Fully Renovated 3-Family
149 Mountain Ave Revere, MA 02151
149 Mountain Ave, Revere, MA, 02151
$1,199,990
For Sale
$1,199,990
Turn-key, fully renovated three-family with updated kitchens and baths, coin-op laundry, and a shared yard.
Property Size3,453 SF
Price / SF$347.52
Days on Market76
Property Features for 149 Mountain Ave
General Information
- Standard status
- Active
- Size
- 3,453 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing agency
eXp Realty
(404) 689-4408
Listed by
The Denman Group · License #H-63985
Source
Cjbarrett
Added: May 7 Updated: Jul 20 at 7:23PM Checked: Jul 20 at 7:23PM
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 eXp Realty
Investment Insights
Based on property information with market context.
149 Mountain Ave is a fully renovated three-family residence offering bright, sun-filled units with refinished hardwood floors and recessed lighting throughout. Each unit includes updated kitchens and baths, with open, well-appointed floor layouts and generous room sizes. Unit 2 features a bonus enclosed rear porch for additional flexible living space. The building also includes new forced hot air heating systems, updated electrical and plumbing, coin-op laundry in the basement, and extra basement storage. A shared yard and rear deck provide outdoor space for tenants.
The property is located minutes from Revere Beach with easy access to the MBTA Blue Line, Routes 1 and 16, and downtown Boston.
Unit 2 will be delivered vacant, while Units 1 and 3 are leased through 8/31/26.
The property is located minutes from Revere Beach with easy access to the MBTA Blue Line, Routes 1 and 16, and downtown Boston.
Unit 2 will be delivered vacant, while Units 1 and 3 are leased through 8/31/26.
Key Highlights
- Fully renovated 3‑family with updated kitchens and baths in every unit
- Refinished hardwood floors and recessed lighting throughout
- New forced hot air systems plus updated electrical and plumbing
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 | $99.4k | $28.80 |
| − Vacancy | −$5.5k | −$1.58 |
| EGI | $94.0k | $27.22 |
| − OpEx | −$28.2k | −$8.16 |
| NOI | $65.8k | $19.05 |
3,453 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$939.8K
$822.3K – $1.10M
NOI $65,784 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$856.9K
$749.8K – $999.7K
NOI $59,983 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,091 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turn-key, fully renovated three-family with updated kitchens and baths, coin-op laundry, and a shared yard.
Where is this triplex located?
The property is located at 149 Mountain Ave Revere, MA.
What is the asking price?
The asking price for this property is $1,199,990.
What are key features of this property?
This property features: Fully renovated 3‑family with updated kitchens and baths in every unit; Refinished hardwood floors and recessed lighting throughout; New forced hot air systems plus updated electrical and plumbing
