2 Family - 2 Units Up/Down at 116 Derby Rd, Revere MA 02151, Revere
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$799,000

116 Derby Rd, Revere MA 02151
Revere, MA 02151
Listed by Chelsey Gallo
Bedrooms
3
Bathrooms
2
Living area
1,878 sqft
Year built
1929

About this home

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

MLS #
73541931
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
62
On market date
June 25, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
3
Lot size
0.15 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
A. C. Whelan Elementary School
0.51 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
753
Student:teacher ratio
13.9:1
District
Revere
Middle
Susan B. Anthony Middle School
0.52 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
11.1:1
District
Revere
High
Revere High
0.98 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,996
Student:teacher ratio
13.3:1
District
Revere

Mortgage calculator

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Est. monthly payment
$4,962/mo
$159,800 down
$639,200 loan
Principal & interest$4,146
Property tax (est.)$666
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 24 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.