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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.

Attachments

DOLPHIN financials

Property Facts

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
  • Multifamily Apartments
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 -
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
REVE-000002-000053-000013
Land Assessment
$271,900
Improvements Assessment
$1,023,600
Total Assessment
$1,295,500
  • Listing ID: 40680566

  • Date on Market: 5/27/2026

  • Last Updated:

  • Address: 120 Dolphin Ave, Revere, MA 02151

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