Two-Family Duplex with Dining
New
For Sale
$1,035,000
17-19 Berry St, Quincy, MA 02169
Two residential units provide generous layouts, including a townhouse-style home and a separate apartment with dedicated living and dining areas.
Property Size2,686 SF
Days on Market4
Property Features for 17-19 Berry St
General Information
Standard status
Active
Size
2,686 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/2BA, 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,196
Building Details
Building Size
2,686 SF
Year Built
1920
Stories
3
Units
2
Listing Agency:
New Boston Real Estate Services, LLC
(781) 521-7641
Listed By:
Matthew Quiceno · License #9586310
(781) 521-7641
Source:
Elliman
Added: Aug 20
Changed: Aug 23
Last Checked: Aug 22 at 8:43AM
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 New Boston Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This two-family duplex at 17-19 Berry St offers distinct residences with spacious room arrangements. The larger townhouse-style unit includes three bedrooms and two bathrooms across two floors, along with a living room, separate dining room, and kitchen. The second residence provides two bedrooms, one bathroom, its own living room, and a dedicated dining room.
Built in 1920, the property sits on a quiet dead-end street near Quincy Center. Restaurants, shops, Red Line service, and Commuter Rail access are described as minutes away. Walk Score is 65, Transit Score is 40, and Bike Score is 48. The two-unit configuration supports an owner-occupant seeking rental income from the second residence or an investor evaluating a multifamily property.
Built in 1920, the property sits on a quiet dead-end street near Quincy Center. Restaurants, shops, Red Line service, and Commuter Rail access are described as minutes away. Walk Score is 65, Transit Score is 40, and Bike Score is 48. The two-unit configuration supports an owner-occupant seeking rental income from the second residence or an investor evaluating a multifamily property.
Key Highlights
- Two‑family duplex with separate residential units
- Larger unit features 3 bedrooms and 2 bathrooms across two floors
- Second unit includes 2 bedrooms and 1 bathroom
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
$45,356
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%
$907,120
$907.1K
Cap Rate 7%
$647,943
$647.9K
Cap Rate 9%
$503,956
$504.0K
Market Conditions
NOI Build-Up for 2,686 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
$69.3K $25.80/SF
− Vacancy
−$4.5K −$1.68/SF
EGI
$64.8K $24.12/SF
− OpEx
−$19.4K −$7.24/SF
NOI
$45.4K $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%
$907,120
Cap Rate 7%
$647,943
Cap Rate 9%
$503,956
Alternative Uses
Best Use
Multifamily LT 5
$647.9K
$567.0K – $755.9K
NOI $45,356 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$595.1K
$520.8K – $694.3K
NOI $41,660 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,136 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,433
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide generous layouts, including a townhouse-style home and a separate apartment with dedicated living and dining areas.
Where is this duplex located?
The property is located at 17-19 Berry St Quincy, MA.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: Two‑family duplex with separate residential units; Larger unit features 3 bedrooms and 2 bathrooms across two floors; Second unit includes 2 bedrooms and 1 bathroom
