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116 Derby Rd 02151, Revere

$799,000

For Sale

1878 SqFt

Size

3

Bedrooms

2

Bathrooms

73541931

Property Id

Property image 1
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Description

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.

Address

Address116 Derby Rd 02151 Revere, MA
CountryUS
Property Type

Residential Income

Property Class

ResidentialProperty

Style

2 Family - 2 Units Up/Down

Transaction Type

Sale

Year Built

1929

Total Rooms

9

Bedrooms

3

Bathrooms (Full)

2

Square Feet

1,878 sqft

Lot Size

6,560 sqft

Heating

Oil, Natural Gas

Flooring

Tile, Hardwood

Parking

3

Total Rooms

9

Bedrooms

3

Full Bathrooms

2

Flooring

Tile, Hardwood

Heating

Oil, Natural Gas

Basement

Walk-Out Access, Unfinished

List Price

$799,000

Original Price

$799,000

Price per Sqft

$425

Annual Property Taxes

$5,987

Tax Assessment Year

2025

Monthly Tax Estimate

$499

MLS Pin© 2026 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. This information was last updated on Monday, June 29, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Chelsey Gallo directly for additional information pertaining to the status and availability of properties displayed on this website.