331 Vane Street Revere — Photo 1 of 17
$589,000
Investment Analysis — 331 Vane Street
Revere, MA 02151 — West Revere
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 3.97% cap rate and $23,360/yr in estimated NOI at the $589,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,614
Style
Single Family
Built
1960
Welcome to 331 Vane Street! Come see this tastefully laid-out single-family Colonial offering 1,614 square feet of living space. This home is a great starter opportunity, while also offering plenty of potential for its next owner to make it their own. Conveniently located in a residential neighborhood, this property provides a wonderful combination of value, location, and opportunity. Don’t miss your chance to make 331 Vane Street your new home! With some cosmetics by the new owner and its already large sized rooms, this home will shine bright again!!!! Vacant, Easy to Show, Estate Sale and Ready to be sold!!
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: 807 sq ft (the lesser of 900 sq ft or half the 1,614 sq ft principal dwelling). Lot size: 3,502 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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Laundromat
Geography
Listing Agent: Alexander Colarusso
Listing Office: Colarusso Realty
MLS® Number: 73574412