Active
2 Days on market
59 Walnut Street Revere — Photo 1 of 27

59 Walnut Street Revere — Photo 1 of 27

$924,900

Investment Analysis — 59 Walnut Street

Revere, MA 02151

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02151 carries an estimated $3,400/mo in gross rent — about a 2.55% cap rate and $23,606/yr in estimated NOI at the $924,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,594

Style

Single Family

Built

2000

Opportunity Knocks in West Revere! Looking for a property that offers the space and feel of a single-family home, while providing added flexibility for extended family? Look no further! This legal two-family home offers a unique layout that can easily adapt to your needs. Use it as a spacious single-family residence, create a private living area for extended family members who want independence while remaining close, or utilize the second living space as a separate rental unit. The main residence features a comfortable living room, updated kitchen, family room, two bedrooms, office, first-floor bonus room, and in-home washer and dryer. A large attic provides abundant storage and potential for future expansion. The additional first-floor living space includes a second kitchen, living area, bedroom, storage, separate washer and dryer, and two access points to the main house as well as a separate entrance, offering privacy and versatility for a variety of living arrangements. Set atop a hill at the end of a quiet dead-end street, the property is surrounded by mature trees and local wildlife, creating a peaceful, private setting. Yet, convenience is close at hand, with easy access to Route 1 and the express bus to Boston just minutes away. A front porch and back deck round out this unique property. A rare combination of location, privacy, space, and flexibility—come see all this West Revere property has to offer! [see MLS listing 73565225]

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: 900 sq ft (the lesser of 900 sq ft or half the 2,594 sq ft principal dwelling). Lot size: 9,749 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

Original Price$924,900
Annual Taxes$7,402

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms10
FireplacesNone
FlooringWood, Vinyl
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres0.22
SqFt Lot9,749
Lot FeaturesWooded, Sloped

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living Room
Living Room
Lvl First

Property History

Listed
$924,900

Sep 18, 2026

MLS® 73579595

Listed
$924,900

Aug 18, 2026

MLS® 73565225

Listing Provided By

Listing Agent: Patricia Grant

Listing Office: New England Real Estate Services

MLS® Number: 73579595