+27 more

32 photos

$799,000

116 Derby Rd, Revere MA 02151

Revere, MA 02151

Listed by Chelsey Gallo

Bedrooms

Bathrooms

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: 57
On market date: June 25, 2026
Stories: 2
Garage spaces: N/A
Lot size: 0.15 acres

Location

Get directions →

Loading map…

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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

Property tax

% / yr

Home insurance

/mo

Est. monthly payment

$4,962/mo

$159,800 down

$639,200 loan

Principal & interest$4,146

Property tax (est.)$666

Home insurance (est.)$150

Similar homes you might like

New

$675,000

151 School, Revere MA 02151

Revere, 02151

3 bd·2 ba·2,532 sqft

Listed by Jenna DeRose

$859,900

92 Newman St, Revere MA 02151

85 Arlington, Revere MA 02151

Revere, 02151

7 bd·3 ba·5,050 sqft

Listed by Team Bedoya

$799,999

237 American Legion Hwy, Revere MA 02151

Revere, 02151

4 bd·2 ba·2,048 sqft

Listed by Edgar Rodriguez

$699,999

43 Dashwood St, Revere MA 02151

Revere, 02151

4 bd·4 ba·1,960 sqft

Listed by Kerry Webber

$824,999

38 Barrett St, Revere MA 02151

Revere, 02151

5 bd·3 ba·2,216 sqft

Listed by Michael Forcillo

$799,000

67 Neponset St, Revere MA 02151

Revere, 02151

4 bd·2 ba·1,760 sqft

Listed by Tina Crowley

$649,000

831 North Shore Road, Revere MA 02151

Revere, 02151

2 bd·2 ba·2,065 sqft

Listed by Maria Fabiano

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 18 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.