Turnkey Duplex with 4
18 N Payne Quincy, MA 02169
18 N Payne, Quincy, MA, 02169
$849,000
For Sale
$849,000
Turnkey duplex with about 2,040 square feet, 10 rooms, 4 bedrooms, and 2.5 baths near transit and local shopping.
Property Size2,040 SF
Price / SF$416.18
Days on Market70
Property Features for 18 N Payne
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Milton
(617) 966-8543
Listed by
Sharon Kelley Ryan
(617) 966-8543
Source
Lockandkeyre
Added: May 13 Updated: Jul 20 at 5:57PM Checked: Jul 21 at 3:33AM
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 Coldwell Banker Realty - Milton
Investment Insights
Based on property information with market context.
This turnkey duplex multi-family property offers approximately 2,040 square feet of bright, versatile living space. The home features a total of 10 rooms, including four bedrooms and 2.5 baths, providing a practical layout for shared or separate household living.
Located at 18 N Payne in Quincy, the property is described as being a short walk from the Quincy Adams Red Line T-Stop, with local bus routes nearby. The surrounding area also includes shopping districts and restaurants.
Offered for sale as a duplex, the property is positioned as a straightforward option for buyers seeking a multi-family configuration in a convenient, transit-accessible Quincy setting.
Located at 18 N Payne in Quincy, the property is described as being a short walk from the Quincy Adams Red Line T-Stop, with local bus routes nearby. The surrounding area also includes shopping districts and restaurants.
Offered for sale as a duplex, the property is positioned as a straightforward option for buyers seeking a multi-family configuration in a convenient, transit-accessible Quincy setting.
Key Highlights
- Duplex multi‑family with about 2,040 sq ft of living space
- Offers 10 rooms, 4 bedrooms, and 2.5 baths
- Year built: 1900
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 | $52.6k | $25.80 |
| − Vacancy | −$3.4k | −$1.68 |
| EGI | $49.2k | $24.12 |
| − OpEx | −$14.8k | −$7.24 |
| NOI | $34.4k | $16.89 |
2,040 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,448 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,407 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with about 2,040 square feet, 10 rooms, 4 bedrooms, and 2.5 baths near transit and local shopping.
Where is this duplex located?
The property is located at 18 N Payne Quincy, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Duplex multi‑family with about 2,040 sq ft of living space; Offers 10 rooms, 4 bedrooms, and 2.5 baths; Year built: 1900
