Renovated Duplex With Legal
New
For Sale
$950,000
67 Curtis Rd, Revere, MA 02151
Three finished levels combine flexible living arrangements, outdoor space, parking, and proximity to Revere Beach.
Property Size2,736 SF
Days on Market4
Property Features for 67 Curtis Rd
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,831
Building Details
Building Size
2,736 SF
Year Built
1911
Listing Agency:
Sunrise Realty & Investment LLC
Listed By:
Ella Goren
Source:
Bostonluxurysuburbs
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 14 at 6:37AM
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 Sunrise Realty & Investment LLC
Investment Insights
Based on property information with market context.
This renovated duplex at 67 Curtis Road offers 2,736 square feet across three finished levels. The primary residence spans two floors with four bedrooms, two full bathrooms, a full kitchen, and a lower-level kitchenette. A brand-new legal 1-bedroom, 1-bath ADU adds a separate living area, bringing the property to five bedrooms and three full bathrooms overall. Two kitchens plus a kitchenette and three sets of washer-dryers support flexible household arrangements, guest accommodations, or rental use. The property was built in 1911 and can be delivered furnished.
Outdoor features include a spacious fenced yard and abundant off-street parking. The home is positioned steps from Revere Beach and the Atlantic Ocean, with restaurants, cafés, public transportation, and daily conveniences nearby. Boston is also accessible from the property. The layout and separate ADU provide multiple ways to organize living space within a single duplex property.
Outdoor features include a spacious fenced yard and abundant off-street parking. The home is positioned steps from Revere Beach and the Atlantic Ocean, with restaurants, cafés, public transportation, and daily conveniences nearby. Boston is also accessible from the property. The layout and separate ADU provide multiple ways to organize living space within a single duplex property.
Key Highlights
- Brand‑new legal 1‑bedroom, 1‑bath ADU
- 2,736 SF across three finished levels
- Five bedrooms and three full bathrooms total
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
$52,124
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
5.49%
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%
$1,042,480
$1.0M
Cap Rate 7%
$744,629
$744.6K
Cap Rate 9%
$579,156
$579.2K
Market Conditions
NOI Build-Up for 2,736 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
$78.8K $28.80/SF
− Vacancy
−$4.3K −$1.58/SF
EGI
$74.5K $27.22/SF
− OpEx
−$22.3K −$8.16/SF
NOI
$52.1K $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 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%
$1,042,480
Cap Rate 7%
$744,629
Cap Rate 9%
$579,156
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.6K – $868.7K
NOI $52,124 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$679.0K
$594.1K – $792.1K
NOI $47,528 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,379 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
688
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three finished levels combine flexible living arrangements, outdoor space, parking, and proximity to Revere Beach.
Where is this duplex located?
The property is located at 67 Curtis Rd Revere, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Brand‑new legal 1‑bedroom, 1‑bath ADU; 2,736 SF across three finished levels; Five bedrooms and three full bathrooms total
