Two-Family Residential Income
20 Irving Street Revere, MA 02151
20 Irving Street, Revere, MA, 02151
$855,000
For Sale
$855,000
Two-unit duplex with in-unit laundry, three parking spaces, and flexible living space plus a bonus room.
Property Size2,249 SF
Price / SF$380.17
Days on Market54
Property Features for 20 Irving Street
General Information
- Standard status
- Active
- Size
- 2,249 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1985
Listing agency
Panche Real Estate & Services
(617) 733-7802
Listed by
Genci Pance
(617) 733-7802
Source
Lockandkeyre
Added: May 29 Updated: Jul 21 at 1:16AM Checked: Jul 21 at 3:28AM
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 Panche Real Estate & Services
Investment Insights
Based on property information with market context.
Located at 20 Irving Street in Revere, this two-family duplex offers two distinct layouts. One unit features 3 rooms with 1 bedroom and includes in-unit laundry and is currently rented for $1,900 per month. The second unit provides 3 bedrooms and a full bath, with an additional lower-level half bath and a bonus room that can serve as a family room or office.
The home is described as having a bright, open flow through the living and dining areas, complemented by natural light, modern lighting, and a kitchen with quartz countertops. Outside, the property includes an exceptional backyard and three parking spaces.
Additional location highlights in the remarks note easy access to Bus 110, schools, Broadway, Route 1, and Logan International Airport.
The home is described as having a bright, open flow through the living and dining areas, complemented by natural light, modern lighting, and a kitchen with quartz countertops. Outside, the property includes an exceptional backyard and three parking spaces.
Additional location highlights in the remarks note easy access to Bus 110, schools, Broadway, Route 1, and Logan International Airport.
Key Highlights
- Built in 1985, two‑family duplex with flexible living space and multiple bathrooms
- First unit: 1 bedroom with in‑unit laundry, currently rented for $1,900/month
- Second unit offers 3 bedrooms and 1 full bath
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 | $64.8k | $28.80 |
| − Vacancy | −$3.6k | −$1.58 |
| EGI | $61.2k | $27.22 |
| − OpEx | −$18.4k | −$8.16 |
| NOI | $42.8k | $19.05 |
2,249 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.1K
$535.6K – $714.1K
NOI $42,846 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$558.1K
$488.4K – $651.1K
NOI $39,068 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,198 @ 7.0% cap · market cap 10.90%
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 in-unit laundry, three parking spaces, and flexible living space plus a bonus room.
Where is this duplex located?
The property is located at 20 Irving Street Revere, MA.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: Built in 1985, two‑family duplex with flexible living space and multiple bathrooms; First unit: 1 bedroom with in‑unit laundry, currently rented for $1,900/month; Second unit offers 3 bedrooms and 1 full bath
