Renovated Two-Family
72 South Ave Revere, MA 02151
72 South Ave, Revere, MA, 02151
$899,999
For Sale
$899,999
Recently renovated two-family with central A/C, private entrances, and new major systems replacing electrical, plumbing, and roofing.
Property Size2,006 SF
Price / SF$448.65
Days on Market40
Property Features for 72 South Ave
General Information
- Standard status
- Active
- Size
- 2,006 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1960
Listing agency
Michelle Kelley Realty, LLC
(781) 854-1717
Listed by
Michelle Kelley
(781) 854-1717
Source
Alliancepartnersre
Added: Jun 12 Updated: Jul 21 at 7:59AM Checked: Jul 21 at 7:59AM
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 Michelle Kelley Realty, LLC
Investment Insights
Based on property information with market context.
This fully renovated two-family residence has been redesigned for contemporary living in each unit. Major systems and components have been replaced, including electrical, plumbing, heating, roofing, insulation, and interior finishes and fixtures. Both units include central A/C. The upper unit features an open-concept living and dining area with high ceilings, recessed lighting, abundant natural light, and an updated kitchen with white shaker cabinetry, stone countertops, stainless-steel appliances, and a large center island with a built-in microwave drawer. It offers three bedrooms, a full bath with a tub, and a separate laundry area.
The lower unit provides a separate, private entrance with no interior access to the upper unit, supporting flexible occupancy. It includes two bedrooms, a 3/4 bath, and its own laundry area.
Conveniently located near shopping, restaurants, public transportation, and major routes, this property benefits from a renovation that incorporates new construction components throughout.
The lower unit provides a separate, private entrance with no interior access to the upper unit, supporting flexible occupancy. It includes two bedrooms, a 3/4 bath, and its own laundry area.
Conveniently located near shopping, restaurants, public transportation, and major routes, this property benefits from a renovation that incorporates new construction components throughout.
Key Highlights
- Two‑family home built in 1960 with central A/C for both units
- Complete renovation with major systems replaced: electrical, plumbing, heating, roofing, insulation, finishes, and fixtures
- Upper unit has an open‑concept layout with 3 bedrooms, a full bath with tub, and a separate laundry area
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 | $57.8k | $28.80 |
| − Vacancy | −$3.2k | −$1.58 |
| EGI | $54.6k | $27.22 |
| − OpEx | −$16.4k | −$8.16 |
| NOI | $38.2k | $19.05 |
2,006 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.0K
$477.7K – $637.0K
NOI $38,217 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$497.8K
$435.6K – $580.8K
NOI $34,847 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,128 @ 7.0% cap · market cap 9.24%
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 - Recently renovated two-family with central A/C, private entrances, and new major systems replacing electrical, plumbing, and roofing.
Where is this duplex located?
The property is located at 72 South Ave Revere, MA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑family home built in 1960 with central A/C for both units; Complete renovation with major systems replaced: electrical, plumbing, heating, roofing, insulation, finishes, and fixtures; Upper unit has an open‑concept layout with 3 bedrooms, a full bath with tub, and a separate laundry area
