195 Mills Ave Revere — Photo 1 of 34
$629,000
Investment Analysis — 195 Mills Ave
Revere, MA 02151 — Point of Pines
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02151 carries an estimated $3,080/mo in gross rent — about a 3.58% cap rate and $22,523/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,416
Style
Single Family
Built
1950
Welcome to 195 Mills Ave, where beautiful water views, unforgettable sunsets, and glimpses of the Boston skyline create a truly special setting right along the water. This bright and airy home offers a flexible 3-bedroom layout, 2 full bathrooms, hardwood floors throughout, and an updated eat-in kitchen that opens to a spacious living and dining area filled with natural light. Outside, enjoy a fenced backyard with a new deck and patio perfect for relaxing or entertaining, along with a large shed offering plenty of additional storage. The partially finished basement provides even more flexible space ready for your ideas. A new roof in 2025, two driveways with ample parking, and a beautiful waterfront neighborhood setting complete the package. A rare opportunity to enjoy peaceful coastal surroundings with scenic views of the Pines River and Boston skyline.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 708 sq ft (the lesser of 900 sq ft or half the 1,416 sq ft principal dwelling). Lot size: 5,624 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstCloset, Flooring - Hardwood, Open Floorplan, Slider
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Exterior Access, Slider, Stainless Steel Appliances
Family Room
Lvl BasementPrimary Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl BasementBathroom - With Shower Stall
Listing Agent: Karshis & Co.
Listing Office: Keller Williams Realty
MLS® Number: 73577948
