Rarely does a property this turnkey hit the market steps from Revere Beach. The perfect trifecta: owner occupant dream, cash flowing investment, or condo conversion candidate. Unit 1 is a vacant, fully renovated 2 bed/2 bath featuring new flooring, fresh paint, stainless appliances, a master suite with private bath and walk-in closet, and a sliding glass door to a private covered patio. Unit 2, directly above, is a sun-drenched 3 bed/1 bath featuring soaring cathedral ceilings, large kitchen island, and a slider to a deck where ocean views await. Currently leased at $3,200/mo through 8/1 with the option to continue on month to month market rent ($3,500+). Each unit features brand new tankless water heaters, heat and AC, in-unit washer/dryer, and separate utilities. Newly landscaped fenced yard with arborvitae trees that divide it into two private retreats. Brand new exterior vinyl siding, new composite deck, cable railings, and 5 off-street parking spaces. Less than a mile from the T!
This home has been viewed 18 times
Last Checked: June 9th, 2026 at 11:08am (Source: MLS PIN #73530597)
Gross Income: $38,400
Gross Expenses: $10,612
Net Income Calc: $27,788
Water Views
Annual Expenses for 48-50 Arcadia St, Revere MA 02151
Total Gross Expenses (Calculated)$10,612/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6712
Annual Income & Unit Breakdown for 48-50 Arcadia St, Revere MA 02151
Total Gross Income (Calculated)$38,400
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms3 Full
Floor2
Levels in Unit1
Rent IncludesHeat
General Information for 48-50 Arcadia St, Revere MA 02151
Listing ID73530597
Property TypeMulti Family
Price1029999 ($476.85/SqFt)
StyleMulti Family
CityRevere
CountySuffolk
MLS AreaOak Island
Neighborhood(s)
Approximate Living Area Total2160
Approximate Lot Size (Acres)0.15
Total Parking5
Garage Parking0
Year Built1987
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningRB
Water ViewsYes
Water Views FeaturesBay
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 48-50 Arcadia St, Revere MA 02151
Lead PaintNone
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsBasement Projector
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 48-50 Arcadia St, Revere MA 02151
Real Estate Taxes6712
Tax Year2025
Assessed Value$740,000
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 48-50 Arcadia St, Revere MA 02151
Neighborhood(s)
MLS AreaOak Island
Area AmenitiesWalk/jog Trails
Contact Information for 48-50 Arcadia St, Revere MA 02151