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Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 8% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. Public records has it listed as 581 Proctor but Google as 233 Washington Ave

More Info

Basic Information

  • Gross Income $144,000
  • Listing Terms Contract
  • Lot Features Corner Lot
  • Mls StatusActive
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Tax Information

  • Tax Assessed Value $1,126,500
  • Tax Year 2025
  • Taxes$14,000

Parking

  • Parking Spaces

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 5
  • Bedrooms7
  • Full Bath4
  • Half Baths2

Basic Information

  • List Price$1,415,000
  • MLS Number73481847
  • Modification Date05/16/2026
  • Property SubType4 Family

Location

  • Address233 Washington Avenue
  • Building Number233
  • CountySuffolk
  • StateMA
  • StreetWashington Avenue
  • TownRevere
  • Zip02151

Building

  • Building Area Units Square Feet
  • Construction Materials Brick
  • FireplaceYes
  • Fireplace Features Wood Burning
  • Fireplaces Total 1
  • FoundationSlab
  • Levels 4
  • Rooms16
  • Stories4
  • Units4
  • Window Features Picture Window
  • Year Built1960
  • Year Built Details Actual
  • Year Built Source Owner

Property

  • Acreage0.08

Interior

  • Flooring Wood, Tile
  • Interior Features
    • Bathroom With Tub & Shower
    • Ceiling Fan(s)
    • Kitchen
    • Lead Certification Available
    • Living RM/Dining RM Combo
    • Living Room
    • Office/Den
    • Studio
    • Upgraded Cabinets
    • Upgraded Countertops

Exterior

  • RoofShingle

Utilities

  • Cooling Wall Unit(s)
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 6,457
  • Lot Size Square Feet 3,615
  • Lot Size Units Acres
  • Square Feet6,457

Amenities

  • AmenitiesPublic Transportation, Shopping
  • Appliances IncludedRange, Microwave, Refrigerator, Dishwasher, Other
  • Other AmenitiesFireplace
  • Security Features Security System

Legal

  • ZoningMixed Use

Other

  • Date Listed03/03/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Annemarie Torcivia of Trinity Real Estate

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