Quincy Two-Family Home For
16 Water St Quincy, MA 02169
16 Water St, Quincy, MA, 02169
$725,000
For Sale
$725,000
Well-maintained two-family home in Quincy, ideal for owner-occupants.
Property Size1,679 SF
Price / SF$431.80
Days on Market61
Property Features for 16 Water St
General Information
- Standard status
- Active
- Size
- 1,679 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing Agency
Keller Williams Realty
Listed by
The Varano Realty Group
Source
Hometown-team
Added: May 18 Checked: Jul 17 at 4:44 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family home is located in Quincy. It is suitable for both owner-occupants and investors. The property features two units with modern conveniences. The first-floor unit has a one-bedroom layout with an open floor plan connecting the living room, dining area, and kitchen. The oversized bathroom includes a tiled shower, a soaking tub, and an in-unit washer and dryer. The second-floor unit features two bedrooms, a living room, an eat-in kitchen, and a full bathroom with a shower. It also has its own washer and dryer combo. The property offers flexible living arrangements and functional layouts. It is located close to shopping, dining, public transportation, and major routes. The property size is 1679 square feet.
Key Highlights
- Two separate units ideal for owner‑occupancy or investment.
- Enjoy the convenience of in‑unit washer and dryer in both units.
- Located in a desirable Quincy location near shopping, dining, public transportation, and major routes.
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 | $43.3k | $25.80 |
| − Vacancy | −$2.8k | −$1.68 |
| EGI | $40.5k | $24.12 |
| − OpEx | −$12.2k | −$7.24 |
| NOI | $28.4k | $16.89 |
1,679 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$372.0K
$325.5K – $434.0K
NOI $26,041 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$992.4K
$868.4K – $1.16M
NOI $69,470 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in Quincy, ideal for owner-occupants.
Where is this duplex located?
The property is located at 16 Water St Quincy, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two separate units ideal for owner‑occupancy or investment.; Enjoy the convenience of in‑unit washer and dryer in both units.; Located in a desirable Quincy location near shopping, dining, public transportation, and major routes.
