Quincy Mixed-Use Investment
For Sale
$899,000
Pending
259 Copeland St, Quincy, MA 02169
Mixed-use building with retail and residential units in high-traffic area.
Property Size3,812 SF
Lot Size0.13 Acres
Days on Market210
Property Features for 259 Copeland St
General Information
Standard status
Pending
Size
3,812 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,765
Building Details
Building Size
3,812 SF
Year Built
1946
Listed By:
Francine Jeffers
(617) 710-4997
Source:
Elliman
Added: Mar 10
Changed: Sep 26
Last Checked: Oct 4 at 9:47AM
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 Francine Jeffers
Investment Insights
Based on property information with market context.
This two-story, solid brick building in Quincy offers a mixed-use opportunity, featuring three street-level retail spaces and a 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, zoned BUSB (legal conforming), sits on a 5,766 square foot lot. The total square footage of the building is approximately 3,574. The property is suitable for investors or owner-occupants. The second-floor residential unit will be delivered vacant. 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.
Key Highlights
- Projected gross rental income of $83,784 annually when fully occupied.
- Mixed‑use building featuring three retail units and a spacious 3‑bedroom apartment.
- High‑visibility location with easy access to Routes 93, 128, and 3.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,299
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,980
$1.4M
Cap Rate 7%
$975,700
$975.7K
Cap Rate 9%
$758,878
$758.9K
Market Conditions
NOI Build-Up for 3,574 SF
Gross rent
$120.1K $33.60/SF
− Vacancy
−$10.8K −$3.02/SF
EGI
$109.3K $30.58/SF
− OpEx
−$41.0K −$11.47/SF
NOI
$68.3K $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%
$1,365,980
Cap Rate 7%
$975,700
Cap Rate 9%
$758,878
Alternative Uses
Best Use
Mixed Use
$975.7K
$853.7K – $1.14M
NOI $68,299 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,878 @ 7.0% cap · market cap 16.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
909
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in high-traffic area.
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 rental income of $83,784 annually when fully occupied.; Mixed‑use building featuring three retail units and a spacious 3‑bedroom apartment.; High‑visibility location with easy access to Routes 93, 128, and 3.
