$799,000
116 Derby Rd
Revere, MA, 02151
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 $5,400/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). Remaining 11-month lease in place for Unit 2 (June 2027). Some photos may be virtually enhanced.
Property Details
Price:
$799,000
MLS #:
73541931
Status:
Active
Beds:
3
Baths:
2
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Listed Date:
Jun 25, 2026
Finished Sq Ft:
1,878
Total Sq Ft:
1,878
Lot Size:
6,560 sqft / 0.15 acres (approx)
Year Built:
1929
Units:
2
Schools
Interior
Above Grade Finished Area
1878
Bathrooms
2 Full Bathrooms
Flooring
Tile, Hardwood
Heating
Oil, Natural Gas
Interior Features
Storage
Levels
2
Exterior
Community Features
Public Transportation, Park, Highway Access, House of Worship, Public School, T-Station
Construction Materials
Conventional (2×4-2×6)
Exterior Features
Rain Gutters, Garden
Fencing
Fenced
Open Parking Spaces
3
Open Parking YN
1
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
3
Parking Total
3
Patio And Porch Features
Deck
Roof
Shingle
Stories
2
Waterfront Features
0 to 1/10 Mile To Beach, Beach Ownership(Public)
Financial
Tax Year
2025
Taxes
$5,987
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Current real estate data for Multi Family in Revere as of Aug 07, 2026
38
Multi Family Listed
126
Avg DOM
364
Avg $ / SqFt
$1,088,863
Avg List Price
Community
- Address116 Derby Rd Revere MA
- CityRevere
- CountySuffolk
- Zip Code02151
Subdivisions in Revere
Similar Listings Nearby
Property Summary
- 116 Derby Rd Revere MA is a Multi Family for sale in Revere, MA, 02151. It is listed for $799,000 To schedule a showing of MLS#73541931 at 116 Derby Rd in Revere, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of RE/MAX Andrew Realty Services. 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.
116 Derby Rd
Revere, MA