Duplex with Separate
118-120 Charles St, Quincy, MA 02169
For Sale
$760,000
Two independent residences share one property, each with in-unit laundry and an insulated walk-up attic.
Property Size1,368 SF
Price / SF$555.56
Days on Market51
Property Features for 118-120 Charles St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
hardwood flooring
central A/C
gas heat and cooking
modern kitchens and baths
in-unit laundry
walk-up attic
Building Details
Year Built
Buildings
Listing Agency:
William Raveis R.E. & Home Services
(617) 322-3933
Listed By:
Rebecca Huang
(617) 888-0018
Source:
Remmesco
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 7 at 7:03PM
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 William Raveis R.E. & Home Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this duplex comprises two separate single-family homes on one property. Both residences have hardwood flooring, central A/C, gas heat and cooking, modern kitchens and baths, and in-unit laundry. Each also includes a walk-up attic with full insulation for storage.
The water is a short walk away. The homes provide separate living spaces within a shared property.
The water is a short walk away. The homes provide separate living spaces within a shared property.
Key Highlights
- Two separate single‑family homes on one property
- Both homes were built in 2021
- Each residence has hardwood flooring, central A/C, and gas heat and cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,100
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,000
$462.0K
Cap Rate 7%
$330,000
$330.0K
Cap Rate 9%
$256,667
$256.7K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$35.3K $25.80/SF
− Vacancy
−$2.3K −$1.68/SF
EGI
$33.0K $24.12/SF
− OpEx
−$9.9K −$7.24/SF
NOI
$23.1K $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 Rate 5%
$462,000
Cap Rate 7%
$330,000
Cap Rate 9%
$256,667
Alternative Uses
Best Use
Multifamily LT 5
$330.0K
$288.8K – $385.0K
NOI $23,100 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$303.1K
$265.2K – $353.6K
NOI $21,218 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$808.6K
$707.5K – $943.4K
NOI $56,602 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
118
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
$552,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Quincy, MA
Properties on Market for Duplexes in Quincy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences share one property, each with in-unit laundry and an insulated walk-up attic.
Where is this duplex located?
The property is located at 118-120 Charles St Quincy, MA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two separate single‑family homes on one property; Both homes were built in 2021; Each residence has hardwood flooring, central A/C, and gas heat and cooking
