Active
24 Days on market
16 Temple Street Revere — Photo 1 of 20

16 Temple Street Revere — Photo 1 of 20

$1,270,000

16 Temple Street, Revere, MA 02151

Revere, MA 02151

Beds

5

Baths

4

SqFt

3,122

Style

4 Family - 4 Units Up/Down

Built

1900

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$407/sqft
Local Avg (Revere)$390/sqft
4% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Revere, MA.

Property Details

Financials

Original Price$1,270,000
Annual Taxes$9,254

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms15
FireplacesNone
FlooringTile, Hardwood, Carpet
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas, Individual
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle, Rubber
FoundationBlock
Zoning111

Property & Lot

Acres0.07
SqFt Lot3,187
Lot FeaturesLevel

Amenities & Appliances

Range

Neighborhood

Public Transportation • Shopping • Public School • T-Station

Geography

Population

60,012

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$87K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

54.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Suffolk County

2,337 housing units permitted in the last 12 months (+13% vs the prior 12 months) — 2,062 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Barbara Peterson

Listing Office: E.W. Peterson & Son RE

MLS® Number: 73570613

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