Three-Family Property with Full
For Sale
$1,049,986
Pending
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 Market50
Property Features for 16 Bedford St
General Information
Standard status
Pending
Size
2,723 SF
Total Parking Spaces
6
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$12,111
Building Details
Building Size
2,723 SF
Year Built
1900
Listing Agency:
United Brokers
Listed By:
Matt Tasgin · License #9586146
(857) 361-8584
Source:
Classifiedrealtygroup
Added: Aug 28
Changed: Oct 2
Last Checked: Oct 16 at 6:11AM
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
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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 / Yr
$45,981
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
