Two-Family Residential Income
122 Lantern Rd Revere, MA 02151
122 Lantern Rd, Revere, MA, 02151
$849,000
For Sale
$849,000
Two-unit duplex with open-concept main living and separate layout featuring multiple bedrooms and two full baths.
Property Size2,689 SF
Price / SF$315.73
Days on Market92
Property Features for 122 Lantern Rd
General Information
- Standard status
- Active
- Size
- 2,689 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1968
Listing agency
Perlera Real Estate
(617) 970-6278
Listed by
Arquimides Chinchilla
Source
Cjbarrett
Added: Apr 22 Updated: Jul 22 at 1:55AM Checked: Jul 22 at 1:55AM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
This two-family duplex offers two separate units. Unit 1 includes three rooms with an open-concept kitchen and living room layout. Unit 2 is configured across two living levels and features three to four bedrooms along with two full bathrooms.
The property is located in west Revere with proximity to Route 1A and is approximately 10 minutes to Boston, with Northgate Shopping Plaza nearby.
For sale with delivery vacant at closing, providing flexibility for an owner-occupant or investor seeking immediate possession.
The property is located in west Revere with proximity to Route 1A and is approximately 10 minutes to Boston, with Northgate Shopping Plaza nearby.
For sale with delivery vacant at closing, providing flexibility for an owner-occupant or investor seeking immediate possession.
Key Highlights
- Year built 1968 two‑unit duplex in West Revere.
- Unit 1 offers 3 rooms with an open‑concept kitchen and living room layout.
- Unit 2 includes multiple bedrooms across two living levels and 2 full baths.
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 | $77.4k | $28.80 |
| − Vacancy | −$4.3k | −$1.58 |
| EGI | $73.2k | $27.22 |
| − OpEx | −$22.0k | −$8.16 |
| NOI | $51.2k | $19.05 |
2,689 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.8K
$640.4K – $853.8K
NOI $51,229 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$667.3K
$583.9K – $778.5K
NOI $46,711 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,431 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with open-concept main living and separate layout featuring multiple bedrooms and two full baths.
Where is this duplex located?
The property is located at 122 Lantern Rd Revere, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Year built 1968 two‑unit duplex in West Revere.; Unit 1 offers 3 rooms with an open‑concept kitchen and living room layout.; Unit 2 includes multiple bedrooms across two living levels and 2 full baths.
