16 Temple Street, Revere MA 02151

Revere, MA 02151
$1,270,000
Est. $7,393/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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5
Beds
4
Baths
3,122
Sq Ft
$407
Price/Sq Ft
0.07
Acres
1900
Year Built
31
Days on Market
For Sale Listed Sep 1, 2026 • MLS# 73570613 Copied! • Updated Oct 1, 2026

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About this home

A FOUR-UNIT PROPERTY. ONE OWNER FOR 40+ YEARS. MAJOR SYSTEM UPDATES. A PRIME REVERE LOCATION. Welcome to 16 Temple Street, Revere - A Well-Maintained 4-Unit Multi-Family Property that has been owned, cared for and thoughtfully maintained by the same owner for more than 40 years. Investors and owner-occupants should take notice. 16 Temple Street is an opportunity you won't want to overlook. Four-Unit properties represent a unique opportunity in the Revere market, offering the potential to acquire a substantial multifamily asset in one of the area's most convenient locations. 16 Temple Street is now ready for its next owner and its next chapter. The property has benefited from decades of responsible ownership and significant recent system upgrades. Each of the four units has separate utilities, and all residents are tenants-at-will. In 2022, the property received four new gas boilers and four new hot-water heaters. The entire electrical service was updated inside and out in 2021, including installation of separate owner's meter. Additional features include double-glazed tilt-in windows for easy cleaning, vinyl siding, a rubber main roof, an asphalt rear roof, and a walk-out basement. The fenced yard provides additional outdoor space and includes an exterior storage shed. Superb location-Walk to the Revere T Station. Bus service is available on Revere Street, while Revere Beach, Logan International Airport, and Boston are all just minutes away. This convenient location provides residents with easy access to transportation, employment, recreation, and the city. Opportunities to purchase a four-unit property in this location and with this history of ownership are uncommon. Whether you're looking to expand your investment portfolio or secure a multifamily property with strong long-term potential.

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Property History

Property Timeline

🏠
Listed for Sale
Sep 1, 2026
$1,270,000
Original listing
Agent: Barbara Peterson Office: E.W. Peterson & Son RE

Tax History

Year Taxes Assessment
2026 $9,254 $1,035,200

Financial Details

Annual Property Tax
$9,254
Tax Year 2026
Assessed Value
$1,035,200

Facts & Features

Home Facts

Type Residential Income
Style 4 Family - 4 Units Up/Down
Year Built 1900
Living Area 3,122 sq ft
Lot Size 0.07 acres
Stories 4
Bedrooms 5
Full Baths 4
Total Rooms 14

Investment Metrics

Units 4
Unit 1 Rent $1,375/mo · N
Unit 2 Rent $1,125/mo · N
Unit 3 Rent $1,375/mo
Unit 4 Rent $1,375/mo
Total Monthly Rent $5,250/mo
Gross Income $54,300
Net Operating Income $35,952
Operating Expenses $18,348
Water/Sewer Expense $2,739
Electric Expense $230
Insurance Expense $3,342
Cap Rate 2.83%
Heating Baseboard, Natural Gas, Individual
Cooling None
Flooring Tile, Hardwood, Carpet
Appliances Range
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Concrete
Laundry None
Features Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen, Family Room
Construction None
Architecture None
Roof Shingle, Rubber
Features None
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Porch
Features On Street
Electric Circuit Breakers, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $9,254
Assessed Value $1,035,200
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Certified Treated, Unknown
Seller Disclosures Four Gas Ranges Included. Three Refrigerators Not Included. On Street Parking With Permit. Lead Paint Certified Treated Unit 1r And Common Areas. Unknown Units 1l, 2l, And 2r.
Exclusions Three Refrigerators Not Included.
Possession None
Accepted Financing None
Structure Type []
House Color Blue
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 30 days

Property Overview

Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
4
Living Area
3,122 sq ft
Total Rooms
14
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Tile, Hardwood, Carpet
Appliances: Range
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen, Family Room
Windows: Insulated Windows
Basement: Full, Walk-Out Access, Interior Entry, Concrete
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof: Shingle, Rubber
Foundation: Block
Stories: 4

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas, Individual
Heating Zones: 4
Cooling: None
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing: Fenced/Enclosed
Other Structures: Shed(s)
Lot Features: Level
Road Surface:

Parking & Garage

Parking Features: On Street
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
E

Elementary Schools

3 schools
B
Paul Revere School
0.2 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
C
Abraham Lincoln School
0.5 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-
Staff Sargent James J. Hill Elementary School
0.9 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
M

Middle Schools

3 schools
A-
Rumney Marsh Academy
0.4 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
1.0 mi | #258 of 352 | Score: 35.7
Improved 8 spots from last year
-22.5 below state avg
537 students Diverse
Grades 06-08
C
Garfield Middle School
1.1 mi | #265 of 352 | Score: 35.1
Dropped 13 spots from last year
-23.1 below state avg
532 students Moderate
Grades 06-08
H

High Schools

3 schools
C
Revere High School
0.6 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
D
CityLab Innovation High School
1.7 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
Everett High School
2.3 mi | #247 of 346 | Score: 47.3
Improved 28 spots from last year
-10.9 below state avg
2,210 students Diverse
17 sports • 1,298 athletes
Rising School Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $771
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Total principal paid $0
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Payment Over Time

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Year 1
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Year 15
50/50
Year 30
95% Principal
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Location

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Neighborhood

16 Temple Street, Revere MA 02151

Revere, MA 02151

Listing Information

Listing Agent Barbara Peterson
Listing Office E.W. Peterson & Son RE
Office Phone 781-233-4424
Agent MLS ID NB110331
Office MLS ID NB1224
Listing Data Updated Oct 1, 2026 4:53 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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Steve Novak Real Estate
Steve Novak Real Estate
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