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116 Derby RdRevere, MA 02151

For Sale

$799,000

Smart Buyer Rebate $3,480

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 $5,400/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). Remaining 11-month lease in place for Unit 2 (June 2027). Some photos may be virtually enhanced.

Listed by Chelsey Gallo

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Lamacchia Realty, Inc.

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228-257-9467

Last updated July 28, 2026

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Source: MLSPin #73541931

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Revere
  • Bedrooms3
  • Bathrooms2
  • Days on Prevu37
  • Taxes$5,987/year
  • Size1,878 sqft
  • Price per sqft$425

Amenities

  • Private Outdoor Space
  • Parking

Location

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Listing History

06/25/2026
Listed by Lamacchia Realty, Inc.
$799,000

Property Details for 116 Derby Rd

Association

Amenities

  • Community Features: Public Transportation, Park, Highway Access, House Of Worship, Public School, T-Station

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1929
  • Year Built Details: Actual
  • Construction Materials: Conventional (2x4-2x6)
  • Exterior Features: Rain Gutters, Garden

Features

  • Fencing: Fenced
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Waterfront Features: 0 To 1/10 Mile To Beach, Beach Ownership(Public)

Measurements

  • Building Area Total: 1,878
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Area: 0
  • Lot Size Square Feet: 6,560
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $63,600.00

Taxes

  • Parcel Number: M:28 B:438K L:23,1379146
  • Tax Annual Amount: $5,987.00
  • Tax Assessed Value: $660,100.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Tile, Hardwood
  • Interior Features: Storage

Measurements

  • Living Area: 1,878
  • Living Area Source: Public Record

Rooms

  • Basement: Walk-Out Access, Unfinished
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Rooms Total: 9

Parking

Parking

  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Parking Total: 3

Utilities

Equipment

  • Electric: 200+ Amp Service
  • Heating: Oil, Natural Gas
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Gas Oven
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 3 bedrooms and 2 bathrooms in this multi-family home at 116 Derby Rd.

Does this multi-family home have parking?

Yes, there are 3 parking spaces available for 116 Derby Rd.

What are the annual taxes for 116 Derby Rd?

Annual taxes for this multi-family home are estimated at $5,987.

How does 116 Derby Rd compare to other multi-family homes in West Revere?

This multi-family home is listed 13% below the average price for multi-family homes in West Revere and has been on the market for 11 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,878 sqft.

116 Derby Rd is a 3-bedroom, 2-bath multi-family home for sale in Revere MA 02151. Available on Prevu for 37 days at $799,000. This home features 1,878 square feet of living space, located in West Revere. The median listing price for multi-family homes in this area is $791,950. Additional amenities include private outdoor space and parking. Browse more multi-family home listings in Revere.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.