Side-by-Side Two-Family
35 Water St Quincy, MA 02169
35 Water St, Quincy, MA, 02169
$550,000
For Sale
Under Contract
$550,000
MULTI_FAMILY - Quincy, MA
Property Size1,088 SF
Lot Size0.11 Acres
Price / SF$505.51
Days on Market13
Property Features for 35 Water St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BUSB
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3
- Parking
- 5
- Standard status
- Active Under Contract
- APN
- M:3003 B:0042 L:0021,5224119
- Size
- 1,088 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6018
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
Listing Agency
Keller Williams Realty
(781) 843-3200
29 Commercial Street, Braintree, MA
Listed by
Steve Zeboski
(781) 843-3200
Added: Jul 9 Updated: Jul 19 at 7:28 pm Checked: Jul 21 at 2:06 am
MLS# 73547420
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family side-by-side duplex offers two separate living units totaling 1,088 square feet. Unit L features 3 bedrooms and 2 full bathrooms, with two bedrooms upstairs and a primary/master bedroom on the first floor that includes a newer full bathroom. Unit R offers 1 bedroom and 1 bathroom. The home is described as having spacious living rooms and kitchens for both units.
Located in Quincy, the property is presented as within walking distance to the T-station for commuting access.
Zoned BUSB, the offering includes an open house scheduled for Sat/Sun 7/11 & 7/12 from 11:00 a.m. to 1:00 p.m.
Located in Quincy, the property is presented as within walking distance to the T-station for commuting access.
Zoned BUSB, the offering includes an open house scheduled for Sat/Sun 7/11 & 7/12 from 11:00 a.m. to 1:00 p.m.
Key Highlights
- Two‑family side‑by‑side home in Quincy with 1,088 SF total and built in 1900
- Unit L: 3 bedrooms and 2 full bathrooms, with 2 bedrooms upstairs and a master bedroom on the first floor
- Unit L includes a newer full bathroom on the first floor
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $25.80 |
| − Vacancy | −$1.8k | −$1.68 |
| EGI | $26.2k | $24.12 |
| − OpEx | −$7.9k | −$7.24 |
| NOI | $18.4k | $16.89 |
1,088 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.5K
$229.7K – $306.2K
NOI $18,372 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$241.1K
$210.9K – $281.3K
NOI $16,875 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$643.1K
$562.7K – $750.3K
NOI $45,017 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two separate units, including a 3-bedroom/2-bath unit and a 1-bedroom/1-bath unit.
Where is this duplex located?
The property is located at 35 Water St Quincy, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family side‑by‑side home in Quincy with 1,088 SF total and built in 1900; Unit L: 3 bedrooms and 2 full bathrooms, with 2 bedrooms upstairs and a master bedroom on the first floor; Unit L includes a newer full bathroom on the first floor
