Renovated Two-Family
150 Rumney Road Revere, MA 02151
150 Rumney Road, Revere, MA, 02151
$1,100,000
For Sale
$1,100,000
Completely renovated two-family home with central AC, in-unit laundry, and off-street parking on a corner lot.
Property Size3,558 SF
Price / SF$309.16
Days on Market156
Property Features for 150 Rumney Road
General Information
- Standard status
- Active
- Size
- 3,558 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1930
Listing agency
Charlesgate Realty Group, llc
(617) 587-0100
Listed by
Mary Ann Cash · License #70792
(617) 587-0100
Source
Compass
Added: Feb 15 Updated: Jul 20 at 4:54PM Checked: Jul 21 at 6:10AM
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 Charlesgate Realty Group, llc
Investment Insights
Based on property information with market context.
This completely renovated two-family residence offers two distinct living setups. Unit One features a four-bedroom, one-bath layout. Unit Two is configured like a single-family home, spanning two levels with six bedrooms and two full bathrooms. Both units include a fully applianced kitchen with a living/dining area, and hardwood floors are noted in the living spaces. Additional conveniences include in-unit laundry, central AC, and off-street parking, along with a landscaped yard.
Located on a corner lot at 150 Rumney Road in Revere, the property is described as close to shopping, schools, and highway access.
Unit Two is presented as ready for occupancy, while Unit One is described as generating rental income. The floor plans also provide space suitable for work-from-home or extended-family use.
Located on a corner lot at 150 Rumney Road in Revere, the property is described as close to shopping, schools, and highway access.
Unit Two is presented as ready for occupancy, while Unit One is described as generating rental income. The floor plans also provide space suitable for work-from-home or extended-family use.
Key Highlights
- Completely renovated 2‑family home (2023) with central AC, in‑unit laundry, and off‑street parking
- Corner lot with landscaped yard; frame construction and rubber roof
- Unit 1: 4 bedrooms, 1 full bathroom; includes range, dishwasher, disposal, refrigerator, washer and dryer hookups
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 | $102.5k | $28.80 |
| − Vacancy | −$5.6k | −$1.58 |
| EGI | $96.8k | $27.22 |
| − OpEx | −$29.1k | −$8.16 |
| NOI | $67.8k | $19.05 |
3,558 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$968.3K
$847.3K – $1.13M
NOI $67,784 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$883.0K
$772.6K – $1.03M
NOI $61,807 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,443 @ 7.0% cap · market cap 13.40%
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 - Completely renovated two-family home with central AC, in-unit laundry, and off-street parking on a corner lot.
Where is this duplex located?
The property is located at 150 Rumney Road Revere, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Completely renovated 2‑family home (2023) with central AC, in‑unit laundry, and off‑street parking; Corner lot with landscaped yard; frame construction and rubber roof; Unit 1: 4 bedrooms, 1 full bathroom; includes range, dishwasher, disposal, refrigerator, washer and dryer hookups
