Multifamily Property with Owner's
For Sale
$1,095,000
190-192 Kendrick Ave, Quincy, MA 02169
RESB-zoned property combines a spacious private residence with a separate first-floor apartment and substantial outdoor areas.
Property Size2,802 SF
Price / SF$390.79
Days on Market136
Property Features for 190-192 Kendrick Ave
General Information
Standard status
Active
Size
2,802 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
RESB
Net Operating Income
$87,600
Additional Details
Gross Income
$27,600
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,925
Building Details
Building Size
2,802 SF
Year Built
1920
Stories
3
Listing Agency:
The Minuteman Realty Group
(781) 591-0249
Listed By:
Fred Hoang
(781) 996-2951
Source:
Churchillprop
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 16 at 7:32AM
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 The Minuteman Realty Group
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Investment Insights
Based on property information with market context.
This 2,802-square-foot multifamily property, built in 1920, includes a private owner's residence across the second and third floors and a separate apartment on the first floor. The upper residence contains four bedrooms, two full bathrooms, a home office, living room, dining room, and eat-in kitchen. Two balconies, a patio, and gardens extend the usable living space outdoors.
The property also includes a one-car garage and tandem off-street parking for up to four vehicles. Located at 190-192 Kendrick Ave in Quincy, the home is less than 1/2 mile from the Quincy Adams Red Line station, providing rail access to Boston and surrounding areas. RESB zoning supports its multifamily classification.
The property also includes a one-car garage and tandem off-street parking for up to four vehicles. Located at 190-192 Kendrick Ave in Quincy, the home is less than 1/2 mile from the Quincy Adams Red Line station, providing rail access to Boston and surrounding areas. RESB zoning supports its multifamily classification.
Key Highlights
- 2,802 SF multifamily property built in 1920
- Owner's residence spans the second and third floors with 4 bedrooms and 2 full baths
- Separate first‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,459
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,180
$869.2K
Cap Rate 7%
$620,843
$620.8K
Cap Rate 9%
$482,878
$482.9K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$84.1K $30.00/SF
− Vacancy
−$5.0K −$1.80/SF
EGI
$79.0K $28.20/SF
− OpEx
−$35.6K −$12.69/SF
NOI
$43.5K $15.51/SF
Area
Quincy, MA
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,180
Cap Rate 7%
$620,843
Cap Rate 9%
$482,878
Alternative Uses
Best Use
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,459 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,936 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
897
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - RESB-zoned property combines a spacious private residence with a separate first-floor apartment and substantial outdoor areas.
Where is this multifamily property located?
The property is located at 190-192 Kendrick Ave Quincy, MA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 2,802 SF multifamily property built in 1920; Owner's residence spans the second and third floors with 4 bedrooms and 2 full baths; Separate first‑floor apartment
