Two-Family Corner
113 Elm Avenue Quincy, MA 02170
113 Elm Avenue, Quincy, MA, 02170
$1,139,000
For Sale
$1,139,000
Well-maintained two-family residence offers renovated kitchen updates, detached garage, and off-street parking on a corner lot.
Property Size2,790 SF
Price / SF$408.24
Days on Market36
Property Features for 113 Elm Avenue
General Information
- Standard status
- Active
- Size
- 2,790 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1928
Listing Agency
Keller Williams Realty
Listed by
Jing Zheng
(401) 333-9333
Source
Residentialproperties
Added: Jun 12 Checked: Jul 15 at 10:12 pm
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two spacious units and classic architectural details with natural light. The property includes a detached garage and off-street parking. The detached garage and corner-lot positioning add practical convenience to the overall setup.
Located in the Wollaston area of Quincy, the home is described as minutes from Wollaston Beach, Quincy Center, and the MBTA Red Line, with nearby shopping, dining, parks, and schools.
The listing notes a beautifully renovated kitchen with white shaker cabinetry, quartz countertops, and stainless-steel appliances, supporting both owner-occupant living and rental income use.
Located in the Wollaston area of Quincy, the home is described as minutes from Wollaston Beach, Quincy Center, and the MBTA Red Line, with nearby shopping, dining, parks, and schools.
The listing notes a beautifully renovated kitchen with white shaker cabinetry, quartz countertops, and stainless-steel appliances, supporting both owner-occupant living and rental income use.
Key Highlights
- 1928‑built, well‑maintained two‑family home in Quincy's Wollaston neighborhood
- Renovated kitchen with white shaker cabinetry, quartz countertops, and stainless‑steel appliances
- Detached garage plus off‑street parking
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 | $72.0k | $25.80 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $67.3k | $24.12 |
| − OpEx | −$20.2k | −$7.24 |
| NOI | $47.1k | $16.89 |
2,790 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.0K
$588.9K – $785.2K
NOI $47,112 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$618.2K
$540.9K – $721.2K
NOI $43,273 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,439 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence offers renovated kitchen updates, detached garage, and off-street parking on a corner lot.
Where is this duplex located?
The property is located at 113 Elm Avenue Quincy, MA.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: 1928‑built, well‑maintained two‑family home in Quincy's Wollaston neighborhood; Renovated kitchen with white shaker cabinetry, quartz countertops, and stainless‑steel appliances; Detached garage plus off‑street parking
