116 Derby Rd, Revere, MA, 02151
About This Home
Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,400/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)—buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Remaining 11-month lease in place for Unit 2 (June 2027). Some photos may be virtually enhanced.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1929
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Conventional (2x4-2x6)
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Basement
- Has basement: Yes
- Basement: Walk-Out Access,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Storage
- Flooring: Tile,Hardwood
- Finished area above ground: 1,878
Heating
- Heating features: Oil,Natural Gas
Interior Area
- Total structure area: 1,878
- Total interior livable area: 1,878 sqft
Property
Details
- Parcel number: M:28 B:438K L:23,1379146
- Zoning: RB
Features
- Patio & porch: Deck
- Exterior features: Rain Gutters,Garden
- Fencing: Fenced
- Waterfront features: 0 to 1/10 Mile To Beach,Beach Ownership(Public)
Lot
- Lot size: 6,560 sqft
Parking
- Total spaces: 3
- Parking features: Paved Drive,Off Street,Paved
- Has uncovered spaces: Yes
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $315 | $3,780 |
| Property Taxes | $588 | $7,056 |
| Electricity | $370 | $4,443 |
| Total | $5,313 | $63,756 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-25 | Listed for sale | $799,000 |
| 2022-07-29 | Sold | $680,000 |
| 2022-06-17 | Contingent | $719,900 |
| 2022-06-07 | Listed for sale | $719,900 |
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