Fully Renovated Three-Family
1661 N Shore Rd Revere, MA 02151
1661 N Shore Rd, Revere, MA, 02151
$1,299,900
For Sale
$1,299,900
MULTI_FAMILY - Revere, MA
Property Size3,459 SF
Lot Size0.07 Acres
Price / SF$375.80
Days on Market72
Property Features for 1661 N Shore Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 9, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 5
- Standard status
- Active
- APN
- 1367374
- Size
- 3,459 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8163
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
Listing agency
REMAX Andrew Realty Services
(781) 395-7676
Listed by
John Veneziano
(781) 395-7676
Added: May 13 Updated: Jul 15 at 1:18AM Checked: Jul 23 at 6:06AM
MLS# 73518556
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated three-family residence offers three spacious units, each featuring three bedrooms with updated kitchens and updated bathrooms and modern finishes. The units are separately metered with separate utilities, supporting straightforward day-to-day management for both investors and owner-occupants.
Located in Revere, the property is just minutes from the MBTA Blue Line, providing access to the Revere Beach and Beachmont stations. It also offers nearby access to Route 1A and Logan Airport, with close proximity to Revere Beach and a selection of local restaurants, coffee shops, and retail options.
The property sits on zoning RB, and is presented as a turnkey, well-maintained income-producing opportunity within an established commuter and coastal area.
Located in Revere, the property is just minutes from the MBTA Blue Line, providing access to the Revere Beach and Beachmont stations. It also offers nearby access to Route 1A and Logan Airport, with close proximity to Revere Beach and a selection of local restaurants, coffee shops, and retail options.
The property sits on zoning RB, and is presented as a turnkey, well-maintained income-producing opportunity within an established commuter and coastal area.
Key Highlights
- Three‑family property built in 1920
- Fully renovated and well‑maintained with separate utilities for each unit
- Each unit offers 3 bedrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.6k | $28.80 |
| − Vacancy | −$5.5k | −$1.58 |
| EGI | $94.1k | $27.22 |
| − OpEx | −$28.2k | −$8.16 |
| NOI | $65.9k | $19.05 |
3,459 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$941.4K
$823.7K – $1.10M
NOI $65,898 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$858.4K
$751.1K – $1.00M
NOI $60,087 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,340 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-family property with three-bedroom units, updated kitchens and baths, and separate utilities.
Where is this triplex located?
The property is located at 1661 N Shore Rd Revere, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Three‑family property built in 1920; Fully renovated and well‑maintained with separate utilities for each unit; Each unit offers 3 bedrooms
