Renovated Two-Unit
New
For Sale
$998,000
28-30 Furness St, Revere, MA 02151
Separate in-unit laundry rooms and updated kitchens and bathrooms serve both residences.
Property Size2,468 SF
Days on Market3
Property Features for 28-30 Furness St
General Information
Standard status
Active
Size
2,468 SF
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/1BA, 5BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,337
Building Details
Building Size
2,468 SF
Year Built
1900
Year Renovated
2024
Listing Agency:
Nuage Real Estate Group
Listed By:
Christie Xie
(617) 678-3889
Source:
Classifiedrealtygroup
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:44AM
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 Nuage Real Estate Group
Investment Insights
Based on property information with market context.
This two-unit duplex was renovated in 2024 and includes distinct floor plans. The first residence has 2 bedrooms, 1 full bathroom, an eat-in kitchen, and a living room. The second spans two stories with 5 bedrooms, 2 full bathrooms, an open kitchen and dining area, and a living room. Each unit has its own laundry room. Improvements include new kitchens and bathrooms, electrical work, fresh paint, vinyl flooring, and vinyl siding.
Five off-street parking spaces are located at the rear. The property is in Revere, with Revere Beach, Revere High School, Route 1, MBTA service, shopping, dining, and major highway access described as nearby.
Five off-street parking spaces are located at the rear. The property is in Revere, with Revere Beach, Revere High School, Route 1, MBTA service, shopping, dining, and major highway access described as nearby.
Key Highlights
- Two residences with distinct layouts; the larger unit spans two stories
- Renovated in 2024 with new kitchens, bathrooms, electrical, paint, and vinyl flooring
- First unit has 2 bedrooms, 1 full bathroom, an eat‑in kitchen, and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,018
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,360
$940.4K
Cap Rate 7%
$671,686
$671.7K
Cap Rate 9%
$522,422
$522.4K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$71.1K $28.80/SF
− Vacancy
−$3.9K −$1.58/SF
EGI
$67.2K $27.22/SF
− OpEx
−$20.2K −$8.16/SF
NOI
$47.0K $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%
$940,360
Cap Rate 7%
$671,686
Cap Rate 9%
$522,422
Alternative Uses
Best Use
Multifamily LT 5
$671.7K
$587.7K – $783.6K
NOI $47,018 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$612.5K
$535.9K – $714.5K
NOI $42,872 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,273 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate in-unit laundry rooms and updated kitchens and bathrooms serve both residences.
Where is this duplex located?
The property is located at 28-30 Furness St Revere, MA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two residences with distinct layouts; the larger unit spans two stories; Renovated in 2024 with new kitchens, bathrooms, electrical, paint, and vinyl flooring; First unit has 2 bedrooms, 1 full bathroom, an eat‑in kitchen, and a living room
