Two-Story Residential Income
For Sale
$895,000
10 Edgemere Rd, Quincy, MA 02169
Two-story multifamily residence offering six bedrooms and two full baths with additional first-floor space not in records.
Property Size1,950 SF
Price / SF$458.97
Days on Market163
Property Features for 10 Edgemere Rd
General Information
Standard status
Active
Size
1,950 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
RESA
Net Operating Income
$55,200
Taxes and HOA fees
Annual Taxes
$6,859
Building Details
Building Size
1,950 SF
Year Built
1960
Stories
4
Listing Agency:
Prestige Realty Experts Inc.
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Mar 29
Changed: Sep 6
Last Checked: Sep 7 at 5:06AM
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 Prestige Realty Experts Inc.
Investment Insights
Based on property information with market context.
This two-story residential income property, originally built in 1960, offers a flexible layout with second-floor living area listed at 1,056 square feet, plus additional first-floor space not reflected in public records. The configuration includes six dedicated bedrooms and two full baths, supporting multiple occupancy arrangements within the home’s compact footprint.
The property sits on a 5,295-square-foot lot and includes outdoor space for everyday use, including room for parking and personal enjoyment. Public remarks indicate the address is close to stores, restaurants, and public transit.
As presented, the home provides a straightforward multifamily configuration centered on bedroom count and two-bath functionality, with room for tenants to operate independently across the two levels.
The property sits on a 5,295-square-foot lot and includes outdoor space for everyday use, including room for parking and personal enjoyment. Public remarks indicate the address is close to stores, restaurants, and public transit.
As presented, the home provides a straightforward multifamily configuration centered on bedroom count and two-bath functionality, with room for tenants to operate independently across the two levels.
Key Highlights
- Two‑story multifamily residence built in 1960
- Second‑floor living area totals 1,056 SF, plus additional first‑floor space not included in public records
- Layout includes 6 dedicated bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,900
$604.9K
Cap Rate 7%
$432,071
$432.1K
Cap Rate 9%
$336,056
$336.1K
Market Conditions
NOI Build-Up for 1,950 SF
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.
Gross rent
$58.5K $30.00/SF
− Vacancy
−$3.5K −$1.80/SF
EGI
$55.0K $28.20/SF
− OpEx
−$24.7K −$12.69/SF
NOI
$30.2K $15.51/SF
Area
Quincy, MA
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,900
Cap Rate 7%
$432,071
Cap Rate 9%
$336,056
Alternative Uses
Best Use
Apartment 5plus
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,206
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story multifamily residence offering six bedrooms and two full baths with additional first-floor space not in records.
Where is this multifamily property located?
The property is located at 10 Edgemere Rd Quincy, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑story multifamily residence built in 1960; Second‑floor living area totals 1,056 SF, plus additional first‑floor space not included in public records; Layout includes 6 dedicated bedrooms and 2 full bathrooms
