Is Revere, Massachusetts Good for Airbnb Investment?

To start an Airbnb in Revere, Massachusetts, begin by researching local regulations as Revere requires short-term rental operators to obtain a business license from the City Clerk's office and comply with zoning ordinances that may restrict rentals in certain residential areas. Contact the Revere Inspectional Services Department at 781-286-8226 to verify your property meets building and fire safety codes, and obtain necessary permits including a Certificate of Occupancy if required. Find a suitable property by searching areas near Revere Beach or close to the Blue Line MBTA stations for maximum appeal, ensuring the property allows short-term rentals per lease agreements or HOA rules. Furnish the space with essential amenities including Wi-Fi, linens, towels, kitchen basics, and beach equipment given Revere's coastal location, budgeting approximately $3,000-$8,000 for a one-bedroom setup. Create your Airbnb listing with professional photos highlighting proximity to Boston (6 miles), Revere Beach, and public transportation, setting competitive rates around $80-150 per night based on local market analysis. For ongoing management, establish cleaning protocols between guests, respond promptly to inquiries, coordinate key exchanges or install smart locks, maintain the property regularly, collect and remit Massachusetts 5.7% state lodging tax plus any local taxes, and consider hiring local cleaning services or property management companies like RedAwning or Vacasa if you live far from the property.

To identify profitable short-term rental properties in Revere, Massachusetts, focus on locations within walking distance of Revere Beach, the MBTA Blue Line stations (especially Revere Beach and Wonderland), and areas near Suffolk Downs redevelopment project which began major construction around 2019-2020. Target 2-4 bedroom properties with parking, outdoor space, and beach or Boston skyline views, as these command premium rates of $150-300 per night during peak summer months. Analyze pricing using AirDNA and Mashvisor to compare against similar properties in nearby Chelsea and East Boston, while researching competition through Airbnb and VRBO searches within 1-2 mile radius of your target property. Key tools include the City of Revere's online permitting system for STR regulations, Zillow and Redfin for property values, and STR-specific platforms like Rabbu or AllTheRooms for market analysis. Properties near the beach typically achieve 65-75% occupancy rates with average daily rates 20-30% higher than inland locations, while proximity to Logan Airport (15 minutes) attracts business travelers year-round, making areas near Route 1A and the Wonderland T-station particularly lucrative for consistent bookings.

To obtain an Airbnb/STR permit in Revere, Massachusetts, you must first contact the Revere City Clerk's Office at City Hall located at 281 Broadway to apply for a Short-Term Rental License, which typically costs between $200-400 annually and requires submission of a completed application form, proof of property ownership or lease agreement with landlord consent, certificate of occupancy, fire department inspection certificate, building department safety inspection, general liability insurance policy (minimum $1 million coverage), floor plan of the rental unit, and a $50 application processing fee. The process involves scheduling inspections with both the Fire Prevention Office and Building Department, which can take 2-4 weeks to complete, followed by a 30-45 day review period by the city's licensing department. Revere specifically requires that all STR operators maintain a local contact person available 24/7, limit occupancy to no more than 2 guests per bedroom plus 2 additional guests, provide adequate parking spaces, and ensure the property complies with all zoning regulations and noise ordinances. Once approved, the license must be renewed annually and the permit number must be displayed in all online listings, with the entire process typically taking 6-8 weeks from initial application to final approval.

Short-term rentals (STRs) are legal in Revere, Massachusetts, but operate under strict regulations implemented in 2019 following the state's comprehensive STR law. The city requires all STR operators to obtain a local license and register with the state, with properties limited to a maximum of 150 rental nights per year for non-owner-occupied units, while owner-occupied properties face fewer restrictions. Revere prohibits STRs in certain residential zones and requires operators to maintain liability insurance, provide emergency contact information, and comply with health and safety standards including smoke and carbon monoxide detectors. The city has implemented a cap on the total number of STR licenses issued to preserve housing stock for long-term residents, and violations can result in fines up to $300 per day. Recent enforcement efforts have focused on unregistered operators, with the city working closely with platforms like Airbnb and VRBO to ensure compliance, while some neighborhoods near Revere Beach have seen additional scrutiny due to noise and parking concerns from residents.

The best areas for Airbnb investment in Revere, Massachusetts are Revere Beach Boulevard and the surrounding beachfront district, which attracts summer tourists, beach-goers, and visitors to the historic Revere Beach - America's first public beach established in 1896. The Wonderland area near the MBTA Blue Line terminus offers excellent connectivity to downtown Boston (15-minute train ride) making it ideal for business travelers and tourists wanting affordable accommodation outside the city while maintaining easy access to Logan International Airport and Boston attractions. The Point of Pines neighborhood provides a quieter, residential waterfront setting that appeals to families and longer-term visitors seeking a more local experience while still being close to the beach and public transportation. The Broadway corridor, particularly near Revere City Hall and the shopping districts, offers good potential due to its central location and proximity to local businesses, restaurants, and the annual Revere Beach Sand Sculpting Festival which draws thousands of visitors each July, with additional appeal from the area's growing restaurant scene and proximity to Suffolk Downs redevelopment project.

