581 & 233 Proctor & Washington Ave Revere MA 02151 MLS #73481847

581 & 233 Proctor & Washington Ave
Revere, MA, 02151
$1,489,000
7 Beds
5 Baths
6,457 SqFt
0.08 Acres
$1,489,000
581 & 233 Proctor & Washington Ave
Revere, MA, 02151
Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units 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 9% 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. .

Property Details

Price:
$1,489,000
MLS #:
73481847
Status:
Active
Beds:
7
Baths:
5
Address:
581 & 233 Proctor & Washington Ave
Type:
Multi Family
Subtype:
4 Family
City:
Revere
Listed Date:
Mar 3, 2026
State:
MA
Finished Sq Ft:
6,457
Total Sq Ft:
6,457
ZIP:
02151
Lot Size:
3,615 sqft / 0.08 acres (approx)
Year Built:
1960
Units:
4

Schools

Interior

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

Exterior

Community Features
Public Transportation, Shopping
Construction Materials
Brick
Roof
Shingle
Security Features
Security System

Financial

Net Operating Income
$118,000
Tax Year
2025
Taxes
$14,000
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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581 & 233 Proctor & Washington Ave
Revere, MA