17 Mill Street Revere — Photo 1 of 29
$849,000
Investment Analysis — 17 Mill Street
Revere, MA 02151
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02151 carries an estimated $3,080/mo in gross rent — about a 2.53% cap rate and $21,517/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,032
Style
Single Family
Built
1939
Just off Broadway, minutes to schools, highway, shopping, airport. Massive single-family home in desirable area. Huge lot of level land with tons of potential. Possible Adu/2 family conversion or tear down for townhouses. Inquire at Revere Building dept.for all possibilities. The roof was replaced 2015, 50 year warranty transfers to the new owner. Heating system 1992, 40 gallon hot water heater March 2025, ADT alarm system. Buyer responsible for Order of Corrections under City of Revere's covenant. Covenant must be signed and notorized and accompany full offer package. Taxed as a 2 family, Legal use is a single family per Revere Bldg dept. Unpermitted inlaw in photo's is upper level.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,032 sq ft principal dwelling). Lot size: 10,389 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Listing Agent: Lisa Licataschepici
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73570210