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.
West Revere, located between the Saugus River marshes and the Oak Island area, is a residential and commuter-friendly Revere neighborhood with tree-lined side streets and pockets of salt-marsh scenery. The neighborhood’s character concentrates around the Broadway corridor near Bell Circle, where corner markets, long-running eateries, and everyday services keep the sidewalks active. Triple-deckers and mid-century capes mix with newer infill, giving blocks a practical, lived-in architectural rhythm. The Saugus River Greenway’s paths and overlooks add a nature-forward counterpoint to the busier arterials. The New Deal Fruit stand and the longstanding New England Soup Factory serve as local touchstones for food-focused errands. Revere High School and nearby playing fields anchor civic life and weekend routines.
Provided by Walk Score and Local Logic
Offer insights
116 Derby Rd · $799,000
$800K and above
75% chance or better to win
Why $800K+ is a strong offer
DAYS ON MARKET
64 days
The average home goes pending in 21 days.
SALE-TO-LIST
98.9%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Storage
Walk-out unfinished basement
Bathrooms
2 full bathrooms
Flooring
Tile flooring
Hardwood flooring
Heating & cooling
Oil heating
Natural gas heating
Has heating
Exterior features
Fenced yard
Deck
Rain gutters
Garden
0 to 1/10 mile to public beach
Public beach access
Home design
Two-family up/down style
2 stories
Beige exterior
Parking
3 off-street paved parking spaces
Construction
Built (year per public records)
Conventional (2x4–2x6) construction
Block foundation
Shingle roof
Utilities
Public water
Public sewer
200+ amp electric service
Gas hookups for range and oven
HOA & community
Community features include public transportation, park access, highway access, house of worship, public school, and T-Station
Not a senior community
Other
Property type: 2-family (2 units up/down)
Total above-grade finished area: 1,878
Total building area: 1,878
Lot size approx. 0.15 acres
Public road frontage
9 total rooms
Active listing status
Electricity and solar
View estimated energy costs and solar savings for this home
First Open House Sun 6/12/ 12:30- 2:00 First Open House Sun 6/12/ 12:30 - 2:00 No Showings till 1st open house. Come and see this meticulously maintained two-family home in West Revere. This home boasts a beautiful renovation of the main unit and a gorgeous Brand new all-white Kitchen with all new appliances including a built-in microwave and dishwasher.. Gleaming Hardwood flooring in every room and lots of sunlight too. There is a gorgeous fenced-in completely level yard and 3 cars off-street parking. The second unit (Upstairs) is modern and well kept and should rent for top dollar, it consists of a 1 bedroom living room and eat-in Kitchen. The walk-in basement is in excellent condition and is also well kept. maybe you could make additional space downstairs. Check with the town hall. Washer dryer hook up (machines are new and could be negotiable)
Year
Property tax
Land + Additions
Assessment*
2023
$5,724 (−0.2%)
$230,500 + $371,400
$601,900
2022
$5,734 (+2.1%)
$219,100 + $332,200
$551,300
2021
$5,618 (+0.7%)
$202,900 + $305,100
$508,000
2020
$5,577 (+4.2%)
$202,900 + $292,400
$495,300
2019
$5,354 (+2.2%)
$185,000 + $257,100
$442,100
2018
$5,238 (+4.3%)
$167,200 + $237,000
$404,200
2017
$5,020 (+20.6%)
$146,100 + $212,700
$358,800
2016
$4,163 (−2.4%)
$133,100 + $155,000
$288,100
2015
$4,264 (+5.6%)
$133,100 + $155,000
$288,100
2014
$4,038 (+3.6%)
$116,900 + $142,800
$259,700
2013
$3,899 (+3.2%)
$116,900 + $133,700
$250,600
2012
$3,777 (+4.7%)
$116,900 + $133,700
$250,600
2011
$3,607 (+2.7%)
$116,900 + $132,900
$249,800
2010
$3,512 (−9.7%)
$129,800 + $132,900
$262,700
2009
$3,889
$138,000 + $208,300
$346,300
Public record
Public record
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
6,534 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,878
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,878
Year built
1929
Style
Multi-Family (2-4 Unit)
County
Suffolk County
APN
1379146
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Apr 9, 2024 • Final
Electrical
Electrical
Electric meter
Sep 7, 2023 • Final
Gas
Gas
Kitchen
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
67% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Revere, MA • 02151
Average low and high temperatures (°F)
34
21
37
22
51
33
58
41
68
51
79
62
84
68
79
63
74
58
64
47
53
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 116 Derby Rd
$794,556
$4,444 under list price of $799K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $715K to $920K.