For sale

$799,000

116 Derby Rd, Revere, MA 02151

3beds

1,878sqft

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2 Family - 2 Units Up/Down

Built in 1929

-- sqft lot

$787,100 Zestimate^®

$425/sqft

$-- HOA

What's special

Convenient in-unit laundry

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 $5,300/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). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

1 day

331

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Features

Flooring: Tile, Hardwood
Basement: Walk-Out Access,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,878
Total interior livable area: 1,878 sqft
Finished area above ground: 1,878

Property

Parking

Total spaces: 3
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 3

Features

Patio & porch: Deck
Exterior features: Rain Gutters, Garden
Fencing: Fenced
Waterfront features: 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Lot

Size: 6,560 Square Feet

Details

Parcel number: M:28 B:438K L:23,1379146
Zoning: RB

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Up/Down

Materials

Conventional (2x4-2x6)
Foundation: Block
Roof: Shingle

Condition

Year built: 1929

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Oven

Community & HOA

Community

Features: Public Transportation, Park, Highway Access, House of Worship, Public School, T-Station

Location

Region: Revere

Financial & listing details

Price per square foot: $425/sqft
Tax assessed value: $660,100
Annual tax amount: $5,987
Date on market: 6/25/2026
Total actual rent: 5300

Estimated market value

$787,100

$748,000 - $826,000

$3,341/mo

Price history

Date	Event	Price
6/25/2026	Listed for sale	$799,000+17.5%$425/sqft
Source: MLS PIN #73541931 Report a problem
7/29/2022	Sold	$680,000-5.5%$362/sqft
Source: MLS PIN #72993743 Report a problem
6/17/2022	Contingent	$719,900$383/sqft
Source: MLS PIN #72993743 Report a problem
6/7/2022	Listed for sale	$719,900$383/sqft
Source: MLS PIN #72993743 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,987 -1%	$660,100 -0.6%
2024	$6,049 +5.7%	$664,000 +10.3%
2023	$5,724 -0.2%	$601,900 +9.2%
2022	$5,734 +2.1%	$551,300 +8.5%
2021	$5,618 +10.7%	$508,000 +2.6%
2020	$5,073 -5.2%	$495,300 +12%
2019	$5,354 +2.2%	$442,100 +9.4%
2018	$5,238 +4.4%	$404,200 +12.7%
2017	$5,020 +20.6%	$358,800 +24.5%
2016	$4,163 -2.4%	$288,100
2015	$4,264 +5.6%	$288,100 +10.9%
2014	$4,038 +3.6%	$259,700 +3.6%
2013	$3,899 +3.2%	$250,600
2012	$3,777 +4.7%	$250,600 +0.3%
2011	$3,607 +2.7%	$249,800 -4.9%
2010	$3,512 -9.7%	$262,700 -24.1%
2009	$3,889 +0.5%	$346,300 -9.3%
2008	$3,870	$382,000
2007	$3,870 +3.7%	$382,000 +3.7%
2006	$3,731 +6.2%	$368,300 +6.2%
2005	$3,514 +19.2%	$346,900 +66.5%
2004	$2,947 +4.2%	$208,300
2003	$2,829 +5.4%	$208,300
2002	$2,685 +16.1%	$208,300 +54.2%
2000	$2,313	$135,100

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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