$3,199,900
About this home
Unique RE Development Opportunity. Become part of the “Shirley Avenue Resurgence” via this potential “50+ unit new construction development.” Currently, it is a mixed-use bldg consisting of 2 Commercial storefronts with three residential units above. Totally “under-utilized” in its present state, zoning allows for various uses. The location is in a transit-oriented district 2-3 minutes from MBTA Blue Line, connecting to all points. Draft preliminary plans for a 50-unit "transit-oriented development" for serious buyers/investors are on file. Existing business to be sold separately. 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. Two properties as a package total 9798 sq ft. See MLS # for additional information regarding 114 Shirley Ave.
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.
- Real estate (PITI + HOA + PMI)
- $20,104
- Utilities
- $730
- Transportation
- $125
- Other (entertainment)
- $158
Quick facts
Home features
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% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 4/12/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.