Well-Maintained Four-Family Corner
15-17 Grafton St Quincy, MA 02169
15-17 Grafton St, Quincy, MA, 02169
$1,199,000
For Sale
$1,199,000
Immaculate four-family property with updated utilities and off-street parking.
Property Size2,540 SF
Price / SF$472.05
Days on Market88
Property Features for 15-17 Grafton St
General Information
- Standard status
- Active
- Size
- 2,540 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX Realty Pros
Listed by
Tom McFarland
Source
Gundersheimgroup
Added: Apr 21 Checked: Jul 10 at 2:42 am
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 RE/MAX Realty Pros
Investment Insights
Based on property information with market context.
This well-maintained four-family property is situated on a large corner lot. The building comprises three one-bedroom units and one two/three-bedroom unit, which is currently vacant. The property features updated, separate utilities for each unit, maintenance-free vinyl siding and windows, a newer roof, and vinyl porches. Off-street parking is available. The property is located in Norfolk County, Massachusetts, and is zoned RESB. It is situated off Main Street towards Grafton Street. This property presents an investment opportunity or potential for owner occupancy with a history of rentals. The building size is 2540 square feet.
Key Highlights
- Vacant 2/3 bedroom unit ideal for immediate occupancy or maximizing rental income.
- Well‑maintained 4‑family property on a large corner lot.
- Separate, updated utilities for each unit.
Local Financial Insights For Multifamily LT 5
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 | $65.5k | $25.80 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $61.3k | $24.12 |
| − OpEx | −$18.4k | −$7.24 |
| NOI | $42.9k | $16.89 |
2,540 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.7K
$536.1K – $714.9K
NOI $42,891 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,095 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Immaculate four-family property with updated utilities and off-street parking.
Where is this quadplex located?
The property is located at 15-17 Grafton St Quincy, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Vacant 2/3 bedroom unit ideal for immediate occupancy or maximizing rental income.; Well‑maintained 4‑family property on a large corner lot.; Separate, updated utilities for each unit.
