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72 74 Thornton St

Revere, MA 02151

16 beds
6 baths
6,237 sqft
5,009 sqft lot
$278 per sqft
1920 build
– on site

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72-74 Thornton St is a three-story building and contains a total of six units, consisting of four 3-Bedroom/1-Bathroom units and two 2-Bedroom/1-Bathroom units. The Property is well-located in a renter-dominated market and is typically fully occupied with low historical vacancy. There is a limited supply of multifamily housing in Revere with a high demand for rental units, given its location along the shore and proximity to downtown Boston (5-miles). The Property is located 0.4-miles from the Revere Beach MBTA T-Station and also enjoys close proximity to the commercial center of Revere and the Revere Beach offering an abundance of shopping, restaurant and outdoor recreation amenities. Listed at a 6.46% cap-rate on current income, in-place rents are below the current market rent for comparable units in the market, offering the Buyer the potential to raise rents and increase current revenue through a programmatic upgrade of the common areas and units.

Listing courtesy of MLSPIN / Stephen Girolamo / Horvath & Tremblay

Last checked: Checking… • Last updated Sep 23, 2024 •

MLS# 73255322 —

The Building

Year Built:

1920
Year Built Details:

Actual
Year Built Source:

Public Records
Roof:

Rubber
Basement:

Unfinished
Foundation Details:

Stone
Stories Total:

3
# of Units Total:

6
Building Area Total:

6237
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

28
Fireplace:

false

Room Dimensions

Living Area:

6237

Location

Directions:

Please use GPS
Latitude:

42.408206
Longitude:

-70.998864

The Property

Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Other
Lot Size Units:

Acres
Lot Size Area:

0.11
Lot Size SqFt:

5009
Lot Size Acres:

0.11
Zoning:

RB
Waterfront:

false
Waterfront Features:

Beach Front
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Book Number:

58390
Tax Annual Amount:

15497
Tax Assessed Value:

1701100

Beds

Bedrooms Total:

16

Baths

Total Baths:

6
Total Baths:

6
Full Baths:

6

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Utilities

Electric:

Individually Metered
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Washer

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/23/24 Sep 23, 2024	Sold	MLSPIN	$1,740,000	-0.6%
6/26/24 Jun 26, 2024	Pending	MLSPIN	$1,750,000
6/20/24 Jun 20, 2024	Listed / Active	MLSPIN	$1,750,000

Multifamily Sold on 9/23/2024

$1,740,000

Listing provided by broker:

Stephen Girolamo

Horvath & Tremblay

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Listing Courtesy of: MLSPIN and Horvath & Tremblay.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

72 74 Thornton St

Revere, MA 02151