Six-Unit Multifamily
For Sale
$3,200,000
40-42 Dehon St, Revere, MA 02151
Multifamily property with functional residential layouts and access to public transportation, highways, shopping, and dining.
Property Size7,050 SF
Price / SF$453.90
Days on Market212
Property Features for 40-42 Dehon St
General Information
Standard status
Active
Size
7,050 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
x
Net Operating Income
$48,000
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$16,775
Building Details
Building Size
7,050 SF
Year Built
1900
Stories
5
Listing Agency:
JW Real Estate Services, LLC
(508) 615-1207
Listed By:
Yilun Luo · License #9564672
(716) 982-2933
Source:
Churchillprop
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 20 at 6:40PM
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 JW Real Estate Services, LLC
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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 multifamily property at 40-42 Dehon Street contains six residential units within a 7,050-square-foot building constructed in 1900. The units feature functional layouts, and the property is situated on a residential street in Revere, Massachusetts.
The location provides access to Revere Beach, MBTA public transportation, major highways, shopping, and dining. Its setting also supports commuter travel to Boston and surrounding areas. Public beach access is noted within 1/10 to 3/10 to beach, and the property is identified with zoning designation x.
The location provides access to Revere Beach, MBTA public transportation, major highways, shopping, and dining. Its setting also supports commuter travel to Boston and surrounding areas. Public beach access is noted within 1/10 to 3/10 to beach, and the property is identified with zoning designation x.
Key Highlights
- Six residential units in one multifamily building
- 7,050 square feet of building area
- Constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,467
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,449,340
$2.4M
Cap Rate 7%
$1,749,529
$1.7M
Cap Rate 9%
$1,360,744
$1.4M
Market Conditions
NOI Build-Up for 7,050 SF
Gross rent
$236.9K $33.60/SF
− Vacancy
−$14.2K −$2.02/SF
EGI
$222.7K $31.58/SF
− OpEx
−$100.2K −$14.21/SF
NOI
$122.5K $17.37/SF
Area
Suffolk County, MA
Vacancy
6.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,449,340
Cap Rate 7%
$1,749,529
Cap Rate 9%
$1,360,744
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,467 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $292,150 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
751
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?
Apartment building - Multifamily property with functional residential layouts and access to public transportation, highways, shopping, and dining.
Where is this apartment building located?
The property is located at 40-42 Dehon St Revere, MA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Six residential units in one multifamily building; 7,050 square feet of building area; Constructed in 1900
