Mixed-Use Property with Detached
171-173 Sumner Street, Quincy, MA 02169
For Sale
New
$1,595,000
The property combines a three-family residence, commercial storefront space, private parking, and vacant land.
Property Size3,465 SF
Price / SF$460.32
Days on Market6
Property Features for 171-173 Sumner Street
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Mixed-Use Components
Amenities
private parking
detached garage
Building Details
Year Built
Listing Agency:
John F Farraher Broker
Listed By:
John Farraher
(781) 413-6800
Source:
Oldeforgerealty
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:12PM
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 John F Farraher Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 171–173 Sumner Street and 387–389 Washington Street, this mixed-use property pairs a three-family residence with commercial storefront space. The residential portion has 7 bedrooms and 3 bathrooms. Other site features include private parking, a detached 2-car garage, and vacant land. The property was built in 1940.
Public transportation is accessible from the property, with major routes, shopping, and restaurants also cited as nearby. High-rise residential buildings are noted in the surrounding area.
Public transportation is accessible from the property, with major routes, shopping, and restaurants also cited as nearby. High-rise residential buildings are noted in the surrounding area.
Key Highlights
- Three‑family residence with 7 bedrooms and 3 bathrooms
- Commercial storefront space on the property
- Detached 2‑car garage, private parking, and vacant land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,216
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,320
$1.3M
Cap Rate 7%
$945,943
$945.9K
Cap Rate 9%
$735,733
$735.7K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$116.4K $33.60/SF
− Vacancy
−$10.5K −$3.02/SF
EGI
$105.9K $30.58/SF
− OpEx
−$39.7K −$11.47/SF
NOI
$66.2K $19.11/SF
Area
Quincy, MA
Vacancy
9.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,320
Cap Rate 7%
$945,943
Cap Rate 9%
$735,733
Alternative Uses
Best Use
Mixed Use
$945.9K
$827.7K – $1.10M
NOI $66,216 @ 7.0% cap · market cap 4.15%
Second Best
Multifamily LT 5
$835.9K
$731.4K – $975.2K
NOI $58,510 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,368 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
850
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
$552,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Norfolk County, MA
Properties on Market for Mixed-use properties in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a three-family residence, commercial storefront space, private parking, and vacant land.
Where is this mixed-use property located?
The property is located at 171-173 Sumner Street Quincy, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three‑family residence with 7 bedrooms and 3 bathrooms; Commercial storefront space on the property; Detached 2‑car garage, private parking, and vacant land
