
49 George Ave Revere — Photo 1 of 30
$930,000
Investment Analysis — 49 George Ave
Revere, MA 02151 — Beachmont
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 $6,160/mo in gross rent — about a 5.47% cap rate and $50,841/yr in estimated NOI at the $930,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
2,341
Style
2 Family - 2 Units Up/Down
Built
1939
Rare Beachmont two-family opportunity just steps from Louis Pasteur Park, Revere Beach, the MBTA Blue Line, and only about 4 miles from Logan Airport. This estate-sale property offers excellent potential for an owner-occupant, investor, or buyer looking to customize a multi-family home in one of Revere’s most desirable coastal neighborhoods. The first-floor unit has already seen significant updates, including a remodeled kitchen and refreshed interior spaces, with 3 bedrooms and 2 full baths. The spacious second-floor unit offers 3 bedrooms and 1 bath, with a flexible layout and strong upside potential. Several major improvements have already been completed, including a roof replacement in 2020, siding and gutters in 2022, and newer gas heating and water-heater systems. Solar panels are present on the roof but are currently disconnected. The property also includes a small backyard with two sheds and a one-car driveway. After the property was initially listed, a pipe failure caused interior water damage. Repairs are being addressed, creating a unique opportunity for a buyer to have input on cosmetic finishes such as paint colors, flooring, and related interior selections at no additional cost to the buyer, subject to seller/contractor timeline and availability. This gives the next owner the chance to benefit from fresh repairs while tailoring portions of the home to their own taste. This is an estate sale and the property is being sold in as-is condition. Buyers and buyer agents should perform their own due diligence regarding condition, repairs, solar panels, systems, and all property details. More photos and updates will be provided as repairs progress.
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
Washer • Dryer • Range • Dishwasher
Geography
Listing Agent: Ginger Reilly
Listing Office: RE/MAX Real Estate Center
MLS® Number: 73571896