Duplex with Solar
For Sale
$799,797
415-417 Mountain Avenue, Revere, MA 02151
Solar panels and a wood deck add energy and outdoor features to this two-unit residential property.
Property Size2,402 SF
Price / SF$332.97
Days on Market109
Property Features for 415-417 Mountain Avenue
General Information
Standard status
Active
Size
2,402 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
RB
Taxes and HOA fees
Annual Taxes
$6,403
Amenities
solar panels
deck
No
Carpet, Hardwood
Range, Refrigerator, Washer, Dryer
2.0
Bath
Storage, Living Room, Kitchen, Family Room, Office/Den, Sunroom, Dining Room
2
2.00
Shingle, Rubber
Garden, Garden Area, Deck - Wood
Deck - Wood
Building Details
Year Built
1900
Listing Agency:
United Brokers
Listed By:
Jurgen Lame · License #9570547
(781) 629-2258
Source:
Compass
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 25 at 2:41AM
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 United Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 415-417 Mountain Avenue in Revere contains 2,402 square feet and was built in 1900. Interior features include living, dining, kitchen, family, and sunroom areas, along with an office or den and storage. Hardwood flooring is present beneath current floor coverings. Exterior amenities include a wood deck and garden areas, and the property has solar panels.
The property is zoned RB and is near shopping, dining, and transportation in Revere.
The property is zoned RB and is near shopping, dining, and transportation in Revere.
Key Highlights
- 2,402‑square‑foot duplex built in 1900
- Solar panels installed on the property
- Wood deck and garden areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,761
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,220
$915.2K
Cap Rate 7%
$653,729
$653.7K
Cap Rate 9%
$508,456
$508.5K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$69.2K $28.80/SF
− Vacancy
−$3.8K −$1.58/SF
EGI
$65.4K $27.22/SF
− OpEx
−$19.6K −$8.16/SF
NOI
$45.8K $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%
$915,220
Cap Rate 7%
$653,729
Cap Rate 9%
$508,456
Alternative Uses
Best Use
Multifamily LT 5
$653.7K
$572.0K – $762.7K
NOI $45,761 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$596.1K
$521.6K – $695.4K
NOI $41,726 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,538 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
823
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 - Solar panels and a wood deck add energy and outdoor features to this two-unit residential property.
Where is this duplex located?
The property is located at 415-417 Mountain Avenue Revere, MA.
What is the asking price?
The asking price for this property is $799,797.
What are key features of this property?
This property features: 2,402‑square‑foot duplex built in 1900; Solar panels installed on the property; Wood deck and garden areas
