Attention investors, builders, contractors, and rehabbers! This unique property features a two-family home situated on a large, buildable corner lot, offering a variety of investment and development possibilities. Maintain the existing two-family property as an income-producing asset while exploring the potential to build at least two duplexes on the site. The city has approved higher-density developments on similar lots in this desirable neighborhood, making this an exceptional opportunity for future growth. Located in a sought-after West Revere location, the property is conveniently close to schools, public transportation, shopping, and major routes to Medford and surrounding communities. The lot offers substantial frontage, level terrain, and no known encumbrances, creating an ideal setting for development. Buyers are encouraged to perform their own due diligence regarding development potential and permitting requirements. See attached floorplan and virtual tour.
$55,000 per unit great price. 20 Market-Rate Apartments Investment OpportunitySold with all approvals, architectural plans in placeProperty Highlights-Location: 419 Lee Burbank Highway, Revere, MA-Units: All market-rent apartments – No 40B, no affordable restrictions-Transit Access: Minutes to Logan International Airport via MBTA Blue Line-Visibility: Prime location with easy highway access (Route 1A, Route 60, I-90)-Surroundings: Close to Revere Beach, shopping, restaurants, and Boston employment hubsRental Market Overview (Revere / East Boston Corridor)Unit TypeRent Range (Monthly)Studios / 1-Bed Two Thousand Eight Hundred +/- range for Investment Advantages -No affordability restrictions – all units capture full market rents-Commuter convenience – 10 minutes to Logan, 15 minutes to Downtown Boston-Transit-oriented growth – Revere is seeing strong demand as housing near Boston tightens-Upside potential – rents expected to rise 3–5% annually given limited new supply.
LAND HAS A STRUCTURE THAT IS BEING USED AS A GARAGE. LAND IS ON A PUBLIC STREET WITH A 200 AMP ELECTRIC METER IN BUILDING AND HAS A PAVED DRIVEWAY. WITH A SPECIAL PERMIT FROM CITY OF REVERE THIS LAND WITH GARAGE COULD BE BUILDABLE AS A RESIDENTIAL HOME.
Revere is located in Massachusetts. Revere, Massachusetts has a population of 60,720. Revere is more family-centric than the surrounding county with 28.87% of the households containing married families with children. The county average for households married with children is 23.74%.
The median household income in Revere, Massachusetts is $73,041. The median household income for the surrounding county is $80,260 compared to the national median of $69,021. The median age of people living in Revere is 39.4 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 47.4 inches per year, with 47.4 inches of snow per year.
