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581 & 233 Proctor & Washington Ave, Revere MA 02151

Revere, MA 02151
$1,489,000
Est. $8,896/month
7
Beds
5
Baths
6,457
Sq Ft
$231
Price/Sq Ft
0.08
Acres
1960
Year Built
4 Family
Type
13 hours 46 minutes
Time on Market
Active Listed Mar 3, 2026 • MLS# 73481847 Copied!

About this home

Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units 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 9% 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. .

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Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1960
Bedrooms
7
Full Bathrooms
4
Half Bathrooms
2
Living Area
6,457 sq ft
Total Rooms
16
Stories
4
Levels
4

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1960
Living Area 6,457 sq ft
Lot Size 0.08 acres
Bedrooms 7
Full Baths 4
Half Baths 2
Total Rooms 16

Interior

Heating Baseboard, Natural Gas
Cooling None, Wall Unit(s)
Flooring Wood, Tile
Appliances Range, Microwave, Refrigerator, Dishwasher, Other
Fireplace Wood Burning
Fireplaces 1
Basement None
Laundry None
Features Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living Rm/dining Rm Combo, Office/den

Exterior

Construction Brick
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $14,000
Assessed Value $1,126,500

Interior Features

Flooring: Wood, Tile
Appliances: Range, Microwave, Refrigerator, Dishwasher, Other
Interior Features: Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
Windows: Picture Window
Basement:
Laundry:
Security: Security System

Construction & Materials

Year Built: 1960
Structure Type:
Exterior Materials: Brick
Roof: Shingle
Foundation: Slab
Stories: 4

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 4
Cooling: None, Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Parking Features:

Special Features

Fireplaces: 1
Fireplace Type: Wood Burning
Community Amenities: Public Transportation, Shopping

Location

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Neighborhood

581 & 233 Proctor & Washington Ave, 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
1.4 mi
Grades PK-08
C+
A.C. Whelan Elementary School
0.6 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
The Islamic Education School
0.9 mi
Grades K-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
C
Abraham Lincoln School
1.1 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
Paul Revere School
1.8 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
2.2 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
2.6 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
0.6 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
1.4 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
2.2 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
1.3 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
2.6 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
Learn about these ratings
School data provided by BMN Schools

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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,167
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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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
Mar 3, 2026
$1,489,000
Original listing
Office: Trinity Real Estate

Price & Status History

Date Event Price Change
Mar 3, 2026 New Listing Added $1,489,000 —

Market Statistics

Time on Market
13 hours 46 minutes
Price per Sq Ft
$231

Tax History

Year Taxes Assessment
2025 $14,000 $1,126,500

Financial Details

Annual Property Tax
$14,000
Tax Year 2025
Assessed Value
$1,126,500

Listing Information

Listing Agent Annemarie Torcivia
Listing Office Trinity Real Estate
Agent MLS ID B9500409
Office MLS ID AN6934
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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