Two-Unit
For Sale
$1,150,000
162-164 Glendale Rd, Quincy, MA 02169
Both residences will be vacant at delivery, with public transit and daily shopping options nearby.
Property Size2,650 SF
Price / SF$433.96
Days on Market40
Property Features for 162-164 Glendale Rd
General Information
Standard status
Active
Size
2,650 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1908
Listing Agency:
Nina-Soto Realty
Listed By:
Cynthia Nina-Soto
(978) 704-8691
Source:
Ninasoto
Added: Sep 21
Changed: Oct 30
Last Checked: Oct 30 at 2:29PM
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 Nina-Soto Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,650 square feet and dates to 1908. Both residences are scheduled to be delivered vacant, allowing a new owner to plan for occupancy after closing.
The property is in Quincy Center, with access to the MBTA Red Line, major highways, grocery stores, parks, restaurants, and local shopping. The Red Line provides transit service toward Boston and surrounding communities.
The property is in Quincy Center, with access to the MBTA Red Line, major highways, grocery stores, parks, restaurants, and local shopping. The Red Line provides transit service toward Boston and surrounding communities.
Key Highlights
- Two residential units
- 2,650 square feet
- Built in 1908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,748
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,960
$895.0K
Cap Rate 7%
$639,257
$639.3K
Cap Rate 9%
$497,200
$497.2K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$68.4K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$63.9K $24.12/SF
− OpEx
−$19.2K −$7.24/SF
NOI
$44.7K $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%
$894,960
Cap Rate 7%
$639,257
Cap Rate 9%
$497,200
Alternative Uses
Best Use
Multifamily LT 5
$639.3K
$559.4K – $745.8K
NOI $44,748 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$587.2K
$513.8K – $685.0K
NOI $41,102 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,646 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,294
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences will be vacant at delivery, with public transit and daily shopping options nearby.
Where is this duplex located?
The property is located at 162-164 Glendale Rd Quincy, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two residential units; 2,650 square feet; Built in 1908