In Revere, Massachusetts, Airbnb hosts are subject to multiple lodging taxes including the state excise tax of 5.7% on short-term rentals under 90 days, plus an additional 6% community impact fee that applies specifically to short-term rentals in most Massachusetts municipalities. The Massachusetts Department of Revenue requires hosts to register for a tax account and collect these taxes from guests at the time of booking, with quarterly remittance due by the 20th of January, April, July, and October. Airbnb typically collects and remits the 5.7% state excise tax automatically for hosts, but the 6% community impact fee may need to be handled separately depending on local agreements. Additionally, hosts must collect the standard 6.25% Massachusetts sales tax on the rental portion of their stays. Exemptions generally apply to stays of 90 days or longer, which are considered long-term rentals rather than short-term accommodations, and certain stays by permanent residents may also be exempt from specific fees, though hosts should verify current local ordinances as Revere may have additional municipal requirements or variations in these standard state rates.

The total cost to start an Airbnb in Revere, Massachusetts is approximately $520,000-$580,000. Property purchase costs around $450,000 based on median home prices in Revere as of 2023. Furnishing a 2-3 bedroom property requires $15,000-$25,000 for quality furniture, bedding, kitchenware, and decor from retailers like IKEA, Wayfair, and West Elm. Initial setup including professional photography, listing creation, and smart locks costs $2,000-$3,000. Permits and fees include a $300 business license, $500 short-term rental permit, and potential $1,000-$2,000 in legal compliance costs depending on local regulations. Insurance premiums for short-term rental coverage run $2,000-$3,000 annually through companies like Proper Insurance or CBIZ. Utility setup and deposits for electricity, gas, water, internet, and cable total $1,500-$2,500. First six months operating costs including utilities ($1,200), cleaning services ($3,600), supplies and maintenance ($1,800), platform fees to Airbnb and Vrbo ($2,400 assuming 60% occupancy), and marketing expenses ($1,000) amount to approximately $10,000. Property taxes, HOA fees if applicable, and potential property management costs could add another $8,000-$12,000 for the initial six-month period.

Airbnb properties in Revere, Massachusetts typically generate annual revenues between $25,000-$45,000 for entire home listings, with average daily rates ranging from $85-$150 depending on proximity to Revere Beach and Boston accessibility. Operating expenses generally consume 40-60% of gross revenue, including cleaning fees ($30-50 per turnover), utilities ($150-250 monthly), property management (10-20% of revenue), insurance ($1,200-2,000 annually), and maintenance costs ($2,000-4,000 yearly). Properties within walking distance of Revere Beach Station achieve higher occupancy rates of 65-75% due to the 20-minute Blue Line connection to downtown Boston, while inland properties average 45-60% occupancy. Net profit margins typically range from 15-35% for well-managed properties, with beachfront condos near Revere Beach Boulevard commanding premium rates during summer months (May-September) when daily rates can exceed $200. Success factors include professional photography, rapid guest communication, proximity to public transportation, and seasonal pricing strategies that capitalize on Boston's tourism peaks. Properties purchased below $400,000 and generating over $35,000 annually often achieve ROI of 8-12%, particularly two-bedroom units that accommodate families visiting Boston while offering more affordable alternatives to downtown hotels.

Airbnb investments in Revere, Massachusetts typically generate annual ROI of 12-18% based on the city's proximity to Boston Logan Airport and Revere Beach attractions. Cash-on-cash returns generally range from 8-14% annually, with properties near the beach commanding premium rates of $150-250 per night during peak summer months and $80-120 during off-season. Most investors achieve profitability within 18-24 months, particularly for 2-3 bedroom properties purchased in the $400,000-600,000 range with 20-25% down payments. The market benefits from consistent demand from airport travelers, beach visitors, and Boston commuters, with occupancy rates averaging 65-75% year-round. Properties within walking distance of Revere Beach or the Blue Line T stations typically outperform the market average by 2-4 percentage points in ROI due to higher nightly rates and booking frequency.

STRSearch is a leading national platform that specializes in identifying profitable short-term rental properties for Airbnb investors in Revere, Massachusetts. Local real estate agents serving the Revere market include Keller Williams Realty, Coldwell Banker Realty, and RE/MAX Advantage who have experience with investment properties in the area. National services like Mashvisor, BiggerPockets, and AirDNA provide market analysis and property identification tools specifically for Airbnb investments in the Greater Boston area including Revere. Local property management companies such as RedAwning, AvantStay, and Boston-based Awning offer turnkey Airbnb management services for investors. Real estate investment firms like Roofstock and Fundrise have expanded into the Massachusetts market, while local specialists such as Boston Real Estate Investments and North Shore Property Group focus on helping investors identify profitable rental properties in coastal Massachusetts communities like Revere. Additional services include AirDNA for market data analysis, Rabbu for property management, and local mortgage brokers like Bay State Savings Bank who understand investment property financing in the Massachusetts market.