Duplex with Detached
For Sale
$1,049,900
Pending
17-19 Albany St, Quincy, MA 02170
Two-level duplex with separate entrances, period character, updated systems, porches, and attic expansion potential.
Property Size2,272 SF
Days on Market131
Property Features for 17-19 Albany St
General Information
Standard status
Pending
Size
2,272 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,502
Building Details
Building Size
2,272 SF
Year Built
1930
Stories
2
Units
2
Listing Agency:
Coldwell Banker Realty - Hingham
(781) 799-0883
Listed By:
Bill Fennelly
(781) 799-0883
Source:
Elliman
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 7:35PM
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 Coldwell Banker Realty - Hingham
Investment Insights
Based on property information with market context.
Built in 1930, this two-family residence offers one oversized living level above another, with approximately 1,136 square feet per floor and a 568-square-foot walk-up attic. Both units have private entrances, fireplaces, eat-in kitchens with pantries, generous storage, and access to enclosed or open porches. The layout also supports conversion of each floor into a two-bedroom unit, while the attic could potentially accommodate two additional bedrooms and a full bathroom for Unit 2.
Property improvements include separate updated systems, gas heat, replacement windows, vinyl siding, and two laundry hookups. A detached two-car garage provides additional utility. The property is located at 17-19 Albany St in Quincy, Massachusetts, with a Walk Score of 49, Transit Score of 50, and Bike Score of 40.
Property improvements include separate updated systems, gas heat, replacement windows, vinyl siding, and two laundry hookups. A detached two-car garage provides additional utility. The property is located at 17-19 Albany St in Quincy, Massachusetts, with a Walk Score of 49, Transit Score of 50, and Bike Score of 40.
Key Highlights
- Two‑family property with approximately 1,136 square feet on each floor
- 568‑square‑foot walk‑up attic with potential for added bedrooms and a full bathroom in Unit 2
- Detached 2‑car garage and private entrances for both units
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
$38,365
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
3.65%
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%
$767,300
$767.3K
Cap Rate 7%
$548,071
$548.1K
Cap Rate 9%
$426,278
$426.3K
Market Conditions
NOI Build-Up for 2,272 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
$58.6K $25.80/SF
− Vacancy
−$3.8K −$1.68/SF
EGI
$54.8K $24.12/SF
− OpEx
−$16.4K −$7.24/SF
NOI
$38.4K $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%
$767,300
Cap Rate 7%
$548,071
Cap Rate 9%
$426,278
Alternative Uses
Best Use
Multifamily LT 5
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$503.4K
$440.5K – $587.3K
NOI $35,239 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,006 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
743
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 - Two-level duplex with separate entrances, period character, updated systems, porches, and attic expansion potential.
Where is this duplex located?
The property is located at 17-19 Albany St Quincy, MA.
What is the asking price?
The asking price for this property is $1,049,900.
What are key features of this property?
This property features: Two‑family property with approximately 1,136 square feet on each floor; 568‑square‑foot walk‑up attic with potential for added bedrooms and a full bathroom in Unit 2; Detached 2‑car garage and private entrances for both units
