Two-Family Residential Income
240 Lincoln St Revere, MA 02151
240 Lincoln St, Revere, MA, 02151
$699,000
Pending
For Sale
$699,000
Pending
Spacious two-family property on an oversized lot near U.S. Route 1 in Revere.
Property Size2,688 SF
Days on Market105
Property Features for 240 Lincoln St
General Information
- Standard status
- Pending
- Size
- 2,688 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1968
Listing agency
The Boston Condo Gallery, Inc.
(508) 654-1313
Listed by
Parker Dodd
Source
Cjbarrett
Added: Apr 9 Updated: Jul 20 at 7:16PM Checked: Jul 20 at 7:16PM
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 The Boston Condo Gallery, Inc.
Investment Insights
Based on property information with market context.
This spacious two-family residential income property sits on an oversized lot, offering room both inside the home and out. The listing describes the building as having solid bones, with value-add potential for buyers, investors, or contractors.
Located in Revere just off U.S. Route 1, the property provides convenient access to the broader area. Open houses are scheduled for Saturday 11:30 AM–1:00 PM and Sunday 1:00 PM–2:30 PM, with no showings prior to the open houses.
The offering is a duplex-style setup intended for two-family use, with an emphasis on the property’s interior space and the additional outdoor area provided by the lot.
Located in Revere just off U.S. Route 1, the property provides convenient access to the broader area. Open houses are scheduled for Saturday 11:30 AM–1:00 PM and Sunday 1:00 PM–2:30 PM, with no showings prior to the open houses.
The offering is a duplex-style setup intended for two-family use, with an emphasis on the property’s interior space and the additional outdoor area provided by the lot.
Key Highlights
- Two‑family property built in 1968
- Spacious layout on an oversized lot in Revere
- Located just off U.S. Route 1
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 | $77.4k | $28.80 |
| − Vacancy | −$4.3k | −$1.58 |
| EGI | $73.2k | $27.22 |
| − OpEx | −$21.9k | −$8.16 |
| NOI | $51.2k | $19.05 |
2,688 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.6K
$640.1K – $853.5K
NOI $51,210 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$667.1K
$583.7K – $778.2K
NOI $46,694 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,390 @ 7.0% cap · market cap 15.94%
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 - Spacious two-family property on an oversized lot near U.S. Route 1 in Revere.
Where is this duplex located?
The property is located at 240 Lincoln St Revere, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family property built in 1968; Spacious layout on an oversized lot in Revere; Located just off U.S. Route 1
