Updated Two-Family
For Sale
$850,000
251 Newport Ave, Quincy, MA 02170
Two one-bedroom units with parking, recent flooring improvements, and convenient transit access.
Property Size1,768 SF
Price / SF$480.77
Days on Market47
Property Features for 251 Newport Ave
General Information
Standard status
Active
Size
1,768 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
BUSB
Net Operating Income
$46,200
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,467
Building Details
Building Size
1,768 SF
Year Built
1898
Buildings
1
Stories
2
Listing Agency:
Denkar Realty Group
(617) 792-7871
Listed By:
Christine Xie
(781) 308-9393
Source:
Churchillprop
Added: Sep 6
Changed: Oct 18
Last Checked: Oct 20 at 6:15PM
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 Denkar Realty Group
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Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom units within a 1,768-square-foot property built in 1898. Flooring improvements were completed in 2024, and the property includes ample parking. Zoning is designated BUSB.
The property is located at 251 Newport Ave in Quincy, approximately a 2-minute walk from Wollaston T Station. Shopping and restaurants are nearby, with access to major highways also available. The adjacent property at 245-247 Newport Ave is separately available for buyers considering a larger multifamily acquisition.
The property is located at 251 Newport Ave in Quincy, approximately a 2-minute walk from Wollaston T Station. Shopping and restaurants are nearby, with access to major highways also available. The adjacent property at 245-247 Newport Ave is separately available for buyers considering a larger multifamily acquisition.
Key Highlights
- Two one‑bedroom units in a duplex configuration
- 1,768‑square‑foot property built in 1898
- Partial flooring updates completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,855
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,100
$597.1K
Cap Rate 7%
$426,500
$426.5K
Cap Rate 9%
$331,722
$331.7K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$45.6K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$42.6K $24.12/SF
− OpEx
−$12.8K −$7.24/SF
NOI
$29.9K $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%
$597,100
Cap Rate 7%
$426,500
Cap Rate 9%
$331,722
Alternative Uses
Best Use
Multifamily LT 5
$426.5K
$373.2K – $497.6K
NOI $29,855 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,422 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.05M
$914.4K – $1.22M
NOI $73,153 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 02170, MA
19,950
Population
8,471
Households
2.4
Avg Household Size
39
Median Age
46%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
9,500
Density / Sq Mi
$101,840
Median Household Income
$54,561
Median Earnings
$1,801
Median Rent
$661,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units with parking, recent flooring improvements, and convenient transit access.
Where is this duplex located?
The property is located at 251 Newport Ave Quincy, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two one‑bedroom units in a duplex configuration; 1,768‑square‑foot property built in 1898; Partial flooring updates completed in 2024
