Vacant Side-by-Side
For Sale
$569,900
Pending
18 Prout St, Quincy, MA 02169
Two separate residences offer three bedrooms, open layouts, and convenient access to transit, shopping, dining, and major highways.
Property Size2,511 SF
Days on Market70
Property Features for 18 Prout St
General Information
Standard status
Pending
Size
2,511 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RESB
Property Condition
Severity
Repairs Needed
Evidence
summer project
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,694
Building Details
Building Size
2,511 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
Cameron Real Estate Group
(978) 821-2404
Listed By:
Bob Devito
(978) 821-2404
Source:
Alliancepartnersre
Added: Jun 23
Changed: Aug 29
Last Checked: Jul 4 at 12:04PM
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 Cameron Real Estate Group
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,511 square feet and was built in 1900. Each residence includes three bedrooms, an open floor plan, and a generously sized kitchen area. The property is being delivered vacant and presents a renovation project on a large, level lot with off-street parking.
Located at 18 Prout St in Quincy, the property is near public transportation, grocery stores, restaurants, shopping, and highway connections. A one-year American Home Shield warranty is included.
Located at 18 Prout St in Quincy, the property is near public transportation, grocery stores, restaurants, shopping, and highway connections. A one-year American Home Shield warranty is included.
Key Highlights
- Side‑by‑side duplex with 2,511 square feet
- Both units feature 3 bedrooms and open floor plans
- Large kitchens in each residence
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
$42,401
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
7.44%
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%
$848,020
$848.0K
Cap Rate 7%
$605,729
$605.7K
Cap Rate 9%
$471,122
$471.1K
Market Conditions
NOI Build-Up for 2,511 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
$64.8K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.6K $24.12/SF
− OpEx
−$18.2K −$7.24/SF
NOI
$42.4K $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%
$848,020
Cap Rate 7%
$605,729
Cap Rate 9%
$471,122
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,401 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$556.4K
$486.8K – $649.1K
NOI $38,946 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,895 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,066
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 separate residences offer three bedrooms, open layouts, and convenient access to transit, shopping, dining, and major highways.
Where is this duplex located?
The property is located at 18 Prout St Quincy, MA.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,511 square feet; Both units feature 3 bedrooms and open floor plans; Large kitchens in each residence
