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$799,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 3 Total Beds
  • 0.15 Acres
  • Updated 4 minutes ago
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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 $5,300/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). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

Full Property Details for 116 Derby Rd

General

  • Price: $799,000
  • Taxes: $5,987 (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73541931
  • Updated: Today (6/25/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Parking

  • Parking Features: Paved Drive, Off Street, Paved

Location

  • County: Suffolk

Structural Information

  • Basement: Yes
  • Stories/Levels: 2
  • Square Feet: 1,878
  • Year Built: 1929

Lot Features

  • Lot Size (Acres): 0.15

Financial Considerations

  • Tax Amount: $5,987
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Some photos may be virtually enhanced. Sellers agent is also the owner.
  • Property ID: M:28 B:438K L:23, 1379146

Listed by Lamacchia Realty, Inc., Chelsey Gallo

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Listing agent

— 116 Derby Rd —

  • Chelsey Gallo

    Lamacchia Realty, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Derby Rd

School District:Revere School District
NameGradesDistance
A. C. Whelan Elementary School
107 Newhall Street, Revere, MA 02151
K-50.5 mi
Susan B. Anthony Middle School
107 Newhall Street, Revere, MA 02151
6-80.5 mi
Rumney Marsh Academy
140 American Legion Highway, Revere, MA 02151
6-81 mi
Garfield Middle School
176 Garfield Avenue, Revere, MA 02151
6-81.9 mi
Revere High School
101 School Street, Revere, MA 02151
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Derby Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/25/2026
Listed
$799,000
17.5%
MLS
7/29/2022
Sold
$680,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 Derby Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,987
-1%
$660,100
-1%
2024
$6,049
6%
$664,000
10%
2023
$5,724
—
$601,900
9%
2022
$5,734
2%
$551,300
9%
2021
$5,618
1%
$508,000
3%
2020
$5,577
4%
$495,300
12%
2019
$5,354
2%
$442,100
9%
2018
$5,238
4%
$404,200
13%
2017
$5,020
21%
$358,800
25%
2016
$4,163
-2%
$288,100
—
2015
$4,264
6%
$288,100
11%
2014
$4,038
—
$259,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Lamacchia Realty, Inc., Chelsey Gallo

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116 Derby Rd, Revere, MA 02151 (MLS# 73541931) is a Multi-Family property with 2 units containing 3 bedrooms and 2 full bathrooms. 116 Derby Rd is currently listed for $799,000 and was received on June 25, 2026. Want to learn more about 116 Derby Rd? Do you have questions about finding other Multi-Family real estate for sale in Revere? You can browse all Revere real estate or contact a Coldwell Banker agent to request more information.

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