Date
Details
Price
Change
Source
3/03/2026
Listed
$1,489,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,489,000 Just Listed
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Property Description
Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .
Full Property Details
Full Property Details for 581 & 233 Proctor & Washington Ave
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General
- Price: $1,489,000
- Taxes: $14,000 (2025)
- Status: Active
- Type: Multi-Family
- MLS ID: 73481847
- Updated: Today (3/3/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 4
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Location
- County: Suffolk
Structural Information
- Stories/Levels: 4
- Square Feet: 6,457
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.08
Financial Considerations
- Tax Amount: $14,000
- Tax Year: 2025
Disclosures and Reports
- Disclosures/Rstr.: Sellers will paint trim and put plantings before closing.
Listed by Trinity Real Estate, Annemarie Torcivia
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Listing agent
— 581 & 233 Proctor & Washington Ave —
Annemarie Torcivia
Trinity Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 581 & 233 Proctor & Washington Ave
School District:Revere School District
| Name | Grades | Distance |
|---|---|---|
A. C. Whelan Elementary School 107 Newhall Street, Revere, MA 02151 | K-5 | 0.3 mi |
Susan B. Anthony Middle School 107 Newhall Street, Revere, MA 02151 | 6-8 | 0.3 mi |
Rumney Marsh Academy 140 American Legion Highway, Revere, MA 02151 | 6-8 | 0.7 mi |
Garfield Middle School 176 Garfield Avenue, Revere, MA 02151 | 6-8 | 1.6 mi |
Revere High School 101 School Street, Revere, MA 02151 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 581 & 233 Proctor & Washington Ave
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- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 2Total Baths
- 1,515Sq. Ft.
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- Multi-Family
- Closed
- 6Units
- 12Total Beds
- 0.17Acres
Listed by Peter Giannikopoulos and Jonathan Hoyos
581 & 233 Proctor & Washington Ave, Revere, MA 02151 (MLS# 73481847) is a Multi-Family property with 4 units containing 7 bedrooms, 4 full bathrooms and 2 partial bathrooms. 581 & 233 Proctor & Washington Ave is currently listed for $1,489,000 and was received on March 03, 2026. Want to learn more about 581 & 233 Proctor & Washington Ave? Do you have questions about finding other Multi-Family real estate for sale in North Lawrence? You can browse all North Lawrence real estate or contact a Coldwell Banker agent to request more information.