What is the estimated cap rate for 120 Dolphin, Revere, MA 02151?

Based on rent reported on the MLS listing, 120 Dolphin, Revere, MA 02151 (6 units) has an estimated 2.81% cap rate at its $1,945,000 list price, assuming $7,250/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 120 Dolphin, Revere, MA 02151?

The MLS listing reports about $7,250/month in total rent for a 6-unit multi-family in 02151. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

109 Days on market

120 Dolphin Revere — Photo 1 of 26

$1,945,000

Investment Analysis — 120 Dolphin

Revere, MA 02151

Based on rent reported on the MLS listing, a 6-unit multi-family in 02151 carries $7,250/mo in gross rent — about a 2.81% cap rate and $54,689/yr in estimated NOI at the $1,945,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

4,180

Style

5-9 Family

Built

1970

Presenting a rare opportunity to acquire a fully occupied 6-unit multifamily property just moments from Revere Beach. Situated on a level lot with two driveway entrances and ample off-street parking, this investment offers strong in-place income with future upside. Current monthly rent roll is $12,100 with as-is pro forma rents projected to be at least $14,400/month, plus there is an approximately $2,000 annually in laundry income. Property features potential expansion for 2 additional units on the top level. Conveniently located near public transit with train access to Boston, major highways, shopping, dining, and a playground 1 block away on the same street. Excellent opportunity for investors seeking cash flow, appreciation, and long-term value add potential. Sellers reserve the right to accept an offer at anytime.

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.

Financials

Original Price$1,945,000

Annual Taxes$11,431

Parking

Garage0

Off-Street7

Interior Specifications

Total Rooms21

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter

ZoningRB

Property & Lot

Acres0.19

SqFt Lot8,224

Lot FeaturesCleared, Level

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Conservation Area

Geography

Listing Provided By

Listing Agent: Justin Brown

Listing Office: Three Hills Real Estate Service, LLC

MLS® Number: 73525052