Classic Multifamily
83 Calumet Street Revere, MA 02151
83 Calumet Street, Revere, MA, 02151
$899,950
For Sale
$899,950
Built in 1900, this expansive multifamily home offers a classic character and convenient access to Revere Beach and transit.
Property Size3,809 SF
Price / SF$236.27
Days on Market109
Property Features for 83 Calumet Street
General Information
- Standard status
- Active
- Size
- 3,809 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Charlesgate Realty Group, llc
(617) 587-0100
Listed by
Pedro Cordano · License #9026246
(617) 587-0100
Source
Compass
Added: Apr 5 Updated: Jul 22 at 7:56AM Checked: Jul 22 at 7:56AM
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 Charlesgate Realty Group, llc
Investment Insights
Based on property information with market context.
This for-sale multifamily residence blends classic character dating to 1900 with an expansive layout. The property is described as supporting a desirable, coastal-focused lifestyle, with a distinguished, long-lasting home profile.
Conveniently located within walking distance to Revere Beach and the Wonderland Blue Line T Station, the home also sits close to shopping and offers easy access to Boston and State Highways.
Details for unit configuration, amenities, or condition are not provided in the available information. The first opportunity to view will be during the scheduled open house on Sunday, April 12 from 12:00 noon to 1:00 pm.
Conveniently located within walking distance to Revere Beach and the Wonderland Blue Line T Station, the home also sits close to shopping and offers easy access to Boston and State Highways.
Details for unit configuration, amenities, or condition are not provided in the available information. The first opportunity to view will be during the scheduled open house on Sunday, April 12 from 12:00 noon to 1:00 pm.
Key Highlights
- Built in 1900 with classic character and expansive layout
- Multifamily home with 2 total baths (2 full baths)
- Hardwood flooring and insulated windows
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 | $109.7k | $28.80 |
| − Vacancy | −$6.0k | −$1.58 |
| EGI | $103.7k | $27.22 |
| − OpEx | −$31.1k | −$8.16 |
| NOI | $72.6k | $19.05 |
3,809 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.1K – $1.21M
NOI $72,566 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$945.2K
$827.1K – $1.10M
NOI $66,167 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,844 @ 7.0% cap · market cap 17.54%
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 - Built in 1900, this expansive multifamily home offers a classic character and convenient access to Revere Beach and transit.
Where is this duplex located?
The property is located at 83 Calumet Street Revere, MA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Built in 1900 with classic character and expansive layout; Multifamily home with 2 total baths (2 full baths); Hardwood flooring and insulated windows
