Properties

Save
Ask
Tour
Hide
Share
$1,750,000
32 Days Online

72-74 Thornton St
Revere, MA 02151

For Sale|Multi-Family|Pending
County:
Suffolk

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 978-423-7782
Is this the home for you? We can help make it yours.
978-423-7782
72-74 Thornton St72-74 Thornton St72-74 Thornton St72-74 Thornton St
Save
Ask
Tour
Hide
Share

72-74 Thornton St is a three-story building and contains a total of six units, consisting of four 3-Bedroom/1-Bathroom units and two 2-Bedroom/1-Bathroom units. The Property is well-located in a renter-dominated market and is typically fully occupied with low historical vacancy. There is a limited supply of multifamily housing in Revere with a high demand for rental units, given its location along the shore and proximity to downtown Boston (5-miles). The Property is located 0.4-miles from the Revere Beach MBTA T-Station and also enjoys close proximity to the commercial center of Revere and the Revere Beach offering an abundance of shopping, restaurant and outdoor recreation amenities. Listed at a 6.46% cap-rate on current income, in-place rents are below the current market rent for comparable units in the market, offering the Buyer the potential to raise rents and increase current revenue through a programmatic upgrade of the common areas and units.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,750,000
Days Online 
32 Days
Bedrooms 
16
Inside Area (SqFt) 
6,237 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
0.11 Acres
Year Built 
1920
MLS® Number 
73255322
Status 
Pending
Property Tax 
$15,497
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Pending
a month agoListing first seen online
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Basement 
Unfinished
Number of Stories 
3
Acreage 
0.11
Water 
Public
Property Sub Type 
Multi Family
Garage Spaces 
0
Foundation 
StoneBrick/ MortarBrick/Mortar
Zoning 
RB
Buyer Agent Compensation 
2%
Facilitator Compensation 
0
Compensation Based On 
Net Sale Price
Sub-Agency Relationship Offered 
No
Garage 
0
Electricity 
Individually Metered
Interior Features
Appliances 
WasherDryer
Fireplaces 
0
Fireplace 
No
Save
Ask
Tour
Hide
Share
Exterior Features
Roof 
Rubber
Spa 
No
Waterfront Property 
No
Waterfront Features 
Beach FrontSound3/10 to 1/2 Mile To BeachBeach Ownership( Public)
Lot 
Other
Lot Features 
Other
Waterview Features 
Beach FrontSound3/10 to 1/2 Mile To BeachBeach Ownership(Public)
Community Features
Community Features 
Public TransportationShoppingPoolTennis Court(s)ParkWalk/ Jog TrailsMedical FacilityLaundromatBike PathHighway AccessHouse of WorshipMarinaPrivate SchoolPublic SchoolT- StationWalk/Jog TrailsT-Station
Senior Community 
No
Adult Care Community 
No
Listing courtesy of Stephen Girolamo of Horvath & Tremblay



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Data Last Updated at 2024-07-22 09:20 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share