Two-Family Residential Income
For Sale
$849,900
153-155 Vassall St, Quincy, MA 02170
Two-family home with a finished basement, attached garage, and large backyard for flexible use.
Property Size2,200 SF
Price / SF$386.32
Days on Market164
Property Features for 153-155 Vassall St
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
RES-B
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,382
Amenities
attached garage
large backyard
Building Details
Building Size
2,200 SF
Year Built
1925
Stories
2
Listing Agency:
Prestige Realty Experts Inc.
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Mar 28
Changed: Sep 6
Last Checked: Sep 6 at 4:43AM
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 Prestige Realty Experts Inc.
Investment Insights
Based on property information with market context.
This two-family duplex at 153-155 Vassall Street includes two separate residential units within a single structure. The first-floor unit features direct access to a finished basement, creating additional interior space that can support a variety of household uses. The second-floor unit is described as cozy and efficient. The property also includes an attached garage and a very large backyard.
The location is described as North Quincy, with access to Hancock Street shopping, dining, and restaurants, and proximity to Wollaston Beach. Commuting options are noted with MBTA Red Line stations available within a walk.
As presented, the layout supports both owner occupancy and rental income, with the finished basement and large outdoor area adding functional flexibility for day-to-day living.
The location is described as North Quincy, with access to Hancock Street shopping, dining, and restaurants, and proximity to Wollaston Beach. Commuting options are noted with MBTA Red Line stations available within a walk.
As presented, the layout supports both owner occupancy and rental income, with the finished basement and large outdoor area adding functional flexibility for day-to-day living.
Key Highlights
- Two‑family home built in 1925
- Finished basement with direct access from the first‑floor unit
- Attached garage
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
$37,149
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
4.37%
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%
$742,980
$743.0K
Cap Rate 7%
$530,700
$530.7K
Cap Rate 9%
$412,767
$412.8K
Market Conditions
NOI Build-Up for 2,200 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
$56.8K $25.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$53.1K $24.12/SF
− OpEx
−$15.9K −$7.24/SF
NOI
$37.1K $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%
$742,980
Cap Rate 7%
$530,700
Cap Rate 9%
$412,767
Alternative Uses
Best Use
Multifamily LT 5
$530.7K
$464.4K – $619.2K
NOI $37,149 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$487.5K
$426.5K – $568.7K
NOI $34,122 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,027 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
718
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-family home with a finished basement, attached garage, and large backyard for flexible use.
Where is this duplex located?
The property is located at 153-155 Vassall St Quincy, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑family home built in 1925; Finished basement with direct access from the first‑floor unit; Attached garage
