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9 Days on market
49 George Ave Revere — Photo 1 of 30

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.

View Standard Listing

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

Original Price$930,000
Annual Taxes$5,338

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms10
FireplacesNone
FlooringVinyl / VCT, Hardwood
BasementNone

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationSlab
ZoningTwo-family

Property & Lot

Acres0.08
SqFt Lot3,524
Lot Features--

Amenities & Appliances

Washer • Dryer • Range • Dishwasher

Geography

Listing Provided By

Listing Agent: Ginger Reilly

Listing Office: RE/MAX Real Estate Center

MLS® Number: 73571896