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Building Details

Year Built 1920

Listing Agency: EVO Real Estate Group,LLC

Listed By: Cristofer Aguirre Show Phone

Source: Jmulkerinrealty

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 14 at 10:46PM

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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 EVO Real Estate Group,LLC

Investment Insights

Based on property information with market context.

This 3,272-square-foot multifamily property was built in 1920. Plumbing throughout, along with the HVAC and water systems, received updates within the past few years.

The property is in Revere’s Beachmont neighborhood, near a neighborhood school, Revere Beach, and the Beachmont MBTA Blue Line Station. The station provides access to Downtown Boston, Logan Airport, and East Boston. The Suffolk Downs redevelopment is also nearby, with residential, retail, dining, and public-space plans described for the area.

Key Highlights

• 3,272‑square‑foot multifamily property
• Built in 1920
• Plumbing throughout, HVAC, and water systems updated within the past few years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,839

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,136,780 $1.1M

Cap Rate 7%

$811,986 $812.0K

Cap Rate 9%

$631,544 $631.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,272 SF

Gross rent

$109.9K $33.60/SF

− Vacancy

−$6.6K −$2.02/SF

EGI

$103.3K $31.58/SF

− OpEx

−$46.5K −$14.21/SF

NOI

$56.8K $17.37/SF

Area

Suffolk County, MA

Vacancy

6.00%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,136,780

Cap Rate 7%

$811,986

Cap Rate 9%

$631,544

Alternative Uses

Best Use

Apartment 5plus

$812.0K

$710.5K – $947.3K (±1% cap)

NOI $56,839 @ 7.0% cap · market cap 4.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,591 @ 7.0% cap · market cap 11.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Electrical Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Plumbing, HVAC, and water systems have been updated in recent years.

Where is this multifamily property located?

The property is located at 12 Montfern Avenue Revere, MA.

What is the asking price?

The asking price for this property is $1,199,900.

What are key features of this property?

This property features: 3,272‑square‑foot multifamily property; Built in 1920; Plumbing throughout, HVAC, and water systems updated within the past few years