Three-Family Property with Full
For Sale
$1,049,986
16 Bedford St, Quincy, MA 02169
Three residential units with separate gas and electric utilities, private outdoor space, and a recently refreshed vacant unit.
Property Size2,723 SF
Days on Market8
Property Features for 16 Bedford St
General Information
Standard status
Active
Size
2,723 SF
Property subtype
3 Family
Taxes and HOA fees
Annual Taxes
$12,111
Building Details
Building Size
2,723 SF
Year Built
1900
Listing Agency:
United Brokers
(857) 361-8584
Listed By:
Matt Tasgin · License #9586146
Source:
Allisonmazer
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 30 at 10:29PM
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 United Brokers
Investment Insights
Based on property information with market context.
This three-family property contains 14 rooms, 6 bedrooms, and 3 full bathrooms within approximately 2,723 square feet of living space. The layout includes three residential units, a full basement with multiple rooms, and separate gas and electric utilities. Exterior features include a large driveway, oversized shed, and a flat, fenced patio backyard. The property was built in 1900 and has received updates over the years.
One unit is vacant and has been refreshed with new paint, refinished floors, and additional improvements. The property is near public transportation, the beach, major highways, shopping, dining, and everyday amenities. Its three-unit configuration and existing basement, storage, parking, and outdoor areas provide a range of practical features for residential income use.
One unit is vacant and has been refreshed with new paint, refinished floors, and additional improvements. The property is near public transportation, the beach, major highways, shopping, dining, and everyday amenities. Its three-unit configuration and existing basement, storage, parking, and outdoor areas provide a range of practical features for residential income use.
Key Highlights
- Three‑family property with 14 rooms, 6 bedrooms, and 3 full bathrooms
- Approximately 2,723 sq. ft. of living space
- Full basement with multiple rooms for storage
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
$45,981
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
4.38%
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%
$919,620
$919.6K
Cap Rate 7%
$656,871
$656.9K
Cap Rate 9%
$510,900
$510.9K
Market Conditions
NOI Build-Up for 2,723 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
$70.3K $25.80/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$65.7K $24.12/SF
− OpEx
−$19.7K −$7.24/SF
NOI
$46.0K $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%
$919,620
Cap Rate 7%
$656,871
Cap Rate 9%
$510,900
Alternative Uses
Best Use
Multifamily LT 5
$656.9K
$574.8K – $766.4K
NOI $45,981 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,667 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,834
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?
Triplex - Three residential units with separate gas and electric utilities, private outdoor space, and a recently refreshed vacant unit.
Where is this triplex located?
The property is located at 16 Bedford St Quincy, MA.
What is the asking price?
The asking price for this property is $1,049,986.
What are key features of this property?
This property features: Three‑family property with 14 rooms, 6 bedrooms, and 3 full bathrooms; Approximately 2,723 sq. ft. of living space; Full basement with multiple rooms for storage
