Five-Unit Apartment
For Sale
$1,399,900
545 Revere Street, Revere, MA 02151
Remodeled multifamily property with separate utilities and rear parking.
Property Size4,158 SF
Price / SF$336.68
Days on Market104
Property Features for 545 Revere Street
General Information
Standard status
Active
Size
4,158 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 3RMS 1BR, 1 x Studio, 1 x 4RM 2BR, 1 x 6RM 3BR
Multifamily Units
5
Building Details
Year Built
1900
Year Renovated
2012
Listing Agency:
Vin Cav Realty
(781) 248-0003
Listed By:
Vincent Cavarretta
Source:
Elevatedboston
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 8 at 4:51PM
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 Vin Cav Realty
Investment Insights
Based on property information with market context.
This 4,158-square-foot apartment building contains five legal residential units with a varied configuration: two one-bedroom apartments, one studio, one two-bedroom apartment, and one three-bedroom apartment. The property was remodeled in 2012, and each unit has separate utilities.
Constructed in 1900, the building is located at 545 Revere Street in Revere, Massachusetts. A common driveway provides access to two rear parking spaces, adding dedicated vehicle storage to the property’s residential layout.
Constructed in 1900, the building is located at 545 Revere Street in Revere, Massachusetts. A common driveway provides access to two rear parking spaces, adding dedicated vehicle storage to the property’s residential layout.
Key Highlights
- Five legal apartment units with a mix of studio, one-, two-, and three‑bedroom layouts
- 4,158 SF apartment building
- Remodeled in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,444,580
$1.4M
Cap Rate 7%
$1,031,843
$1.0M
Cap Rate 9%
$802,544
$802.5K
Market Conditions
NOI Build-Up for 4,158 SF
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.
Gross rent
$139.7K $33.60/SF
− Vacancy
−$8.4K −$2.02/SF
EGI
$131.3K $31.58/SF
− OpEx
−$59.1K −$14.21/SF
NOI
$72.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,444,580
Cap Rate 7%
$1,031,843
Cap Rate 9%
$802,544
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$902.9K – $1.20M
NOI $72,229 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,306 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
434
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with separate utilities and rear parking.
Where is this apartment building located?
The property is located at 545 Revere Street Revere, MA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Five legal apartment units with a mix of studio, one-, two-, and three‑bedroom layouts; 4,158 SF apartment building; Remodeled in 2012
