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$1,489,000
7 Beds
6 Baths4 full baths + 2 half baths
6,457sqft
581 & 233 Proctor & Washington Ave, Revere, MA 02151
$1,489,000
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Quadruplex
Built in 1960
$-- HOA
0.08 acre lot
$231/sq.ft
Description
Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .
- Houzeo last checked: 7 Minutes ago
- Listing updated: March 13, 2026 at 2:52 pm
- Listing Provided by: Annemarie Torcivia (781) 983-5266 | Trinity Real Estate (781) 231-9800
- Source: MLS Property Information Network-MA | MLS#: 73481847
Property Details
Status
Pending
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
--
Year Built
1960
HOA Fees
-
Finished Area
6,457 sqft
Lot Size
0.08 acre lot
Basement Area
- sqft
MLS Name
MLS Property Information Network
MLS Number
73481847
MLS Status
Under Agreement
Days on Market
17
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