Luxury Real Estate Group Boston > Revere > 116 Derby Rd

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

116 Derby Rd

Revere, MA

Property Description

Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,300/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)—buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

offered at

$799,000

  • Status: New
  • Listing ID: 73541931
  • Bedrooms: 3
  • Full Baths: 2
  • Living Area: 1,878 sqft Convert
  • Lot Size: 6,560 sqft Convert
  • Acres: 0.15

Additional Details

Type: Multi-Family, Duplex

Zip Code: 02151

Levels: 2

Parking

Garage Capacity: 3

Parking: Paved,Off Street

Parking Spaces: 3

Rooms and Dimensions

Total Units: 2

Total Floors: 2

Total Rooms: 9

Has Basement: Yes

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

Map

Photos