281 Beach St Revere, MA 02151
Downtown Revere NeighborhoodEstimated payment $6,317/month
Highlights
- Medical Services
- 6 Fireplaces
- Living Room
- Property is near public transit
- Corner Lot
- Park
About This Home
RARE VALUE! Oversized, well-maintained 2-family with 10 beds and ~5,000 sq. ft. in prime Revere location! Two enormous and updated units, each with 5 beds & total monthly rents of $6900, and separately metered water! Great for investors or owner occupants, each unit offers Central AC, two-level living, gas heat & cooking, in-unit laundry, and parking. Both units include updated kitchens and baths, large living rooms w/ original beams & fireplaces, and formal dining rooms. Unit 1 was recently updated, including modern tiled bath and LVP flooring throughout, and offers 5 beds and 1.5 baths across two floors (LL & 1st floor). Unit 2 includes kitchen w/ SS appliances, granite island/breakfast bar, and city views. 3 beds on 2nd floor, with 2 additional large bedrooms on 3rd floor. Centrally located near bus lines, T-station, shopping, beach, highway & airport. Public electric panel for potential condo conversion, roof replaced in 2021! Unit 1 lease ends 8/31/25, Unit 2 lease through 9/30/26
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,741
Year Built
- Built in 1900
Lot Details
- 4,251 Sq Ft Lot
- Near Conservation Area
- Corner Lot
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- Property has 1 Level
- 6 Fireplaces
- Living Room
- Dining Room
- Laminate Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
Laundry
- Dryer
- Washer
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- 3 Cooling Zones
- 3 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(none), unit 2(none)
- Assessor Parcel Number M:16 B:237 L:14B,1372333
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $82,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,741 | $963,700 | $285,900 | $677,800 |
| 2024 | $8,684 | $953,200 | $270,000 | $683,200 |
| 2023 | $8,365 | $879,600 | $225,500 | $654,100 |
| 2022 | $8,318 | $799,800 | $214,400 | $585,400 |
| 2021 | $8,121 | $734,300 | $198,500 | $535,800 |
| 2020 | $8,006 | $711,000 | $198,500 | $512,500 |
| 2019 | $7,649 | $631,600 | $181,100 | $450,500 |
| 2018 | $7,694 | $593,700 | $163,600 | $430,100 |
| 2017 | $7,258 | $518,800 | $143,000 | $375,800 |
| 2016 | $5,320 | $368,200 | $130,200 | $238,000 |
| 2015 | $5,449 | $368,200 | $130,200 | $238,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 07/17/2025 07/17/25 | For Sale | $1,049,000 | +70.6% | $206 / Sq Ft |
| 07/01/2016 07/01/16 | Sold | $615,000 | -3.9% | $127 / Sq Ft |
| 03/29/2016 03/29/16 | Pending | -- | -- | -- |
| 03/17/2016 03/17/16 | For Sale | $639,900 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $615,000 | -- | |
| Deed | $273,000 | -- | |
| Deed | $273,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $531,800 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $594,474 | FHA | |
| Previous Owner | $100,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73405957
APN: REVE-000016-000237-000014B
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