Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 02151
- Levels: 4
- Parking
- Garage Capacity: 10
- Parking: Paved
- Parking Spaces: 10
- Rooms and Dimensions
- Total Units: 2
- Total Floors: 4
- Total Rooms: 12
- Has Basement: Yes
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$2,150,000
- Listing ID: 73564410
- Bedrooms: 6
- Full Baths: 2
- Half Baths: 2
- Living Area: 2,931 sqft Convert
- Lot Size: 24,524 sqft Convert
- Acres: 0.56
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |