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    419 Lee Burbank Hwy Revere, MA 02151

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    For Sale
    $1,595,000

    20 market-rate apartments near Boston with development approvals.

    Lot size:
    0.26 Acres

    Property Features for 419 Lee Burbank Hwy

    General Information

    Lot size
    0.26 Acres

    Source: Pasciuto and Associates Agent Frank Pasciuto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Revere Multifamily Investment Opportunity

    This is an investment opportunity featuring 20 market-rate apartments. The property is located at 419 Lee Burbank Highway in Revere, MA. All units are market-rent apartments without any affordability restrictions. The location provides convenient transit access, being minutes away from Logan International Airport via the MBTA Blue Line. The property benefits from a prime location with easy highway access to Route 1A, Route 60, and I-90. It is situated close to Revere Beach, shopping centers, restaurants, and Boston employment hubs. The rental market overview for the Revere/East Boston Corridor indicates that studios and one-bedroom units command rents in the $2,800+ range monthly. Investment advantages include no affordability restrictions, commuter convenience with a 10-minute commute to Logan Airport and 15 minutes to Downtown Boston, and transit-oriented growth as Revere experiences strong housing demand due to tightening housing near Boston. The property is sold with all approvals and architectural plans in place. There is upside potential, with rents expected to rise 35% annually given limited new supply.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Revere
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0019493
    Latitude
    42.4055497

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    FAQs

    What type of property is this?
    Apartment building - 20 market-rate apartments near Boston with development approvals.
    Where is this apartment building located?
    The property is located at 419 Lee Burbank Hwy Revere, MA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Approved development with architectural plans in place for 20 market-rate apartments.; - No affordability restrictions; all units can capture full market rents.; - Prime location with easy highway access (Route 1A, Route 60, I-90).
    (781) 883-0707
    Request Owner's contact information
    419 Lee Burbank Hwy Revere, MA 02151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    419 Lee Burbank Hwy Revere, MA 02151
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