500 Revere St, Revere, MA 02151

$4,950,000

0 beds 0 baths 6,641 sqft Built 1880Active

About this home

Church on 1/2 acre lot on the road to Revere Beach! Building 10700 Square Feet, development opportunity for builders. Potential "60-70+ unit new construction development. GB Zoning allows for various uses - all questions to the building dept. 5 minutes to Wonderland T station- Blue Line, connecting to all points. It is ideal for investors looking to add income property (units) to their portfolio and be a part of Revere's "booming economy." 5 min walk to America's first public beach-Revere Beach. This is an excellent opportunity for builders/developers to convert to multi-level mid-rise housing. Buyers to do due diligence.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment

$29,703/mo

Real estate (PITI + HOA + PMI): $30,969
Utilities: $722
Transportation: $125
Other (entertainment): $158

Your monthly budget

Budget$30,203/mo

Remaining after TLC$500/mo

Purchase price

$4,950,000

Down payment

$247,500 (5%)

Loan amount

$4,702,500

APR

Quick facts

Type

COM

Style

—

Year built

1880

Lot size

0.47 ac

Stories

Heating

—

Cooling

—

Water

—

HOA

—

Annual tax

$23,751

MLS #

73193691

County

Suffolk

Neighborhood — 02151

Metric	This ZIP	County	USA
Population	44,090	6,444,931	299,088,112
Population Change Since1990	4.00%	7.00%	20.00%
Population Density	7,385	786	—
Male	21,426	3,127,134	147,432,321
Female	22,664	3,317,797	151,655,844
Never Married	11,842	1,612,885	63,775,926
Married	15,891	2,586,314	123,120,365
Separated	1,804	247,857	12,639,686
Widowed	3,339	363,594	15,467,586
Divorced	3,378	436,888	23,075,029
Number Of House Hold	18,159	2,431,591	111,826,380
Average House Hold Size	2.42	2.56	2.60
Medial Age	38.30	37.25	35.46
Median House Hold Income	$41,474	$57,698	$48,276
Average House Hold Income	$52,893	$75,023	$63,629
P C I	$21,861	$29,196	$24,529
M D I	$36,111	$48,105	$41,133
A T H E	$45,335	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	81.40%	81.38%	77.74%

(Zip) Code

2151

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

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Listing information last refreshed 1/16/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.