Two-Family Residential Income
For Sale
$899,000
165 Whitwell St, Quincy, MA 02169
Two well-maintained units with eat-in kitchens, gas cooking, hardwood floors, and separate outdoor decks, plus a detached 2-car garage.
Property Size2,219 SF
Price / SF$405.14
Days on Market168
Property Features for 165 Whitwell St
General Information
Standard status
Active
Size
2,219 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
RESB
Net Operating Income
$50,400
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,131
Amenities
hardwood floors
basement with laundry
walk-out lower level
front porch
rear decks
eat-in kitchens
stainless steel appliances
gas cooking
Building Details
Building Size
2,219 SF
Year Built
1897
Stories
3
Listing Agency:
Bay Market Real Estate
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Mar 23
Changed: Sep 5
Last Checked: Sep 5 at 4:33AM
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 Bay Market Real Estate
Investment Insights
Based on property information with market context.
A beautifully maintained two-family home offering two distinct layouts. The first-floor unit features 4 rooms with a spacious eat-in kitchen. The second unit spans the second and third floors with 7 rooms, including two additional rooms in a finished attic space. Both units include eat-in kitchens with stainless steel appliances, ample cabinetry, and gas cooking, along with gleaming hardwood floors. Outdoor living is supported by a front porch and separate rear decks for each unit.
The home includes a large basement with laundry and a desirable walk-out lower level. Vinyl siding and a well-kept interior round out the property’s overall presentation.
Parking is available via a detached 2-car garage and a paved driveway that can accommodate up to 3 additional tandem spaces. The property is located near Quincy Center T, shopping, dining, and everyday conveniences.
The home includes a large basement with laundry and a desirable walk-out lower level. Vinyl siding and a well-kept interior round out the property’s overall presentation.
Parking is available via a detached 2-car garage and a paved driveway that can accommodate up to 3 additional tandem spaces. The property is located near Quincy Center T, shopping, dining, and everyday conveniences.
Key Highlights
- Two‑family home built in 1897 with two separate unit living areas
- First‑floor unit has 4 rooms and an eat‑in kitchen with stainless steel appliances
- Second unit spans 2nd and 3rd floors with 7 rooms plus finished attic space
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
$37,470
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
4.17%
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%
$749,400
$749.4K
Cap Rate 7%
$535,286
$535.3K
Cap Rate 9%
$416,333
$416.3K
Market Conditions
NOI Build-Up for 2,219 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
$57.3K $25.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$53.5K $24.12/SF
− OpEx
−$16.1K −$7.24/SF
NOI
$37.5K $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%
$749,400
Cap Rate 7%
$535,286
Cap Rate 9%
$416,333
Alternative Uses
Best Use
Multifamily LT 5
$535.3K
$468.4K – $624.5K
NOI $37,470 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,417 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,813 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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?
Duplex - Two well-maintained units with eat-in kitchens, gas cooking, hardwood floors, and separate outdoor decks, plus a detached 2-car garage.
Where is this duplex located?
The property is located at 165 Whitwell St Quincy, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family home built in 1897 with two separate unit living areas; First‑floor unit has 4 rooms and an eat‑in kitchen with stainless steel appliances; Second unit spans 2nd and 3rd floors with 7 rooms plus finished attic space
