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Guillermo A Molina Jr

info@theomteam.com +1(978) 360-3441

$ 2,150,000

Est. payment | -/mo

6 Beds

3 Baths

2,931 SqFt

Save

$ 2,150,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,931 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,931 sqft

Price per Sqft $733

MLS Listing ID 73564410

Bedrooms 6

Full Baths 2

Half Baths 2

Year Built 1860

Annual Tax Amount $8,696

Tax Year 2026

Lot Size 0.560 Acres

Acres 0.56

Property Sub-Type Multi Family

Property Description

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.

Location

State MA

County Suffolk

Zoning RB

Direction use 133 High Street for accurate directions to the property

Rooms

Basement Full

Interior

Fireplaces Number 1

Exterior

Exterior Feature Rain Gutters, Professional Landscaping, Fruit Trees, Garden

Fence Fenced

Pool In Ground

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station

Waterfront Description Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 10

Garage No

Building

Lot Description Cul-De-Sac, Easements, Level

Story 4

Foundation Block

Sewer Public Sewer

Water Public

Schools

Elementary Schools Whelan Elementary School

Middle Schools Susan B Anthony Middle School

High Schools Revere High School

Others

Senior Community false

Listed by Bantry Way Brokerage

NEARBY SCHOOLS & PROPERTIES

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA 01950, United States

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133 R Cushman Ave Revere, MA 02151