Multifamily Home with Beach
14 Bay Rd Revere, MA 02151
For Sale
$890,000
Well-maintained multifamily home with beach views, ideal for investors.
Property Size2,172 SF
Price / SF$409.76
Days on Market98
Property Features for 14 Bay Rd
General Information
Standard status
Active
Size
2,172 SF
Property subtype
Multi Family Home
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Evolution
(978) 907-8869
Listed By:
Alvarenga & Son's Team
(978) 907-8869
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 15 at 4:59PM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This well-maintained multi-family home presents an opportunity for investors, owner-occupants, or those seeking multi-generational living. The property features beach views. Each unit offers comfortable layouts with skylights that bring in natural light, spacious kitchens, updated baths, and flexible living areas. The home includes hardwood and tile flooring, ample storage, and a move-in-ready feel. The property provides access to the beach, local restaurants, shops, and public transportation, including the Blue Line, facilitating commuting to Boston. Additional features include off-street parking and a low-maintenance lot. The property has an estimated 7.6% gross cap rate and is suitable for living, renting, or both. The property size is 2172 square feet.
Key Highlights
- Beautiful beach views
- Multi‑family home ideal for investors, owner‑occupants, or multi‑generational living
- Estimated 7.6% gross cap rate
Financial Insights For Apartment 5plus
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 | $73.0k | $33.60 |
| − Vacancy | −$4.4k | −$2.02 |
| EGI | $68.6k | $31.58 |
| − OpEx | −$30.9k | −$14.21 |
| NOI | $37.7k | $17.37 |
2,172 SF · lease $33.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$539.0K
$471.6K – $628.8K
NOI $37,730 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,007 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained multifamily home with beach views, ideal for investors.
Where is this multifamily property located?
The property is located at 14 Bay Rd Revere, MA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Beautiful beach views; Multi‑family home ideal for investors, owner‑occupants, or multi‑generational living; Estimated 7.6% gross cap rate
