing
Agent: Chelsey Gallo Office: Lamacchia Realty, Inc.

Price & Status History

Date Event Price Change
Jun 25, 2026 New Listing Added $799,000

Market Statistics

Time on Market
10 hours 24 minutes
Price per Sq Ft
$425

Tax History

Year Taxes Assessment
2025 $5,987 $660,100

Financial Details

Annual Property Tax
$5,987
Tax Year 2025
Assessed Value
$660,100

Listing Information

Listing Agent Chelsey Gallo
Listing Office Lamacchia Realty, Inc.
Agent MLS ID CN245605
Office MLS ID AN6936
Listing Data Updated Jun 25, 2026 8:58 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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Market Analytics for Revere, MA

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