Residential Income Duplex with
209-213 Centre Street Quincy, MA 02169
209-213 Centre Street, Quincy, MA, 02169
$1,080,000
For Sale
$1,080,000
Two-family setup plus a two-story garage structure with partially finished residential space on a small residential lot.
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$385.71
Days on Market9
Property Features for 209-213 Centre Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing agency
Dream Realty
Listed by
Lin Xu
(774) 280-2745
Source
Broadboutique
Added: Jul 13 Updated: Jul 20 at 4:11AM Checked: Jul 21 at 9:06AM
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 Dream Realty
Investment Insights
Based on property information with market context.
This offering consists of three buildings on one residential 0.11-acre lot, currently arranged as a legal two-family property. The main house includes 7 rooms with 3 bedrooms and 2 full bathrooms, hardwood floors throughout, high ceilings, granite countertops, and a finished basement. Building 2 is a separate income-producing rental unit with 3 rooms and 1 bedroom.
Building 3 is a two-story structure that includes a 361 sq. ft. garage on the first level and an additional 371 sq. ft. of residentially zoned, partially finished space above. That upper space is presented as flexible and could be completed as a studio, home office, workshop, or other permitted use, subject to local regulations.
The property is located within walking distance of the Quincy Adams MBTA Red Line Station, with convenient access to shopping, dining, and major highways.
Building 3 is a two-story structure that includes a 361 sq. ft. garage on the first level and an additional 371 sq. ft. of residentially zoned, partially finished space above. That upper space is presented as flexible and could be completed as a studio, home office, workshop, or other permitted use, subject to local regulations.
The property is located within walking distance of the Quincy Adams MBTA Red Line Station, with convenient access to shopping, dining, and major highways.
Key Highlights
- Year Built 1925 two‑family home on a 0.11‑acre lot with three separate buildings on one parcel
- Main house has 7 rooms with 3 bedrooms and 2 full bathrooms, plus hardwood floors and high ceilings
- Main house includes granite countertops and a finished basement
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 | $72.2k | $25.80 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $67.5k | $24.12 |
| − OpEx | −$20.3k | −$7.24 |
| NOI | $47.3k | $16.89 |
2,800 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$675.4K
$591.0K – $788.0K
NOI $47,281 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$620.4K
$542.9K – $723.8K
NOI $43,428 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,853 @ 7.0% cap · market cap 10.73%
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 - Two-family setup plus a two-story garage structure with partially finished residential space on a small residential lot.
Where is this duplex located?
The property is located at 209-213 Centre Street Quincy, MA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Year Built 1925 two‑family home on a 0.11‑acre lot with three separate buildings on one parcel; Main house has 7 rooms with 3 bedrooms and 2 full bathrooms, plus hardwood floors and high ceilings; Main house includes granite countertops and a finished basement
