Vacant Two-Unit
116-118 Asti Ave, Revere, MA 02151
For Sale
New
$779,900
Pending
The two-unit layout includes matching three-bedroom residences and off-street parking.
Property Size2,040 SF
Days on Market4
Property Features for 116-118 Asti Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
spacious backyard
Balcony
Fruit Trees
Garden
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Carolina Flores
(857) 413-0627
Source:
Isosrealty
Added: Nov 11
Last Checked: Nov 13 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with three bedrooms and one full bathroom. Together, the units provide approximately 2,040 square feet of living area. The property has a brick exterior and a backyard, with off-street parking for approximately 4–6 vehicles. Both units will be delivered vacant.
Built in 1930, the property is zoned RB and sits just off Route 1 in Revere.
Built in 1930, the property is zoned RB and sits just off Route 1 in Revere.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- Approximately 2,040 square feet of total living space
- Both units to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,864
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,280
$777.3K
Cap Rate 7%
$555,200
$555.2K
Cap Rate 9%
$431,822
$431.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$58.8K $28.80/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$55.5K $27.22/SF
− OpEx
−$16.7K −$8.16/SF
NOI
$38.9K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,280
Cap Rate 7%
$555,200
Cap Rate 9%
$431,822
Alternative Uses
Best Use
Multifamily LT 5
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,537 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Suffolk County, MA
Properties on Market for Duplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes matching three-bedroom residences and off-street parking.
Where is this duplex located?
The property is located at 116-118 Asti Ave Revere, MA.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; Approximately 2,040 square feet of total living space; Both units to be delivered vacant
