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$1,489,000
New Listing

581 & 233 Proctor & Washington Ave
Revere, MA 02151

For Sale|Quadruplex|Active
7
Beds
6
Total Baths
4
Full Baths
2
Partial Baths
6,457
SqFt
$231
/SqFt
1960
Built
County:
Suffolk

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581 & 233 Proctor  & Washington  Ave581 & 233 Proctor  & Washington  Ave581 & 233 Proctor  & Washington  Ave581 & 233 Proctor  & Washington  Ave
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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 
0 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 
Active
Property Tax 
$14,000
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
an hour agoListing updated with changes from the MLS®
2 hours agoListing 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 2026-03-03 06:08 PM UTC

Neighborhood & Commute
Source: Walkscore
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