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Rarely does a property this turnkey hit the market steps from Revere Beach. The perfect trifecta: owner occupant dream, cash flowing investment, or condo conversion candidate. Unit 1 is a vacant, fully renovated 2 bed/2 bath featuring new flooring, fresh paint, stainless appliances, a master suite with private bath and walk-in closet, and a sliding glass door to a private covered patio. Unit 2, directly above, is a sun-drenched 3 bed/1 bath featuring soaring cathedral ceilings, large kitchen island, and a slider to a deck where ocean views await. Currently leased at $3,200/mo through 8/1 with the option to continue on month to month market rent ($3,500+). Each unit features brand new tankless water heaters, heat and AC, in-unit washer/dryer, and separate utilities. Newly landscaped fenced yard with arborvitae trees that divide it into two private retreats. Brand new exterior vinyl siding, new composite deck, cable railings, and 5 off-street parking spaces. Less than a mile from the T!
More Info
Basic Information
- Gross Income $38,400
- Lot Features Level
- Mls StatusNew
- Parcel Number M:10 B:188B3 L:34A
- Rent Includes Unit 2(Water)
- Road Frontage DescriptionPaved
Tax Information
- Tax Assessed Value $740,000
- Tax Year 2025
- Taxes$6,712
Parking
- Open Parking YN Yes
- Parking Features Shared Driveway, Off Street, Stone/Gravel, Unpaved
- Parking Spaces5
Rooms
- Bathroom3
- Bathrooms Total Decimal 3
- Bedrooms5
- Full Bath3
Basic Information
- List Price$1,029,999
- MLS Number73530597
- Modification Date06/04/2026
- Property SubTypeMulti Family
Location
- Address48-50 Arcadia Street
- Building Number48-50
- CountySuffolk
- NeighborhoodOak Island
- StateMA
- StreetArcadia Street
- SubdivisionOak Island
- TownRevere
- Zip02151
Building
- Building Area Units Square Feet
- Construction Materials Modular
- Door Features Insulated Doors, Storm Door(s)
- FoundationConcrete Perimeter
- Levels 2
- Patio And Porch Features Deck - Vinyl, Covered
- Rooms9
- Stories2
- Units2
- Utilities For Electric Dryer, Washer Hookup, Varies Per Unit
- Window Features Skylight(s)
- Year Built1987
- Year Built Details Actual
- Year Built Source Public Records
Property
- Acreage0.15
- Other Structures Shed(s)
Interior
- Flooring Wood, Hardwood
- Interior Features
- Bathroom With Tub
- Bathroom with Shower Stall
- Cathedral/Vaulted Ceilings
- Ceiling Fan(s)
- Internet Available - Fiber-Optic
- Kitchen
- Laundry Room
- Living RM/Dining RM Combo
- Living Room
- Open Floorplan
- Slider
- Storage
- Upgraded Cabinets
- Upgraded Countertops
- Walk-In Closet(s)
Exterior
- Exterior Features Balcony/Deck, Rain Gutters, Professional Landscaping, Sprinkler System
- Fencing Fenced/Enclosed, Fenced
- RoofShingle
Utilities
- Cooling Central Air
- Cooling YN Yes
- Electric 200+ Amp Service, Individually Metered
- Heat SystemYes
- Heating Central, Natural Gas
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 2,160
- Lot Size Square Feet 6,700
- Lot Size Units Acres
- Road Responsibility Public Maintained Road
- Square Feet2,160
- Structure Type House
- View YN Yes
Amenities
- Amenities
- Conservation Area
- Highway Access
- Park
- Public Transportation
- Shopping
- T-Station
- Walk/Jog Trails
- Appliances IncludedRange, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Green Energy Efficient Thermostat
Water Body
- Miles to Beach0.3
- Waterfront Features Ocean,1/10 to 3/10 To Beach, Beach Ownership(Public)
Legal
- ZoningRB
Other
- Date Listed06/04/2026
- Farm Land Area Units Square Feet
Map Location
Listed by Joseph Samuelman of Stuart St James,Inc.
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