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Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,300/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)-buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

More Info

Basic Information

  • Gross Income $63,600
  • Mls StatusNew
  • Parcel Number M:28 B:438K L:23,1379146
  • Rent Includes Unit 1(Heat, Gas, Water), Unit 2(Heat, Gas, Water)

Tax Information

  • Tax Assessed Value $660,100
  • Tax Year 2025
  • Taxes$5,987

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces3

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms3
  • Full Bath2

Basic Information

  • List Price$799,000
  • MLS Number73541931
  • Modification Date06/26/2026
  • Property SubType2 Family - 2 Units Up/Down

Location

  • Address116 Derby Road
  • Building Number116
  • CountySuffolk
  • StateMA
  • StreetDerby Road
  • TownRevere
  • Zip02151

Building

  • BasementWalk-Out Access, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Conventional (2x4-2x6)
  • FoundationBlock
  • Levels 2
  • Patio And Porch Features Deck
  • Rooms9
  • Stories2
  • Units2
  • Utilities For Gas Range, For Gas Oven
  • Year Built1929
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.15

Interior

  • Flooring Tile, Hardwood

Exterior

  • Exterior Features Rain Gutters, Garden
  • Fencing Fenced
  • RoofShingle

Utilities

  • Electric 200+ Amp Service
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,878
  • Lot Size Square Feet 6,560
  • Lot Size Units Acres
  • Square Feet1,878

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Park
    • Public School
    • Public Transportation
    • T-Station
  • Other AmenitiesBasement, Garden

Water Body

  • Miles to Beach0.1
  • Waterfront Features 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningRB

Other

  • Date Listed06/25/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Chelsey Gallo of Lamacchia Realty,Inc.

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