Two-Unit
259 Oakwood Ave, Revere, MA 02151
For Sale
New
$1,450,000
Two separate residences offer a three-bedroom layout and a two-bedroom layout, with a garage and additional off-street parking.
Property Size3,027 SF
Price / SF$479.02
Days on Market4
Property Features for 259 Oakwood Ave
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
fireplace
deck
patio
fenced yard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Century 21 North East
Listed By:
Mg Group
(617) 389-1129
Source:
Joanieschwartzrealestate
Added: Nov 11
Last Checked: Nov 13 at 8:31AM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
Built in 2016, this Revere duplex contains two separate residences: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. Both include kitchens with granite countertops and stainless steel appliances, hardwood flooring, and in-unit laundry. The larger residence also has a fireplace and a primary suite with a private bathroom and double vanity. Zoning is RB.
The property includes a two-car garage, additional off-street parking, and a fenced, landscaped yard with a deck and patio. Shopping, dining, public transportation, and major routes are identified as nearby amenities.
The property includes a two-car garage, additional off-street parking, and a fenced, landscaped yard with a deck and patio. Shopping, dining, public transportation, and major routes are identified as nearby amenities.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom
- Built in 2016; zoned RB
- Both homes have hardwood floors, in‑unit laundry, and kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,668
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,360
$1.2M
Cap Rate 7%
$823,829
$823.8K
Cap Rate 9%
$640,756
$640.8K
Market Conditions
NOI Build-Up for 3,027 SF
Gross rent
$87.2K $28.80/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$82.4K $27.22/SF
− OpEx
−$24.7K −$8.16/SF
NOI
$57.7K $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%
$1,153,360
Cap Rate 7%
$823,829
Cap Rate 9%
$640,756
Alternative Uses
Best Use
Multifamily LT 5
$823.8K
$720.9K – $961.1K
NOI $57,668 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$751.2K
$657.3K – $876.4K
NOI $52,583 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,438 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
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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
$566,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Suffolk County, MA
Properties on Market for Duplexes in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a three-bedroom layout and a two-bedroom layout, with a garage and additional off-street parking.
Where is this duplex located?
The property is located at 259 Oakwood Ave Revere, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom; Built in 2016; zoned RB; Both homes have hardwood floors, in‑unit laundry, and kitchens with granite countertops and stainless steel appliances
