Duplex with Single-Space
New
For Sale
$849,900
345/347 Fenno St., Revere, MA 02151
Vacant delivery and two additional lots accompany the two-unit residence.
Property Size2,524 SF
Lot Size0.23 Acres
Price / SF$336.73
Days on Market4
Property Features for 345/347 Fenno St.
General Information
Standard status
Active
Size
2,524 SF
Total Parking Spaces
1
Lot size
0.23 Acres
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,241
Amenities
deck
washer & dryer
Building Details
Building Size
2,524 SF
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
Senne
Listed By:
Paul Visconti · License #449548329
(978) 815-0955
Source:
Downtownbostonrealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 9:17PM
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 Senne
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story duplex contains approximately 2,524 square feet across two units. Unit 1 offers 838 square feet, with four rooms, one bedroom, and one bathroom. Unit 2 spans two floors and includes seven rooms, four bedrooms, and one bathroom. Basement features include a half bathroom, sink, and washer and dryer; the property also has a deck and a single-space garage. Built in 1910, the residence will be delivered vacant.
The sale includes two additional lots at 0 Ridge Road and 0 Fenno Street. Together, the three parcels total 10,159 square feet. The property is near Routes 1 and 16, with Boston and Logan Airport also nearby.
The sale includes two additional lots at 0 Ridge Road and 0 Fenno Street. Together, the three parcels total 10,159 square feet. The property is near Routes 1 and 16, with Boston and Logan Airport also nearby.
Key Highlights
- Two‑unit, three‑story residence with approximately 2,524 square feet
- Unit 1: 838 square feet, four rooms, one bedroom, and one bathroom
- Unit 2: 1,686 square feet across two floors, seven rooms, four bedrooms, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,085
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,700
$961.7K
Cap Rate 7%
$686,929
$686.9K
Cap Rate 9%
$534,278
$534.3K
Market Conditions
NOI Build-Up for 2,524 SF
Gross rent
$72.7K $28.80/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$68.7K $27.22/SF
− OpEx
−$20.6K −$8.16/SF
NOI
$48.1K $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%
$961,700
Cap Rate 7%
$686,929
Cap Rate 9%
$534,278
Alternative Uses
Best Use
Multifamily LT 5
$686.9K
$601.1K – $801.4K
NOI $48,085 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,845 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,594 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
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
Frequently Asked Questions
What type of property is this?
Duplex - Vacant delivery and two additional lots accompany the two-unit residence.
Where is this duplex located?
The property is located at 345/347 Fenno St. Revere, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑unit, three‑story residence with approximately 2,524 square feet; Unit 1: 838 square feet, four rooms, one bedroom, and one bathroom; Unit 2: 1,686 square feet across two floors, seven rooms, four bedrooms, and one bathroom
