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Kelsey Fontes

kelsey.fontes@engelvoelkers.com +1(781) 439-7035

$ 1,415,000

Est. payment -/mo

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Price Dropped by $74K

581 & 233 Proctor & Washington Ave Revere, MA 02151

7 Beds

5 Baths

6,457 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,457 sqft

Price per Sqft $219

MLS Listing ID 73481847

Bedrooms 7

Full Baths 4

Half Baths 2

Year Built 1960

Annual Tax Amount $14,000

Tax Year 2025

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type 4 Family

Property Description

Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .

Location

State MA

County Suffolk

Zoning Mixed Use

Direction Washington - Proctor

Interior

Interior Features Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den

Heating Baseboard, Natural Gas

Cooling None, Wall Unit(s)

Flooring Wood, Tile

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Range, Microwave, Refrigerator, Dishwasher, Other

Exterior

Community Features Public Transportation, Shopping

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Story 4

Foundation Slab

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Trinity Real Estate

Kelsey Fontes

Advisor

+1(781) 439-7035

Kelsey Fontes

581 & 233 Proctor & Washington Ave Revere, MA 02151

Key Details

Location

Interior

Exterior

Building

Others

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581 & 233 Proctor & Washington Ave