Three-Unit Residential Income
New
For Sale
$1,298,000
1661 N Shore Rd., Revere, MA 02151
Residential Income, Revere, MA
Property Size3,459 SF
Lot Size0.07 Acres
Price / SF$375.25
Days on Market1
Property Features for 1661 N Shore Rd.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1
Elementary school
Garfield
Middle school
Garfield
High school
Revere High School
Directions
Winthrop Ave to North Shore Rd
Standard status
Active
APN
1367374
Size
3,459 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8700
Building Details
Year built
1920
Floors in Building
6
Number of units
3
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
Listed By:
John Veneziano
(781) 395-7676
Added: Nov 2
Last Checked: Nov 2 at 11:06PM
MLS# 73597952
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residential income property in Revere contains 3,459 square feet on a 0.0674-acre lot. Built in 1920, the building has separate utilities for each unit and is zoned RB.
The property is near Revere Beach and the Revere Beach and Beachmont MBTA Blue Line stations, with Route 1A and Logan International Airport also in the surrounding area. Restaurants, shopping, and everyday services are nearby.
The property is near Revere Beach and the Revere Beach and Beachmont MBTA Blue Line stations, with Route 1A and Logan International Airport also in the surrounding area. Restaurants, shopping, and everyday services are nearby.
Key Highlights
- Three units with separate utilities
- 3,459 square feet on a 0.0674‑acre lot
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,898
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,960
$1.3M
Cap Rate 7%
$941,400
$941.4K
Cap Rate 9%
$732,200
$732.2K
Market Conditions
NOI Build-Up for 3,459 SF
Gross rent
$99.6K $28.80/SF
− Vacancy
−$5.5K −$1.58/SF
EGI
$94.1K $27.22/SF
− OpEx
−$28.2K −$8.16/SF
NOI
$65.9K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,960
Cap Rate 7%
$941,400
Cap Rate 9%
$732,200
Alternative Uses
Best Use
Multifamily LT 5
$941.4K
$823.7K – $1.10M
NOI $65,898 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$858.4K
$751.1K – $1.00M
NOI $60,087 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,340 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities serve each apartment, supporting independent household use.
Where is this triplex located?
The property is located at 1661 N Shore Rd. Revere, MA.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Three units with separate utilities; 3,459 square feet on a 0.0674‑acre lot; Built in 1920
