Two-Family Income
37 Cleveland Street Revere, MA 02151
For Sale
$1,300,000
Two-family with 9 bedrooms and 4 bathrooms, recent upgrades, and off-street parking on a sizable lot.
Property Size4,713 SF
Price / SF$275.83
Days on Market137
Property Features for 37 Cleveland Street
General Information
Standard status
Active
Size
4,713 SF
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Building Details
Year Built
1920
Listing Agency:
Cambridge Premier Realty
(617) 800-4867
Listed By:
Fatima Carpio Castro · License #9568505
(617) 800-4867
Source:
Compass
Added: Mar 15
Changed: Jul 23
Last Checked: Jul 23 at 8:39AM
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 Cambridge Premier Realty
Investment Insights
Based on property information with market context.
This two-family residential income property offers an expansive layout totaling over 3,600 square feet, with 9 bedrooms and 4 bathrooms. The configuration provides flexibility for larger households and tenants, with generous living areas and substantial bedroom count. Recent improvements include central HVAC, roof repairs, exterior improvements, and new porches, supporting long-term functionality and livability.
Located at 37 Cleveland Street in Revere, MA, the property sits on a sizable lot with off-street parking and outdoor space. It is described as conveniently positioned near the beach, major highways, and public transportation, providing easy access to Boston and surrounding communities.
Located at 37 Cleveland Street in Revere, MA, the property sits on a sizable lot with off-street parking and outdoor space. It is described as conveniently positioned near the beach, major highways, and public transportation, providing easy access to Boston and surrounding communities.
Key Highlights
- Two‑family property built in 1920 offering 9 bedrooms and 4 bathrooms
- Over 3,600 sq ft of living space with expansive layouts and large bedrooms
- Recent upgrades include central HVAC and roof repairs
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 | $135.7k | $28.80 |
| − Vacancy | −$7.5k | −$1.58 |
| EGI | $128.3k | $27.22 |
| − OpEx | −$38.5k | −$8.16 |
| NOI | $89.8k | $19.05 |
4,713 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,788 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,870 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,306 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family with 9 bedrooms and 4 bathrooms, recent upgrades, and off-street parking on a sizable lot.
Where is this duplex located?
The property is located at 37 Cleveland Street Revere, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑family property built in 1920 offering 9 bedrooms and 4 bathrooms; Over 3,600 sq ft of living space with expansive layouts and large bedrooms; Recent upgrades include central HVAC and roof repairs
