Two-Family Residential Income
52 Augustus Street Revere, MA 02151
52 Augustus Street, Revere, MA, 02151
$995,000
For Sale
$995,000
Well-maintained two-unit duplex with updated interiors, separate entrances, and outdoor space for flexible living arrangements.
Property Size2,512 SF
Price / SF$396.10
Days on Market59
Property Features for 52 Augustus Street
General Information
- Standard status
- Active
- Size
- 2,512 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1965
Listing agency
RE/MAX Partners
(978) 475-2100
Listed by
Krystal Solimine · License #9059981
(978) 475-2100
Source
Compass
Added: May 25 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 8:23AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This two-family duplex offers a versatile setup for an owner-occupant or a buyer seeking a residential income property. The first unit includes three bedrooms, an updated eat-in kitchen with stainless steel appliances, a bright living room with a fireplace, and a newly renovated full bathroom. Additional space in the lower level can support a range of uses such as a family room, home office, gym, laundry area, and extra storage.
The second unit features two bedrooms, an eat-in kitchen, a living room, and an updated full bathroom. It also provides a private entrance and its own separate driveway for convenience and privacy. Outside, there is a fenced-in private yard with a patio area and a shed, along with two separate driveways for the property.
Located in West Revere, the home is described as convenient to beaches, shopping, restaurants, and major access routes including Route 1, as well as Boston and Logan Airport. The layout, separate driveway access, and private second-unit entry make the property practical for tenants and owner-occupants who want clear separation while still benefiting from a single, maintained residential building.
The second unit features two bedrooms, an eat-in kitchen, a living room, and an updated full bathroom. It also provides a private entrance and its own separate driveway for convenience and privacy. Outside, there is a fenced-in private yard with a patio area and a shed, along with two separate driveways for the property.
Located in West Revere, the home is described as convenient to beaches, shopping, restaurants, and major access routes including Route 1, as well as Boston and Logan Airport. The layout, separate driveway access, and private second-unit entry make the property practical for tenants and owner-occupants who want clear separation while still benefiting from a single, maintained residential building.
Key Highlights
- Two‑family duplex built in 1965 with wood, tile, and hardwood flooring
- First unit: 3 bedrooms, updated eat‑in kitchen with stainless steel appliances, living room with wood‑burning fireplace
- Second unit: 2 bedrooms, eat‑in kitchen, living room, updated full bath, private entrance, and separate driveway
Local 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 | $72.3k | $28.80 |
| − Vacancy | −$4.0k | −$1.58 |
| EGI | $68.4k | $27.22 |
| − OpEx | −$20.5k | −$8.16 |
| NOI | $47.9k | $19.05 |
2,512 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$683.7K
$598.2K – $797.6K
NOI $47,857 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$623.4K
$545.5K – $727.3K
NOI $43,636 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,097 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit duplex with updated interiors, separate entrances, and outdoor space for flexible living arrangements.
Where is this duplex located?
The property is located at 52 Augustus Street Revere, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑family duplex built in 1965 with wood, tile, and hardwood flooring; First unit: 3 bedrooms, updated eat‑in kitchen with stainless steel appliances, living room with wood‑burning fireplace; Second unit: 2 bedrooms, eat‑in kitchen, living room, updated full bath, private entrance, and separate driveway
