$1,415,000
233 Washington Ave
Revere, MA, 02151
Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 8% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
Property Details
Price:
$1,415,000
MLS #:
73481847
Status:
Active
Beds:
7
Baths:
5
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Mar 3, 2026
Finished Sq Ft:
6,457
Total Sq Ft:
6,457
Lot Size:
3,615 sqft / 0.08 acres (approx)
Year Built:
1960
Units:
4
Schools
Interior
Above Grade Finished Area
6457
Appliances
Range, Microwave, Refrigerator, Dishwasher, Other
Bathrooms
4 Full Bathrooms, 2 Half Bathrooms
Cooling
None, Wall Unit(s)
Fireplaces Total
1
Flooring
Wood, Tile
Heating
Baseboard, Natural Gas
Interior Features
Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
Levels
4
Exterior
Community Features
Public Transportation, Shopping
Construction Materials
Brick
Lot Features
Corner Lot
Roof
Shingle
Security Features
Security System
Stories
4
Window Features
Picture Window
Financial
Tax Year
2025
Taxes
$14,000
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…
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Current real estate data for Multi Family in Revere as of May 19, 2026
44
Multi Family Listed
101
Avg DOM
365
Avg $ / SqFt
$1,103,574
Avg List Price
Community
- Address233 Washington Ave Revere MA
- CityRevere
- CountySuffolk
- Zip Code02151
Subdivisions in Revere
Similar Listings Nearby
Property Summary
- 233 Washington Ave Revere MA is a Multi Family for sale in Revere, MA, 02151. It is listed for $1,415,000 To schedule a showing of MLS#73481847 at 233 Washington Ave in Revere, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Trinity Real Estate. 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.
233 Washington Ave
Revere, MA