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116 Derby Rd

Revere, MA 02151
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Bed 3

Bed

Bath 2

Bath

SqFt1,878

Sqft

Acres0.15

Acre(Lot)

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 (20 23). 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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Detail Ic Property Details

Property Type : Residential Income

Price : $799,000

AD Id : 86468785

MLS Id : 73541931

Beds : 3

Lot Size : 0.15 Acre

Living Area Size : 1,878

Year Built : 1929

County : Suffolk

  • Map Map

Map

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Feature Features

  • Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Total Bedroom: 3
  • Flooring Information

    Tile, Hardwood
  • Roofing Information

    Shingle
  • Interior Features

    Storage Roof: Shingle
  • Heating & Cooling

    Heating: Oil, Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1929 Construction Materials: Conventional (2x4-2x6) Basement: Walk-Out Access, Unfinished
  • Exterior Features

    Rain Gutters, Garden
    Foundation Details: Block
    Porch: Deck
  • Fencing

    Fenced

  • Lot Information

    Lot Size Area: 0.15 Lot Size Units: Acres Lot Square Feet: 6,560 Lot Acres: 0.15 Waterfront: 0 to 1/10 Mile To Beach, Beach Ownership(Public) Stories: 2 Main Square Feet: 0.15

    Property Information

    Property Type: Residential Income Sub Type: 2 Family - 2 Units Up/DownSQ ft (Living Area): 1,878

  • Listing Price Information

    Original Listing Price: $799000

  • Tax Information

    Parcel Number: M:28 B:438K L:23,1379146 Annual Tax: $5987

  • Parking Information

    Parking Total: 3 Paved Drive, Off Street, Paved

  • Utility Information

    for Gas Range, for Gas Oven
  • Location Information

    Direction: USE GPS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
29 Bateman Ave, Revere, MA, 02151 $435,000 2 1 1,080 1,080 SqFt
00 North Shore Rd, Revere, MA, 02151 $2,275,000 99 198 9,999 9,999 SqFt
216 Crest Ave, Revere, MA, 02151 $639,000 3 1 1,103 1,103 SqFt
19 John Ave, Revere, MA, 02151 $889,900 3 2 2,350 2,350 SqFt
75 Summer St, Revere, MA, 02151 $665,000 3 2 1,133 1,133 SqFt
109 Broadsound Ave, Revere, MA, 02151 $979,999 5 3 3,500 3,500 SqFt
132 Dolphin Ave, Revere, MA, 02151 $1,199,000 4 5 2,560 2,560 SqFt
120 Dolphin, Revere, MA, 02151 $1,945,000 9 6 4,180 4,180 SqFt
11 Billow Ave #11, Revere, MA, 02151 $1,425,000 4 4 3,000 3,000 SqFt
41 Oak Island St, Revere, MA, 02151 $1,289,900 9 3 4,230 4,230 SqFt

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ByOwner last updated this listing 07/05/2026 @ 01:59

MLS: 73541931 LISTED BY: Chelsey Gallo, Lamacchia Realty, Inc. 781-917-0491 SOURCE: MLS Property Information Network

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