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116 Derby Rd, Revere MA 02151

$799,000

Estimated $1,794/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $399,500

Total Rent: 63600/year

Estimated CAP Rate:

3 Bedrooms

Baths

1878

Total Parking: 3

6,560 (0.15)

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.

This home has been viewed 2 times

Last Checked: June 26th, 2026 at 7:03pm (Source: MLS PIN #73541931)

Gross Income: $63,600

Gross Expenses: $5,987

Net Income Calc: $57,613

Annual Expenses for 116 Derby Rd, Revere MA 02151

Total Gross Expenses (Calculated)$5,987/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5987

Annual Income & Unit Breakdown for 116 Derby Rd, Revere MA 02151

Total Gross Income (Calculated)$63,600

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor0

Levels in Unit0

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit0

Rent IncludesHeat

General Information for 116 Derby Rd, Revere MA 02151

Listing ID73541931

Property TypeMulti Family / 2 Family

Price799000 ($425.45/SqFt)

Style2 Family - 2 Units Up/down

CityRevere

CountySuffolk

Neighborhood(s)

Approximate Living Area Total1878

Approximate Lot Size (Acres)0.15

Total Parking3

Garage Parking0

Year Built1929

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 116 Derby Rd, Revere MA 02151

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTv On The Deck And Garage Tv

Financial Data Source

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 116 Derby Rd, Revere MA 02151

Real Estate Taxes5987

Tax Year2025

Assessed Value$660,100

Financial Data Source

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 116 Derby Rd, Revere MA 02151

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 116 Derby Rd, Revere MA 02151

Agent

Name: Chelsey Gallo

Office

Name: Lamacchia Realty, Inc.

Phone: 781-917-0491

Team Members

Payment Calculator

, Interest

Property Taxes 498.92

Principal & Interest 4923.18

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Chelsey Gallo

Agent Phone

Office Phone

(781) 917-0491

Text Agent Call Agent Call Office

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EXIT

29 More Photos