19 Fernwood Ave, Revere MA 02151
Revere, MA 02151
$1,495,000
Est. $8,653/month
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About this home
LOCATION! LOCATION! LOCATION! Revere Multifamily Investment: Six-Unit Income Generator, A rare find in this market! This six-unit multifamily property delivers immediate income potential in a high-demand rental market. Located in Revere, just miles north of Boston, the property is situated near Route 1 and Route 16 w/ direct access to bus lines and Blue Line, positioning tenants for easy commuting. Grocery stores and retail shops nearby enhance rental appeal.The unit mix maximizes income diversity: one spacious three-bedroom, two-bath unit anchors the property, paired with a three-bedroom, one-bath unit in addition to 4 one-bedroom units. Currently occupied with one unit vacant, the property demonstrates strong rental demand characteristic of this community market. Well-maintained and move-in ready. Fifty-plus years under single ownership reflects stability and proven management. This turnkey, established income stream is a great addition to your portfolio. Group showings only.
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Property History
Property Timeline
Listed for Sale
Aug 5, 2026
$1,495,000
Original listing
Agent: Michelle Joslin-Chaves
Office: Leading Edge Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | 🏠 Listed for Sale | $1,495,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,724 | $1,182,400 |
Financial Details
Annual Property Tax
$10,724
Tax Year 2025
Assessed Value
$1,182,400
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1910
Living Area
4,752 sq ft
Lot Size
0.11 acres
Bedrooms
10
Full Baths
7
Total Rooms
23
Investment Metrics
Units
6
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
$1,250/mo · N
Unit 3 Rent
$1,900/mo
Unit 4 Rent
$1,800/mo
Total Monthly Rent
$6,950/mo
Gross Income
$104,700
Net Operating Income
$104,700
Cap Rate
7.00%
Interior
Heating
None
Cooling
None
Flooring
Tile, Vinyl, Carpet, Hardwood
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch, Enclosed, Deck
Parking
Features
On Street
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,724
Assessed Value
$1,182,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Unit 3 Is Vacant. Previously Rented For $1900/month. Ongoing Repairs And Maintenance Over The Years.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
white
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
5 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
10
Full Bathrooms
7
Living Area
4,752 sq ft
Total Rooms
23
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,752 sq ft above grade
0 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed, Deck
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:
Tile, Vinyl, Carpet, Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Enclosed, Deck
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
On 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-
Staff Sargent James J. Hill Elementary School
0.1 mi
|
#452 of 824
|
Score: 46.1
Improved 140 spots from last year
-12.1 below state avg
615 students
Moderate
Rising School
Grades K-05
C
Abraham Lincoln School
0.4 mi
|
#592 of 824
|
Score: 41.4
Improved 88 spots from last year
-16.9 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Immaculate Conception Elementary School
0.4 mi
Grades PK-08
Middle Schools
3 schools
A-
Rumney Marsh Academy
0.5 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
C
Susan B. Anthony Middle School
0.7 mi
|
#260 of 352
|
Score: 35.7
Improved 6 spots from last year
-22.5 below state avg
545 students
Diverse
Grades 06-08
C
Garfield Middle School
1.2 mi
|
#264 of 352
|
Score: 35.1
Dropped 12 spots from last year
-23.1 below state avg
542 students
Moderate
Grades 06-08
High Schools
3 schools
C
Revere High School
0.3 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
D
CityLab Innovation High School
1.5 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
Chelsea Opportunity Academy
1.6 mi
|
#294 of 346
|
Score: 59.3
Same rank as last year
132 students
Less Diverse
College Ready Curriculum
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$894
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
19 Fernwood Ave, Revere MA 02151
Revere, MA 02151
Listing Information
Listing Agent
Michelle Joslin-Chaves
Listing Office
Leading Edge Real Estate
Office Phone
781-979-0100
Agent MLS ID
CN204552
Office MLS ID
AN4646
Listing Data Updated
Aug 10, 2026 12:04 PM 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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