Updated Two-Family
For Sale
$899,900
59 Walnut Street, Revere, MA 02151
Duplex with separate utilities, outdoor living areas, storage, and off-street parking in a quiet residential setting.
Property Size2,594 SF
Price / SF$346.92
Days on Market57
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Property Features for 59 Walnut Street
General Information
Standard status
Active
Size
2,594 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
front porch
rear deck
bonus room
granite countertops
stainless steel appliances
separate washer/dryer
separate utilities
attic
basement
outdoor shed
off-street parking
Building Details
Year Built
2000
Listing Agency:
Shalaye Camillo, Vital Source Realty
Listed By:
Team Blue
(978) 658-8828
Source:
Northofbostonhome
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 14 at 10:52PM
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 Shalaye Camillo, Vital Source Realty
Investment Insights
Based on property information with market context.
Built in 2000, this 2,594-square-foot duplex contains two distinct living spaces with separately metered utilities. The larger unit has an open kitchen, dining, and living arrangement, along with granite counters and stainless steel appliances. A lower-level bonus room provides flexible space for use as a bedroom, office, or family room. The second unit includes stainless steel appliances and its own washer and dryer.
Outdoor features include a front porch, rear deck, mature trees, an outdoor shed, and off-street parking. The property sits at the end of a dead-end street in West Revere, with direct access to an express bus to Boston and views extending toward Revere Beach on clear days. A large attic and basement add substantial storage and may support future expansion or customization subject to required approvals and permits.
Outdoor features include a front porch, rear deck, mature trees, an outdoor shed, and off-street parking. The property sits at the end of a dead-end street in West Revere, with direct access to an express bus to Boston and views extending toward Revere Beach on clear days. A large attic and basement add substantial storage and may support future expansion or customization subject to required approvals and permits.
Key Highlights
- 2,594 SF duplex built in 2000
- Two separate living spaces with separately metered utilities
- Owner's unit features an open layout, granite counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,419
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,380
$988.4K
Cap Rate 7%
$705,986
$706.0K
Cap Rate 9%
$549,100
$549.1K
Market Conditions
NOI Build-Up for 2,594 SF
Gross rent
$74.7K $28.80/SF
− Vacancy
−$4.1K −$1.58/SF
EGI
$70.6K $27.22/SF
− OpEx
−$21.2K −$8.16/SF
NOI
$49.4K $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%
$988,380
Cap Rate 7%
$705,986
Cap Rate 9%
$549,100
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.7K – $823.7K
NOI $49,419 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,061 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,495 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
453
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate utilities, outdoor living areas, storage, and off-street parking in a quiet residential setting.
Where is this duplex located?
The property is located at 59 Walnut Street Revere, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,594 SF duplex built in 2000; Two separate living spaces with separately metered utilities; Owner's unit features an open layout, granite counters, and stainless steel appliances
