Two-Family Residential Income
60 Park Avenue Revere, MA 02151
60 Park Avenue, Revere, MA, 02151
$899,900
For Sale
$899,900
Well-maintained 2-family home offering separate utilities, off-street parking, and washer/dryer hookups.
Property Size2,992 SF
Price / SF$300.77
Days on Market90
Property Features for 60 Park Avenue
General Information
- Standard status
- Active
- Size
- 2,992 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agency
Pena Realty Corporation
(617) 389-1777
Listed by
Maria Pena
Source
Rosenrealty
Added: Apr 25 Updated: Jul 22 at 4:16PM Checked: Jul 22 at 4:16PM
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 Pena Realty Corporation
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate units. Unit 1 features an open-concept layout with a modern kitchen, stainless steel appliances, a spacious living area, three bedrooms, and an updated full bath. Unit 2 provides a larger configuration with four bedrooms, open living and dining areas, an updated kitchen, two full bathrooms, and access to a private deck.
The property is heated with oil and includes a one-car garage, off-street parking, and a low-maintenance yard. Additional amenities include separate utilities and washer/dryer hookups. The home is described as conveniently located near public transportation, major highways, shopping, and Revere Beach.
As presented, the layout is designed to support privacy between units with separate utilities, while maintaining practical shared-site features such as parking, garage, and outdoor space.
The property is heated with oil and includes a one-car garage, off-street parking, and a low-maintenance yard. Additional amenities include separate utilities and washer/dryer hookups. The home is described as conveniently located near public transportation, major highways, shopping, and Revere Beach.
As presented, the layout is designed to support privacy between units with separate utilities, while maintaining practical shared-site features such as parking, garage, and outdoor space.
Key Highlights
- Well‑maintained 2‑family home built in 1930 in Revere, MA
- Unit 1: open‑concept layout with modern kitchen (stainless steel appliances), 3 bedrooms, and updated full bath
- Unit 2: larger layout with 4 bedrooms, updated kitchen, and two full bathrooms plus access to a private deck
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 | $86.2k | $28.80 |
| − Vacancy | −$4.7k | −$1.58 |
| EGI | $81.4k | $27.22 |
| − OpEx | −$24.4k | −$8.16 |
| NOI | $57.0k | $19.05 |
2,992 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$814.3K
$712.5K – $950.0K
NOI $57,001 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$742.5K
$649.7K – $866.3K
NOI $51,975 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,988 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained 2-family home offering separate utilities, off-street parking, and washer/dryer hookups.
Where is this duplex located?
The property is located at 60 Park Avenue 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: Well‑maintained 2‑family home built in 1930 in Revere, MA; Unit 1: open‑concept layout with modern kitchen (stainless steel appliances), 3 bedrooms, and updated full bath; Unit 2: larger layout with 4 bedrooms, updated kitchen, and two full bathrooms plus access to a private deck
