Two-Family Residential Income
153-155 Vassall Street Quincy, MA 02170
For Sale
$890,000
Two-family home with a finished basement, attached garage, and large backyard for flexible use.
Property Size2,200 SF
Price / SF$404.55
Days on Market164
Property Features for 153-155 Vassall Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing Agency:
Thread Real Estate,LLC
Listed By:
Henry Li
(401) 333-9333
Source:
Residentialproperties
Added: Feb 9
Changed: Jul 23
Last Checked: Jul 23 at 7:59AM
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 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 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 4.17%
Second Best
Apartment 5plus
$487.5K
$426.5K – $568.7K
NOI $34,122 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,027 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 Street Quincy, MA.
What is the asking price?
The asking price for this property is $890,000.
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
