Building Details

Building Size 1,278 SF

Year Built 1920

Stories 3

Units 2

Listed By: Allison MacLellan Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 5 Last Checked: Oct 15 at 1:55AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allison MacLellan

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This two-family property is located in Germantown and offers waterfront views. The first-floor unit will be vacant in August, making it suitable for owner occupancy. The second-floor unit is currently occupied by a tenant with a lease extending to July 2022. The second-floor unit includes a bedroom and a loft area that can accommodate an additional bed or serve as an office. Both units were renovated in 2019 and feature granite countertops and new appliances. New boilers have been installed. The property is not located in a flood zone. Both the first and second floors have decks facing the water. Transportation options include a T bus stop at the end of the road and the Red Line train at Wollaston or Quincy Center. Wollaston Beach is nearby, and a small public beach is located a few houses away.

Key Highlights

• Waterfront property with DECKS FACING THE WATER on both units.
• Two‑family home, ideal for owner‑occupancy with rental income from the second unit.
• Not in a flood zone.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,580

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,600 $431.6K

Cap Rate 7%

$308,286 $308.3K

Cap Rate 9%

$239,778 $239.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,278 SF

Gross rent

$33.0K $25.80/SF

− Vacancy

−$2.1K −$1.68/SF

EGI

$30.8K $24.12/SF

− OpEx

−$9.2K −$7.24/SF

NOI

$21.6K $16.89/SF

Area

Quincy, MA

Vacancy

6.50%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$431,600

Cap Rate 7%

$308,286

Cap Rate 9%

$239,778

Alternative Uses

Best Use

Multifamily LT 5

$308.3K

$269.8K – $359.7K (±1% cap)

NOI $21,580 @ 7.0% cap · market cap 3.27%

Second Best

Apartment 5plus

$283.2K

$247.8K – $330.4K (±1% cap)

NOI $19,822 @ 7.0% cap · market cap 3.00%

Theoretical Best

Office A

$755.4K

$661.0K – $881.3K (±1% cap)

NOI $52,879 @ 7.0% cap · market cap 8.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

203

Businesses Nearby

Explore this area Business Placement

Demographics for 02169, MA

62,140

Population

30,198

Households

2.1

Avg Household Size

39

Median Age

48%

College-Educated

92%

High-School Grad

12.1 sq mi

ZIP Area

5,136

Density / Sq Mi

$92,080

Median Household Income

$60,166

Median Earnings

$1,975

Median Rent

$552,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Quincy Two-Family Home For Sale

16 Water St, Quincy, MA 02169

$725,000

1,679 SF

View details

Duplex with Deep Garage

24-26 Walnut Street, Quincy, MA 02171

$750,000

1,912 SF

View details

Updated Two-Family Property

251 Newport Ave, Quincy, MA 02170

$850,000

1,768 SF

View details

Two-Family Duplex with Hardwood Floors

15 Jewett St, Quincy, MA 02169

$899,900

1,728 SF

View details

Duplex with Lower-Level Studio

22-24 Prout, Quincy, MA 02169

$550,000

View details

Two-Family Duplex with Unfinished Attic

15 Guild St, Quincy, MA 02169

$849,000

2,118 SF

View details

Two-Family Residential Income Duplex

153-155 Vassall St, Quincy, MA 02170

$819,900

2,200 SF

View details

Duplex with Full Basement

11 Conrad St, Quincy, MA 02169

$1,100,000

1,924 SF

View details

Two-Family Residential Income Property

165 Whitwell St, Quincy, MA 02169

$869,000

2,219 SF

View details

Duplex with Private Pool

21 Hudson Street, Quincy, MA 02169

$980,000

2,240 SF

View details

Two-Unit Residential Duplex

69-71 Quincy Shore Dr, Quincy, MA 02171

$949,999

View details

Two-Family Duplex with Dining Rooms

17-19 Berry St, Quincy, MA 02169

$1,035,000

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-family home with waterfront views and tenant income.

Where is this duplex located?

The property is located at 10-12 Forbush Ave Quincy, MA.

What is the asking price?

The asking price for this property is $659,900.

What are key features of this property?

This property features: Waterfront property with DECKS FACING THE WATER on both units.; Two‑family home, ideal for owner‑occupancy with rental income from the second unit.; Not in a flood zone.