Active
27 Days on market
133 R Cushman Ave Revere — Photo 1 of 9

133 R Cushman Ave Revere — Photo 1 of 9

$2,150,000

Investment Analysis — 133 R Cushman Ave

Revere, MA 02151

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02151 carries an estimated $5,560/mo in gross rent — about a 1.95% cap rate and $42,011/yr in estimated NOI at the $2,150,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3

SqFt

2,931

Style

Multi Family

Built

1860

Rarely does a property offer this combination of scale, location, historic character, and redevelopment potential. Situated on an oversized HALF ACRE parcel in Revere's desirable RB Zoning District with a Multi-House (HS) designation, this unique estate presents the potential to subdivide into TWO LOTS and develop up to FIVE RESIDENTIAL UNITS (buyer to perform all due diligence). The existing circa-1860 main house, historically configured as a two-family residence with potential to revert back into mutli-family, spans over 2,900 square feet. Currently enjoyed as a spacious single-family home with six bedrooms, 4 bathrooms, the stunning main house features nine-foot ceilings, multiple living spaces, a spacious first-floor primary suite and office, vaulted family room addition, and a walk-up attic offering further expansion opportunity. A detached two-story barn with electricity, plumbing, and heat provides exceptional potential as a guest suite, workshop, or a third unit ADU (subject to approvals). Additionally, the expansive RB-zoned lot provides compelling value-add potential, with the opportunity to further subdivide the parcel and develop an additional two-family residence (subject to buyer verification and City approvals). Significant capital improvements have already been completed at the property including new siding, fencing, roof (2019), replacement windows, furnace, oil tank, water heater (2020), upgraded 220-amp electrical service, bulkhead (2025), Nest thermostat, and new pool filtration system (2024). Conveniently located less than one mile from Route 1 with easy access to Boston, Logan Airport, Revere Beach, shopping, dining, and public transportation, this property is ideally suited for developers, investors, or owner-occupants seeking long-term appreciation. Whether restoring the existing estate, adding an ADU, pursuing subdivision, or maximizing redevelopment potential, opportunities of this caliber are exceptionally rare.

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$2,150,000
Annual Taxes$8,696

Parking

Garage0
Off-Street10

Interior Specifications

Total Rooms12
Fireplaces1
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRB

Property & Lot

Acres0.56
SqFt Lot24,524
Lot FeaturesCul-De-Sac, Easements, Level

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Highway Access

Geography

Listing Provided By

Listing Agent: Christine Cannon Coughlin

Listing Office: Bantry Way Brokerage

MLS® Number: 73564410