Active
25 Days on market
16 Temple Street Revere — Photo 1 of 20

16 Temple Street Revere — Photo 1 of 20

$1,270,000

Investment Analysis — 16 Temple Street

Revere, MA 02151

Based on rent reported on the MLS listing, a 4-unit multi-family in 02151 carries $5,250/mo in gross rent — about a 3.04% cap rate and $38,626/yr in estimated NOI at the $1,270,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,122

Style

4 Family - 4 Units Up/Down

Built

1900

A FOUR-UNIT PROPERTY. ONE OWNER FOR 40+ YEARS. MAJOR SYSTEM UPDATES. A PRIME REVERE LOCATION. Welcome to 16 Temple Street, Revere - A Well-Maintained 4-Unit Multi-Family Property that has been owned, cared for and thoughtfully maintained by the same owner for more than 40 years. Investors and owner-occupants should take notice. 16 Temple Street is an opportunity you won't want to overlook. Four-Unit properties represent a unique opportunity in the Revere market, offering the potential to acquire a substantial multifamily asset in one of the area's most convenient locations. 16 Temple Street is now ready for its next owner and its next chapter. The property has benefited from decades of responsible ownership and significant recent system upgrades. Each of the four units has separate utilities, and all residents are tenants-at-will. In 2022, the property received four new gas boilers and four new hot-water heaters. The entire electrical service was updated inside and out in 2021, including installation of separate owner's meter. Additional features include double-glazed tilt-in windows for easy cleaning, vinyl siding, a rubber main roof, an asphalt rear roof, and a walk-out basement. The fenced yard provides additional outdoor space and includes an exterior storage shed. Superb location-Walk to the Revere T Station. Bus service is available on Revere Street, while Revere Beach, Logan International Airport, and Boston are all just minutes away. This convenient location provides residents with easy access to transportation, employment, recreation, and the city. Opportunities to purchase a four-unit property in this location and with this history of ownership are uncommon. Whether you're looking to expand your investment portfolio or secure a multifamily property with strong long-term potential.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,270,000
Annual Taxes$9,254

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile, Hardwood, Carpet
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Individual
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle, Rubber
FoundationBlock
Zoning111

Property & Lot

Acres0.07
SqFt Lot3,187
Lot FeaturesLevel

Amenities & Appliances

Range

Neighborhood

Public Transportation • Shopping • Public School • T-Station

Geography

Listing Provided By

Listing Agent: Barbara Peterson

Listing Office: E.W. Peterson & Son RE

MLS® Number: 73570613