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473 Revere Beach Pky 8 Unit Apartment Building $3,250,000 ($406,250/Unit) 6% Cap Rate Revere, MA 02151
Investment Highlights
- Eight Residential Units | Built 2014
- Separately Metered Utilities for Electric, Gas & Water
- Private Decks and Garage Parking
- 2-bedroom, 1-bathroom Floorplans
- Elevator access, Video Intercom System, and Secure Entry
- Minutes to Revere Beach, Logan Airport, and Downtown Boston
Executive Summary
Northeast Private Client Group is pleased to present the Revere Beach Parkway Apartments located at 473 Revere Beach Pkwy, Revere, MA.
This turnkey multifamily apartment building features eight modern two-bedroom, 1-bath units approximately 1,050 SF. Each unit has contemporary finishes, including beautiful bamboo flooring, ceiling fans, and large open concept living/dining/kitchen areas. The kitchens are equipped with eat-in spaces, breakfast bars, and island/peninsula configurations, complemented by programmable underfloor warming systems in both the kitchen and bathroom. Additional amenities include in-unit laundry, central heat and A/C, video intercom systems, and elevator access.
Strong transit connectivity with multiple MBTA bus routes at the doorstep and the Blue Line (Revere Beach Station) within walking distance. Ideal for an investor seeking low-maintenance income or a 1031 exchange. All interested and qualified parties will have the opportunity to tour the building along with obtaining additional information upon request.
This turnkey multifamily apartment building features eight modern two-bedroom, 1-bath units approximately 1,050 SF. Each unit has contemporary finishes, including beautiful bamboo flooring, ceiling fans, and large open concept living/dining/kitchen areas. The kitchens are equipped with eat-in spaces, breakfast bars, and island/peninsula configurations, complemented by programmable underfloor warming systems in both the kitchen and bathroom. Additional amenities include in-unit laundry, central heat and A/C, video intercom systems, and elevator access.
Strong transit connectivity with multiple MBTA bus routes at the doorstep and the Blue Line (Revere Beach Station) within walking distance. Ideal for an investor seeking low-maintenance income or a 1031 exchange. All interested and qualified parties will have the opportunity to tour the building along with obtaining additional information upon request.
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Property Facts
| Price | $3,250,000 | Building Class | C |
| Price Per Unit | $406,250 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 10,400 SF |
| Cap Rate | 6% | No. Stories | 5 |
| No. Units | 8 | Year Built | 2014 |
| Property Type | Multifamily | Parking Ratio | 0.48/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | GB | ||
| Price | $3,250,000 |
| Price Per Unit | $406,250 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 10,400 SF |
| No. Stories | 5 |
| Year Built | 2014 |
| Parking Ratio | 0.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GB |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Hardwood Floors
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Elevator
- Smoke Detector
1 1
Property Taxes
| Parcel Number | REVE-000007-000122C-000003 | Improvements Assessment | $3,307,200 |
| Land Assessment | $301,700 | Total Assessment | $3,608,900 |
Property Taxes
Parcel Number
REVE-000007-000122C-000003
Land Assessment
$301,700
Improvements Assessment
$3,307,200
Total Assessment
$3,608,900
Contacts
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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473 Revere Beach Pky
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