Two-Family Duplex with Unfinished
For Sale
$849,000
15 Guild Street, Quincy, MA 02169
Two-family duplex with generously sized rooms, high ceilings, an unfinished attic, and off-street parking for two vehicles.
Property Size2,118 SF
Days on Market31
Property Features for 15 Guild Street
General Information
Standard status
Active
Size
2,118 SF
Total Parking Spaces
2
Property subtype
2 Family - 2 Units Up/Down
Taxes and HOA fees
Annual Taxes
$7,784
Building Details
Building Size
2,118 SF
Year Built
1875
Buildings
1
Tenancy
Multi
Listing Agency:
William Raveis R.E. & Home Services
(617) 322-3933
Listed By:
Austin Partain
Source:
Nerealtyco
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 8 at 9:04AM
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
Investment Insights
Based on property information with market context.
This two-family duplex offers a flexible layout across two units, with generously sized rooms and high ceilings. The property also includes an unfinished attic, providing an opportunity for additional living space or future expansion. Additional features include a small backyard and off-street parking for two vehicles.
Built in 1875, the home is located on a quiet side street in Quincy Center. It’s within walking distance of restaurants, shops, public transportation, and the amenities of downtown Quincy.
Building improvements include a roof replacement completed about 4 years ago, and one of the heating systems replaced about 10 years ago.
Built in 1875, the home is located on a quiet side street in Quincy Center. It’s within walking distance of restaurants, shops, public transportation, and the amenities of downtown Quincy.
Building improvements include a roof replacement completed about 4 years ago, and one of the heating systems replaced about 10 years ago.
Key Highlights
- Two‑family duplex with generously sized rooms and high ceilings
- Unfinished attic provides potential for additional living space or expansion
- Off‑street parking for two vehicles plus a small backyard
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
$35,765
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
4.21%
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%
$715,300
$715.3K
Cap Rate 7%
$510,929
$510.9K
Cap Rate 9%
$397,389
$397.4K
Market Conditions
NOI Build-Up for 2,118 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
$54.6K $25.80/SF
− Vacancy
−$3.6K −$1.68/SF
EGI
$51.1K $24.12/SF
− OpEx
−$15.3K −$7.24/SF
NOI
$35.8K $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%
$715,300
Cap Rate 7%
$510,929
Cap Rate 9%
$397,389
Alternative Uses
Best Use
Multifamily LT 5
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$469.3K
$410.6K – $547.5K
NOI $32,850 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,634 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,759
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
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-family duplex with generously sized rooms, high ceilings, an unfinished attic, and off-street parking for two vehicles.
Where is this duplex located?
The property is located at 15 Guild Street Quincy, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family duplex with generously sized rooms and high ceilings; Unfinished attic provides potential for additional living space or expansion; Off‑street parking for two vehicles plus a small backyard
