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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
3
Parking
15
Days on Market
Active Listed Jun 25, 2026 • MLS# 73541931 Copied! • Updated Jun 29, 2026

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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Recently Sold Nearby

Property History

Property Timeline

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

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 $2,900/mo · Y
Unit 2 Rent $2,400/mo · N
Total Monthly Rent $5,300/mo
Gross Income $63,600
Net Operating Income $63,600
Cap Rate 7.96%
Heating Oil, Natural Gas
Cooling None
Flooring Tile, Hardwood
Appliances None
Fireplace None
Basement Walk-out Access, Unfinished
Laundry None
Features Storage
Construction Conventional (2x4-2x6)
Architecture None
Roof Shingle
Features Rain Gutters, Garden
Pool None
Spa None
Fencing Fenced
Patio/Porch Deck
Features Paved Drive, Off Street, Paved
Total Spaces 3
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
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Some Photos May Be Virtually Enhanced. Sellers Agent Is Also The Owner.
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) 4 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

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: 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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

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
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

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 Jun 29, 2026 3:05 AM 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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