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$1,489,000
24 Days On Site
581 & 233 Proctor & Washington AveRevere, MA 02151
For Sale|Quadruplex|Pending
7
Beds
6
Total Baths
4
Full Baths
2
Partial Baths
6,457
SqFt
$231
/SqFt
1960
Built
County:
Suffolk
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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. .
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Listing Snapshot
Price
$1,489,000
Days On Site
24 Days
Bedrooms
7
Inside Area (SqFt)
6,457 sqft
Total Baths
6
Full Baths
4
Partial Baths
2
Lot Size
0.08 Acres
Year Built
1960
MLS® Number
73481847
Status
Pending
Property Tax
$14,000
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Pending | |
| 4 weeks ago | Listing first seen on site |
General Features
Acres
0.08
Disclosures
Sellers will paint trim and put plantings before closing.
Foundation
Slab
Number Of Stories
4
Property Sub Type
Quadruplex
Security
Security System
Sewer
Public Sewer
SqFt Above
6457
SqFt Total
6457
Water Source
Public
Zoning
Mixed Use
Interior Features
Appliances
RangeMicrowaveRefrigeratorDishwasherOther
Fireplace
Yes
Fireplace Features
Wood Burning
Fireplaces
1
Flooring
WoodTile
Heating
Natural GasBaseboard
Interior
Ceiling Fan(s)
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Exterior Features
Construction Details
Brick
Lot Features
Corner Lot
Roof
Shingle
Community Features
Financing Terms Available
Contract
Listing courtesy of Annemarie Torcivia of Trinity Real Estate
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Last checked 2026-03-28 02:05 PM UTC
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Last checked 2026-03-28 02:05 PM UTC
Neighborhood & Commute
Source: Walkscore
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