Mixed-Use Building in Prime
For Sale
$899,000
259 Copeland St, Quincy, MA 02169
Mixed-use property with retail and residential units in Quincy.
Property Size3,812 SF
Price / SF$235.83
Days on Market498
Property Features for 259 Copeland St
General Information
Standard status
Active
Size
3,812 SF
Taxes and HOA fees
Annual Taxes
$13,765
Building Details
Year Built
1946
Listing Agency:
Kelley & Rege Properties, Inc.
Listed By:
Paul Rege
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Oct 21 at 1:17AM
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 Kelley & Rege Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story, solid brick mixed-use building in Quincy features three street-level retail spaces and a spacious second-floor 3-bedroom apartment. The property is located just off Willard Street, providing convenient access to Routes 93, 128, and 3. It benefits from a high-visibility location and includes off-street parking for five vehicles. The property is situated on a 5,766 square foot lot and is zoned BUSB (legal conforming). The total square footage of the building is approximately 3,574 square feet. The property is currently generating a projected gross rental income of $83,784 annually when fully occupied, with additional potential for reimbursement of operating expenses. The second-floor residential unit will be delivered vacant, offering immediate occupancy or lease-up potential. The parking lot address is 78 Cross Street, Quincy, MA.
Key Highlights
- Projected gross annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.
- Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.
- Excellent location just off Willard Street with easy access to Routes 93, 128, and 3.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,847
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,940
$1.5M
Cap Rate 7%
$1,040,671
$1.0M
Cap Rate 9%
$809,411
$809.4K
Market Conditions
NOI Build-Up for 3,812 SF
Gross rent
$128.1K $33.60/SF
− Vacancy
−$11.5K −$3.02/SF
EGI
$116.6K $30.58/SF
− OpEx
−$43.7K −$11.47/SF
NOI
$72.8K $19.11/SF
Area
Quincy, MA
Vacancy
9.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,940
Cap Rate 7%
$1,040,671
Cap Rate 9%
$809,411
Alternative Uses
Best Use
Mixed Use
$1.04M
$910.6K – $1.21M
NOI $72,847 @ 7.0% cap · market cap 8.10%
Second Best
Retail
$878.3K
$768.5K – $1.02M
NOI $61,480 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,725 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Home Improvements & Furnishings 25%
The UPS Store
Shops & Services
12,935 visits/mo
0.3 miles
Curry Ace Paint & Hardware
Home Improvements & Furnishings
7,928 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,026 visits/mo
0.4 miles
Gulf Oil
Shops & Services
4,732 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Quincy.
Where is this mixed-use property located?
The property is located at 259 Copeland St Quincy, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Projected gross annual rental income of $83,784 when fully occupied, with potential for expense reimbursement.; Mixed‑use building with three retail units and a spacious 3‑bedroom apartment.; Excellent location just off Willard Street with easy access to Routes 93, 128, and 3.
