Two-Family Residential Income
153-155 Vassall Street Quincy, MA 02170
153-155 Vassall Street, Quincy, MA, 02170
$919,000
For Sale
$919,000
Two-family home with an attached garage and a finished basement accessible from the first-floor unit.
Property Size2,200 SF
Price / SF$417.73
Days on Market118
Property Features for 153-155 Vassall Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1925
Listing agency
Thread Real Estate, LLC
(781) 728-9689
Listed by
Henry Li · License #9518359
(781) 728-9689
Source
Compass
Added: Mar 28 Updated: Jul 22 at 1:19PM Checked: Jul 22 at 1:19PM
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 Thread Real Estate, LLC
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate units, with the first-floor unit offering direct access to a finished basement for additional usable space. The home also features an attached garage and a very large backyard.
Located on Vassall Street in Quincy, the property is described as being near Hancock Street shopping and dining, with Wollaston Beach noted as within walking distance. Commuting is supported by proximity to the Wollaston and North Quincy MBTA Red Line stations.
The overall configuration provides flexibility for either rental income or owner occupancy, with a finished basement that can support extra living or work space.
Located on Vassall Street in Quincy, the property is described as being near Hancock Street shopping and dining, with Wollaston Beach noted as within walking distance. Commuting is supported by proximity to the Wollaston and North Quincy MBTA Red Line stations.
The overall configuration provides flexibility for either rental income or owner occupancy, with a finished basement that can support extra living or work space.
Key Highlights
- North Quincy two‑family home built in 1925, with a frame exterior and shingle roof on a level lot.
- Finished full basement with direct access from the first‑floor unit, offering additional living space for a family room or home office.
- 3 total bathrooms: 2 full baths and 1 half bath.
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 | $56.8k | $25.80 |
| − Vacancy | −$3.7k | −$1.68 |
| EGI | $53.1k | $24.12 |
| − OpEx | −$15.9k | −$7.24 |
| NOI | $37.1k | $16.89 |
2,200 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.7K
$464.4K – $619.2K
NOI $37,149 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$487.5K
$426.5K – $568.7K
NOI $34,122 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,027 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with an attached garage and a finished basement accessible from the first-floor unit.
Where is this duplex located?
The property is located at 153-155 Vassall Street Quincy, MA.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: North Quincy two‑family home built in 1925, with a frame exterior and shingle roof on a level lot.; Finished full basement with direct access from the first‑floor unit, offering additional living space for a family room or home office.; 3 total bathrooms: 2 full baths and 1 half bath.
