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120 Dolphin Ave. Revere, Massachusetts 120 Dolphin Ave 6 Unit Apartment Building $1,945,000 ($324,167/Unit) 6% Cap Rate Revere, MA 02151



Investment Highlights
- Fully occupied 6-unit multifamily investment property
- Strong in-place rental income with value-add potential
Executive Summary
Presenting a rare opportunity to acquire a fully occupied 6-unit multifamily property just moments from Revere Beach. Situated on a level lot with two driveway entrances and ample off-street parking, this investment offers strong in-place income with future upside. Current monthly rent roll is $12,100 with as-is pro forma rents projected to be at least $14,400/month, plus there is an approximately $2,000 annually in laundry income. Property features potential expansion for 2 additional units on the top level. Conveniently located near public transit with train access to Boston, major highways, shopping, dining, and a playground 1 block away on the same street. Excellent opportunity for investors seeking cash flow, appreciation, and long-term value add potential. Sellers reserve the right to accept an offer at anytime.
Property Facts
| Price | $1,945,000 | Building Class | A |
| Price Per Unit | $324,167 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,180 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.21 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RB | ||
| Price | $1,945,000 |
| Price Per Unit | $324,167 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 13.21 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Lot Size | 0.19 AC |
| Building Size | 4,180 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | RB |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,200 | - |
| 2+1 | 3 | $2,600 | - |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | REVE-000002-000053-000013 | Improvements Assessment | $1,023,600 |
| Land Assessment | $271,900 | Total Assessment | $1,295,500 |
Property Taxes
Parcel Number
REVE-000002-000053-000013
Land Assessment
$271,900
Improvements Assessment
$1,023,600
Total Assessment
$1,295,500
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120 Dolphin Ave. Revere, Massachusetts | 120 Dolphin Ave
