Two-Unit Home with
For Sale
$839,900
13 Ash Street, Quincy, MA 02171
Vacant duplex with separate gas and electric utilities, off-street parking, and a coin-operated laundry room.
Property Size1,873 SF
Price / SF$448.42
Days on Market86
Property Features for 13 Ash Street
General Information
Standard status
Active
Size
1,873 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
laundry room
covered porch
heated sun porch
off-street parking
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Bird Dog Real Estate,LLC
Listed By:
James Mulvey
(617) 262-6200
Source:
Cabotandcompany
Added: Jun 7
Changed: Aug 29
Last Checked: Aug 30 at 5:39PM
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 Bird Dog Real Estate,LLC
Investment Insights
Based on property information with market context.
This 1,873-square-foot duplex, built in 1880, includes two separate residences and will be delivered vacant. The upper home spans two levels, with a living room, kitchen, bedroom, heated sun porch, and two or three additional bedrooms upstairs. The first-floor residence offers one bedroom and a covered front porch.
Each unit has separate gas and electric utilities. The basement contains a laundry room with coin-operated machines, while off-street parking serves the property. The home is located on a quiet street in Quincy, with North Quincy Train station a five-minute walk away and access to Boston nearby.
Each unit has separate gas and electric utilities. The basement contains a laundry room with coin-operated machines, while off-street parking serves the property. The home is located on a quiet street in Quincy, with North Quincy Train station a five-minute walk away and access to Boston nearby.
Key Highlights
- 1,873 SF duplex built in 1880
- Upper unit offers two levels of living space with 2/3 upstairs bedrooms
- First‑floor unit includes 1 bedroom and a covered front porch
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
$31,628
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
3.77%
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%
$632,560
$632.6K
Cap Rate 7%
$451,829
$451.8K
Cap Rate 9%
$351,422
$351.4K
Market Conditions
NOI Build-Up for 1,873 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
$48.3K $25.80/SF
− Vacancy
−$3.1K −$1.68/SF
EGI
$45.2K $24.12/SF
− OpEx
−$13.6K −$7.24/SF
NOI
$31.6K $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%
$632,560
Cap Rate 7%
$451,829
Cap Rate 9%
$351,422
Alternative Uses
Best Use
Multifamily LT 5
$451.8K
$395.4K – $527.1K
NOI $31,628 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$415.0K
$363.1K – $484.2K
NOI $29,050 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.11M
$968.7K – $1.29M
NOI $77,497 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 02171, MA
19,539
Population
9,513
Households
2.1
Avg Household Size
41
Median Age
52%
College-Educated
88%
High-School Grad
2.5 sq mi
ZIP Area
7,816
Density / Sq Mi
$104,992
Median Household Income
$58,835
Median Earnings
$2,281
Median Rent
$630,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with separate gas and electric utilities, off-street parking, and a coin-operated laundry room.
Where is this duplex located?
The property is located at 13 Ash Street Quincy, MA.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: 1,873 SF duplex built in 1880; Upper unit offers two levels of living space with 2/3 upstairs bedrooms; First‑floor unit includes 1 bedroom and a covered front porch
