Duplex with Deep
New
For Sale
$750,000
24-26 Walnut Street, Quincy, MA 02171
Two residences feature hardwood floors, formal living and dining rooms, and a walk-up attic.
Property Size1,912 SF
Price / SF$392.26
Days on Market5
Property Features for 24-26 Walnut Street
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Multi-family
Property Condition
Severity
Repairs Needed
Evidence
some thoughtful updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
fenced-in yard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Metropolitan Realty
Listed By:
Chris Yang
(781) 251-2101
Source:
Trufantre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 11:48PM
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 Metropolitan Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1920, has high ceilings, hardwood flooring throughout, and formal living and dining rooms. A walk-up attic adds flexible space, while the deep garage accommodates parking and storage. The fenced yard is landscaped.
The property is a 9-minute walk from the T and approximately 2 minutes from I-93. Restaurants, shops, supermarkets, and a newly opened Target are nearby.
The property is a 9-minute walk from the T and approximately 2 minutes from I-93. Restaurants, shops, supermarkets, and a newly opened Target are nearby.
Key Highlights
- Two‑family property built in 1920
- 9‑minute walk to the T
- Approximately 2 minutes from I‑93
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,286
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,720
$645.7K
Cap Rate 7%
$461,229
$461.2K
Cap Rate 9%
$358,733
$358.7K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$49.3K $25.80/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$46.1K $24.12/SF
− OpEx
−$13.8K −$7.24/SF
NOI
$32.3K $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%
$645,720
Cap Rate 7%
$461,229
Cap Rate 9%
$358,733
Alternative Uses
Best Use
Multifamily LT 5
$461.2K
$403.6K – $538.1K
NOI $32,286 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$423.6K
$370.7K – $494.3K
NOI $29,655 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.13M
$988.9K – $1.32M
NOI $79,111 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 02171, MA
19,539
Population
9,513
Households
2.1
Avg Household Size
41
Median Age
52%
College-Educated
88%
High-School Grad
2.5 sq mi
ZIP Area
7,816
Density / Sq Mi
$104,992
Median Household Income
$58,835
Median Earnings
$2,281
Median Rent
$630,200
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 residences feature hardwood floors, formal living and dining rooms, and a walk-up attic.
Where is this duplex located?
The property is located at 24-26 Walnut Street Quincy, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family property built in 1920; 9‑minute walk to the T; Approximately 2 minutes from I‑93
