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    6 Garfield Ave Revere, MA 02151

    For Sale
    $2,400,000

    Renovated 5-unit multifamily property near Revere Beach and Blue Line.

    Lot size:
    0.07 Acres

    Property Features for 6 Garfield Ave

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1910

    Source: Century 21 Limitless Agent Adam Gluzman

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

    Overview

    Revere Multifamily with Ocean Views

    This is a five-unit multifamily property in Revere that was fully gut-renovated in 2024. The property is located steps from Revere Beach and the Blue Line. The unit breakdown includes one four-bedroom, two-bathroom unit; one two-bedroom, one-bathroom unit; and three one-bedroom, one-bathroom units. There are five parking spots available. The property was renovated top-to-bottom in 2024 to condo-level quality and features energy-efficient systems. The property has a strong tenant base with no building issues. Two top-floor one-bedroom units offer direct ocean views. It is located one minute walk to the Blue Line T and close to Shirley Ave shops & restaurants, and just eight minutes to Suffolk Downs. The parking is not currently monetized, representing a potential upside.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -70.9925221
    Latitude
    42.4064187

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    FAQs

    What type of property is this?
    Apartment building - Renovated 5-unit multifamily property near Revere Beach and Blue Line.
    Where is this apartment building located?
    The property is located at 6 Garfield Ave Revere, MA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Fully gut-renovated in 2024 to condo-level quality, ensuring a modern and appealing living experience.; - Prime location steps from Revere Beach and the Blue Line, offering convenient access to recreation and transportation.; - Strong income potential with a current yearly rent roll of $173,400 and potential for increased revenue by monetizing parking.
    (857) 225-7226
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    6 Garfield Ave Revere, MA 02151
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    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
    6 Garfield Ave Revere, MA 02151
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