
35 Cheever St. Revere — Photo 1 of 28
$779,000
Investment Analysis — 35 Cheever St.
Revere, MA 02151
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02151 carries an estimated $5,240/mo in gross rent — about a 5.33% cap rate and $41,535/yr in estimated NOI at the $779,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,610
Style
Multi Family
Built
1930
Excellent opportunity to own a two-family property in centrally located Revere, great for both owner-occupants and investors. The first floor unit features 3 bedrooms, 1 bathroom while the second-floor unit offers a 1 bedroom, 1 bathroom with potential for a second bedroom with no living room. The property has separate electric and gas meters, also separate water heaters for each unit. Lastly this home offers spacious off-street parking along with a two-car garage featuring two separate stalls, providing excellent space for vehicles, storage, hobbies, or additional workspace. The home does require a little bit of updating and repairs, presenting an opportunity for a buyer to make improvements and add value while customizing the property to their preferences. Ideally situated by City Hall, with convenient access to shopping, restaurants, schools, public transportation, major highways, and everyday amenities. The property is also close to Revere Beach and Wonderland, while Boston and surrounding communities are easily accessible for commuters, right off route 16, easy access to I-93 and Route 1. Property can be delivered vacant.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Property History
$779,000
Sep 16, 2026
MLS® 73577815
$235,000
Jul 20, 2010
MLS® 71034556
$235,000
Feb 17, 2010
MLS® 71034556
Listing Agent: Atlantic Crossings Group
Listing Office: Carlton's Wharf & Co.
MLS® Number: 73577815

