Duplex with Lower-Level
22-24 Prout, Quincy, MA 02169
For Sale
$508,000
Two residential units include a multi-level three-bedroom home and a studio apartment on the lower level.
Property Size1,980 SF
Days on Market51
Property Features for 22-24 Prout
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Cindy Mark Real Estate
Listed By:
Irene Mark
(508) 958-6207
Source:
Nerealtyco
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 12 at 4:38PM
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 Cindy Mark Real Estate
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Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex, built in 1880, has a two-level main residence and a studio apartment in the basement. The main unit includes three bedrooms and a full bathroom upstairs, with a kitchen, living room, and dining room on the first floor. Hardwood floors run through the living and dining areas, and the kitchen opens to a front porch.
The basement studio has a kitchen area with a small stove and sink, plus a bathroom with a shower stall. It is all-electric and has a separate meter; the property also has a new boiler. The property is offered as-is.
The basement studio has a kitchen area with a small stove and sink, plus a bathroom with a shower stall. It is all-electric and has a separate meter; the property also has a new boiler. The property is offered as-is.
Key Highlights
- 1,980 square feet; built in 1880
- Two‑level main residence with 3 bedrooms and a full bathroom
- Basement studio apartment with kitchen area and shower bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,434
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,680
$668.7K
Cap Rate 7%
$477,629
$477.6K
Cap Rate 9%
$371,489
$371.5K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$51.1K $25.80/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$47.8K $24.12/SF
− OpEx
−$14.3K −$7.24/SF
NOI
$33.4K $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 Rate 5%
$668,680
Cap Rate 7%
$477,629
Cap Rate 9%
$371,489
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,434 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$438.7K
$383.9K – $511.8K
NOI $30,710 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,924 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
$552,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Quincy, MA
Properties on Market for Duplexes in Quincy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a multi-level three-bedroom home and a studio apartment on the lower level.
Where is this duplex located?
The property is located at 22-24 Prout Quincy, MA.
What is the asking price?
The asking price for this property is $508,000.
What are key features of this property?
This property features: 1,980 square feet; built in 1880; Two‑level main residence with 3 bedrooms and a full bathroom; Basement studio apartment with kitchen area and shower bathroom
