120 Dolphin, Revere MA 02151
Revere, MA 02151
$1,945,000
$1,925,000
Est. $10,886/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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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
Price & Status History
Market Insights
1
Price Changes
1%
Price Range
Property Timeline
Price Reduced
Oct 14, 2026
$1,925,000
$20,000
(-1.03%)
From $1,945,000 to $1,925,000 (-1.0%)
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 |
|---|---|---|---|---|---|
| 10/14/2026 | ↓ Price Reduced | $1,925,000 | $20,000 | - | From $1,945,000 to $1,925,000 (-1.0%) |
| 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
Stories
5
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
5.96%
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
Lead Paint
Unknown
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)
144 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
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
Utilities & Systems
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
8 schools
Immaculate Conception Elementary School
1.3 mi
Grades PK-08
B
Beachmont Veterans Memorial School
0.4 mi
|
#351 of 825
|
Score: 48.9
Improved 62 spots from last year
-9.3 below state avg
333 students
Diverse
Rising School
Grades PK-05
B
Garfield Elementary School
0.4 mi
|
#366 of 825
|
Score: 48.5
Improved 353 spots from last year
-9.7 below state avg
615 students
Moderate
Rising School
Grades PK-05
B
Paul Revere School
1.4 mi
|
#392 of 825
|
Score: 48.0
Improved 161 spots from last year
-10.2 below state avg
447 students
Diverse
Rising School
Strong Attendance
Grades K-05
B-
Staff Sargent James J. Hill Elementary School
1.6 mi
|
#449 of 825
|
Score: 46.2
Improved 143 spots from last year
-12 below state avg
603 students
Moderate
Rising School
Grades K-05
C
Abraham Lincoln School
1.7 mi
|
#593 of 825
|
Score: 41.1
Improved 87 spots from last year
-17.1 below state avg
619 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B-
A.C. Whelan Elementary School
2.2 mi
|
#500 of 825
|
Score: 44.8
Improved 61 spots from last year
-13.5 below state avg
619 students
Diverse
Rising School
Grades K-05
The Islamic Education School
2.7 mi
Grades K-05
Middle Schools
3 schools
C
Garfield Middle School
0.4 mi
|
#265 of 352
|
Score: 35.1
Dropped 13 spots from last year
-23.1 below state avg
532 students
Moderate
Grades 06-08
A-
Rumney Marsh Academy
1.4 mi
|
#5 of 16
|
Score: 37.8
Improved 307 spots from last year
-20.5 below state avg
538 students
Moderate
Rising School
Strong Attendance
Grades 06-08
C
Susan B. Anthony Middle School
2.2 mi
|
#258 of 352
|
Score: 35.7
Improved 8 spots from last year
-22.5 below state avg
537 students
Diverse
Grades 06-08
High Schools
2 schools
D
CityLab Innovation High School
0.4 mi
|
#330 of 346
|
Score: 28.3
Improved 11 spots from last year
-29.9 below state avg
128 students
Moderate
College Ready Curriculum
Grades 09-12
C
Revere High School
1.4 mi
|
#246 of 346
|
Score: 47.4
Dropped 14 spots from last year
-10.8 below state avg
1,959 students
Moderate
18 sports
• 1,334 athletes
Early College Program
College Ready Curriculum
Strong Athletics
Grades 09-12
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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
Oct 18, 2026 3:07 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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