Under Agreement
233 Proctor Ave, Revere, MA
Revere · MA 02151
- $1,399,000
- Price
- 7
- Beds
- 5
- Baths
- 6457
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
4 Units
Lot size:
3,615 Sq.Ft Lot
Price per square foot:
$217 / Sq.Ft
Parking:
5 Off Street Spaces
About this home
BACK ON MARKET – MIXED-USE INVESTMENT OPPORTUNITY! Solid brick 4-unit property offering strong residential and commercial income. Commercial space consists of a 2,000+ sq. ft. dance studio with a long-term tenant of approximately 39 years and lease through 2029. Three residential units include two 2-bedroom units and one 3-bedroom unit with office/den. Residential units are Section 8 with delead certificates in hand. Currently operating at approximately an 8% cap rate. Common laundry and 3 off-street parking spaces. Excellent cash flow, established tenants and multiple income streams make this a solid addition to an investor’s portfolio. All financials, leases, and lead certs available after accepted offer.
Neighborhood & Transit
233 Proctor Ave, Revere · MA 02151
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 246 days
- Listing Price:
- $1,399,000
- Price per Sq.Ft:
- $217
- Tax Assessment:
- $1,126,500 in 2025
- Taxes:
- $1,167 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 4
- Half Bathrooms
- 2
- Living Area
- 6,457 Sq.Ft
- Broker Disclosure about Living Area
- Some info differs from public record because of Dance Studio; pictures taken when units were vacant
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6457
- Flooring
- Unknown
- Lead paint
- None
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 3,615 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 5 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Annemarie Torcivia
- Listing office
- Trinity Real Estate
- MLS PIN #
- 73481847
- Disclosure
- Sellers will paint trim and put plantings before closing.
- Disclosure
- Some info differs from public record because of Dance Studio; pictures taken when units were vacant
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