Two-Unit Duplex Home with Detached
For Sale
$1,139,000
Pending
113 Elm Ave, Quincy, MA 02170
MULTI_FAMILY - Quincy, MA
Property Size2,790 SF
Lot Size0.13 Acres
Days on Market52
Property Features for 113 Elm Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RESB
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5
Parking
6
Fireplace
1
Directions
off Hancock st
Standard status
Pending
APN
186621
Size
2,790 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10353
Building Details
Year built
1928
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty
(781) 843-3200
Listed By:
Steve Zeboski
(781) 843-3200
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 8 at 11:06PM
MLS# 73538134
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 well-maintained two-family duplex home offers a practical owner-occupant setup with rental potential, or an addition for investors seeking a resident-friendly property in a well-established neighborhood. Built in 1928, the home includes two fireplaces and features a renovated kitchen with white shaker cabinetry, quartz countertops, and stainless-steel appliances. A detached garage and off-street parking support convenient day-to-day living, further complemented by its corner lot setting.
The property is located in Quincy’s Wollaston neighborhood, providing easy access to nearby retail and dining, as well as parks and schools. It is also described as being just minutes from Wollaston Beach, Quincy Center, and the MBTA Red Line, supporting commute options to Boston.
Zoned RESB, the offering sits on a 0.1284-acre lot with a total building size of 2,790 square feet.
The property is located in Quincy’s Wollaston neighborhood, providing easy access to nearby retail and dining, as well as parks and schools. It is also described as being just minutes from Wollaston Beach, Quincy Center, and the MBTA Red Line, supporting commute options to Boston.
Zoned RESB, the offering sits on a 0.1284-acre lot with a total building size of 2,790 square feet.
Key Highlights
- Two‑family duplex home with two fireplaces
- Renovated kitchen with white shaker cabinetry, quartz countertops, and stainless‑steel appliances
- Detached garage plus off‑street parking
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
$47,112
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
4.14%
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%
$942,240
$942.2K
Cap Rate 7%
$673,029
$673.0K
Cap Rate 9%
$523,467
$523.5K
Market Conditions
NOI Build-Up for 2,790 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
$72.0K $25.80/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$67.3K $24.12/SF
− OpEx
−$20.2K −$7.24/SF
NOI
$47.1K $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 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%
$942,240
Cap Rate 7%
$673,029
Cap Rate 9%
$523,467
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 02170, MA
19,950
Population
8,471
Households
2.4
Avg Household Size
39
Median Age
46%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
9,500
Density / Sq Mi
$101,840
Median Household Income
$54,561
Median Earnings
$1,801
Median Rent
$661,800
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?
Duplex - Well-maintained two-family residence on a corner lot with a detached garage, off-street parking, and a renovated kitchen.
Where is this duplex located?
The property is located at 113 Elm Ave 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: Two‑family duplex home with two fireplaces; Renovated kitchen with white shaker cabinetry, quartz countertops, and stainless‑steel appliances; Detached garage plus off‑street parking
