120 Dolphin, Revere MA 02151
Revere, MA 02151
$1,945,000
Est. $10,988/month
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About this home
Presenting a rare opportunity to acquire a fully occupied 6-unit multifamily property just moments from Revere Beach. Situated on a level lot with two driveway entrances and ample off-street parking, this investment offers strong in-place income with future upside. Current monthly rent roll is $12,100 with as-is pro forma rents projected to be at least $14,400/month, plus there is an approximately $2,000 annually in laundry income. Property features potential expansion for 2 additional units on the top level. Conveniently located near public transit with train access to Boston, major highways, shopping, dining, and a playground 1 block away on the same street. Excellent opportunity for investors seeking cash flow, appreciation, and long-term value add potential. Sellers reserve the right to accept an offer at anytime.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
May 27, 2026
$1,945,000
Original listing
Agent: Justin Brown
Office: Three Hills Real Estate Service, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/27/2026 | 🏠 Listed for Sale | $1,945,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $11,431 | $1,295,500 |
Financial Details
Annual Property Tax
$11,431
Tax Year 2025
Assessed Value
$1,295,500
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1970
Living Area
4,180 sq ft
Lot Size
0.19 acres
Bedrooms
9
Full Baths
6
Total Rooms
21
Investment Metrics
Units
6
Unit 1 Rent
$1,750/mo · N
Unit 2 Rent
$1,600/mo · N
Unit 3 Rent
$2,000/mo · N
Unit 4 Rent
$1,900/mo · N
Total Monthly Rent
$7,250/mo
Gross Income
$147,200
Net Operating Income
$114,651
Operating Expenses
$30,549
Water/Sewer Expense
$7,531
Electric Expense
$990
Insurance Expense
$16,887
Cap Rate
5.89%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
7
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,431
Assessed Value
$1,295,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
8 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1970
Bedrooms
9
Full Bathrooms
6
Living Area
4,180 sq ft
Total Rooms
21
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,180 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1970
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Cleared, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
7
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Revere School District local
C
School Safety
2024-25
4.0%
Above Average
1.8%
Suspensions
0.1%
Expulsions
2.1%
Emergency
1.5% below state avg
Elementary Schools
3 schools
B
Beachmont Veterans Memorial School
0.4 mi
|
#350 of 824
|
Score: 49.1
Improved 63 spots from last year
-9.1 below state avg
346 students
Diverse
Rising School
Grades PK-05
B
Garfield Elementary School
0.4 mi
|
#370 of 824
|
Score: 48.4
Improved 349 spots from last year
-9.8 below state avg
639 students
Moderate
Rising School
Grades PK-05
William P. Gorman/Fort Banks Elementary School
1.0 mi
487 students
Less Diverse
Grades PK-02
Middle Schools
3 schools
C
Garfield Middle School
0.4 mi
|
#264 of 352
|
Score: 35.1
Dropped 12 spots from last year
-23.1 below state avg
542 students
Moderate
Grades 06-08
B+
Winthrop Middle School
1.3 mi
|
#119 of 352
|
Score: 47.4
Dropped 26 spots from last year
-10.8 below state avg
439 students
Less Diverse
Grades 06-08
A-
Rumney Marsh Academy
1.4 mi
|
#5 of 16
|
Score: 37.6
Improved 307 spots from last year
-20.6 below state avg
587 students
Moderate
Rising School
Grades 06-08
High Schools
3 schools
D
CityLab Innovation High School
0.4 mi
|
#327 of 346
|
Score: 28.4
Improved 14 spots from last year
-29.8 below state avg
117 students
Moderate
College Ready Curriculum
Grades 09-12
C+
Winthrop High School
1.3 mi
|
#241 of 346
|
Score: 47.2
Dropped 112 spots from last year
-11 below state avg
568 students
Less Diverse
18 sports
• 1,118 athletes
College Ready Curriculum
Strong Athletics
Grades 09-12
C
Revere High School
1.4 mi
|
#249 of 346
|
Score: 46.2
Dropped 17 spots from last year
-12 below state avg
2,115 students
Moderate
18 sports
• 1,334 athletes
Early College Program
College Ready Curriculum
Strong Athletics
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$953
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
120 Dolphin, Revere MA 02151
Revere, MA 02151
Listing Information
Listing Agent
Justin Brown
Listing Office
Three Hills Real Estate Service, LLC
Office Phone
833-434-4557
Agent MLS ID
CT008226
Office MLS ID
AN4227
Listing Data Updated
Jun 4, 2026 10:41 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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