233 Washington Ave, Revere MA 02151

Revere, MA 02151

$1,489,000

$1,415,000

Est. $8,522/month

7

Beds

5

Baths

6,457

Sq Ft

$219

Price/Sq Ft

0.08

Acres

1960

Year Built

5

Parking

4 Family

Type

129

Days on Market

Active Price Drop -$74,000 Listed Mar 3, 2026 • MLS# 73481847 Copied! • Updated Jun 22, 2026

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About this home

Outstanding mixed-use investment featuring a 2,000+ sq. ft. commercial dance studio with a 39-year tenant and lease through 2029, plus three residential units consisting of two 2-bedroom apartments and one 3-bedroom apartment with office/den. All residential units are deleaded and occupied by Section 8 tenants, providing a reliable income stream. Solid brick construction, common laundry, off-street parking, and exceptional tenant retention make this a turnkey investment opportunity with immediate cash flow and long-term stability.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

⏳

Pending Sale

Mar 13, 2026

Offer accepted, sale pending

🏠

Listed for Sale

Mar 3, 2026

$1,489,000

Original listing

Office: Trinity Real Estate

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
03/13/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
03/03/2026	🏠 Listed for Sale	$1,489,000	-	-	Original listing

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

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

Investment Metrics

Units 4

Unit 1 Rent $2,600/mo · Y

Unit 2 Rent $2,600/mo · Y

Unit 3 Rent $3,200/mo · Y

Unit 4 Rent $3,800/mo · Y

Total Monthly Rent $12,200/mo

Gross Income $144,000

Net Operating Income $118,000

Operating Expenses $26,000

Water/Sewer Expense $4,000

Insurance Expense $8,000

Cap Rate 8.34%

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

Total Spaces 5

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $14,000

Assessed Value $1,126,500

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

Down Payment Resource Eligible

MA Disclosures

Seller Disclosures Home Inspection Will Be For Informational Purposes. Property Is Being Sold As Is.

Additional Details

Possession None

Accepted Financing Contract

Structure Type []

Sq Ft Source Owner

Sq Ft Disclosures Some info differs from public record because of Dance Studio; pictures taken when units were vacant

Documents None

County Suffolk

Total market time (incl. prior listings) 51 days

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

Room Details

Other Floor

Bathroom1

Bedroom5

Bedroom4

Bedroom3

Dining Room

Kitchen

Bathroom2

Bedroom2

Living Room

Bathroom3

Master Bedroom

Office

Family Room

Master Bathroom

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

Total Parking Spaces: 5

Parking Features:

Special Features

Fireplaces: 1

Fireplace Type: Wood Burning

Community Amenities: Public Transportation, Shopping

Nearby Schools

School information not available for this location.

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $1,167

Homeowners Insurance $200

PMI (if <20% down) $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.

Location

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Neighborhood

233 Washington Ave, Revere MA 02151

Revere, MA 02151

Listing Information

Listing Agent Annemarie Torcivia

Listing Office Trinity Real Estate

Office Phone 781-231-9800

Agent MLS ID B9500409

Office MLS ID AN6934

Listing Data Updated Jun 22, 2026 10:48 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 800 - 9008 contact@bmnboston.com

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