Mixed-Use Corner
119-121 Billings Rd Quincy, MA 02171
119-121 Billings Rd, Quincy, MA, 02171
$1,395,000
For Sale
$1,395,000
Two-unit mixed-use corner property with a ground-floor commercial space and residential living over two floors.
Property Size3,290 SF
Price / SF$424.01
Days on Market124
Property Features for 119-121 Billings Rd
General Information
- Standard status
- Active
- Size
- 3,290 SF
Building Details
- Year Built
- 1948
Listing agency
V & E Realty
(617) 290-8289
Listed by
Derek Wong · License #455500324
Source
Insightrealtygroup
Added: Mar 21 Updated: Jul 21 at 4:10PM Checked: Jul 21 at 4:10PM
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 V & E Realty
Investment Insights
Based on property information with market context.
This mixed-use corner property offers two units with a spacious first-floor commercial space and a bright residential unit spanning the second and third floors. The commercial space was previously operated as a dental office for many years. The residential layout includes an eat-in kitchen, living room, dining room, hardwood floors, and abundant natural light from numerous windows. Additional features include a rear sunroom and a large basement.
The property is situated in North Quincy and is described as being just steps to the North Quincy Red Line T station. It is also surrounded by schools, restaurants, supermarkets, banks, and a library.
The configuration supports multiple uses within one building, with ample parking and a generous lot referenced in the remarks for expansion or redevelopment.
The property is situated in North Quincy and is described as being just steps to the North Quincy Red Line T station. It is also surrounded by schools, restaurants, supermarkets, banks, and a library.
The configuration supports multiple uses within one building, with ample parking and a generous lot referenced in the remarks for expansion or redevelopment.
Key Highlights
- 2‑unit mixed‑use corner property (Year built: 1948) with ground‑floor commercial space and residential living over two floors
- First‑floor commercial space previously operated as a dental office for many years
- Residential unit spans the second and third floors with eat‑in kitchen, living room, dining room, hardwood floors, and abundant natural light
Local Financial Insights For Office B
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 | $138.2k | $42.00 |
| − Vacancy | −$19.3k | −$5.88 |
| EGI | $118.8k | $36.12 |
| − OpEx | −$29.7k | −$9.03 |
| NOI | $89.1k | $27.09 |
3,290 SF · lease $42.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.49M
NOI $89,126 @ 7.0% cap · market cap 6.39%
Second Best
Healthcare Medical
$944.1K
$826.1K – $1.10M
NOI $66,090 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,127 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use corner property with a ground-floor commercial space and residential living over two floors.
Where is this mixed-use property located?
The property is located at 119-121 Billings Rd Quincy, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 2‑unit mixed‑use corner property (Year built: 1948) with ground‑floor commercial space and residential living over two floors; First‑floor commercial space previously operated as a dental office for many years; Residential unit spans the second and third floors with eat‑in kitchen, living room, dining room, hardwood floors, and abundant natural light
