Two-Family
New
For Sale
$645,000
26 Prout St, Quincy, MA 02169
Delivered vacant, the two-family property offers flexibility for owner occupancy or rental use.
Property Size1,830 SF
Days on Market6
Property Features for 26 Prout St
General Information
Standard status
Active
Size
1,830 SF
Property subtype
2 Family - 2 Units Side by Side
Property Condition
Severity
Repairs Needed
Evidence
some cosmetic TLC
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,521
Building Details
Building Size
1,830 SF
Year Built
1880
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
The TrustPoint Group
(888) 854-7493
Source:
Nerealtyco
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:29PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1880, this two-family duplex has 4 bedrooms and 2.5 bathrooms. The property will be delivered vacant. Water heaters are less than a year old, and the furnaces are approximately five years old. Some cosmetic work is needed.
The home is on a dead-end street in Quincy, near public transportation, shopping, restaurants, and major highways.
The home is on a dead-end street in Quincy, near public transportation, shopping, restaurants, and major highways.
Key Highlights
- Two‑family duplex with 4 bedrooms and 2.5 bathrooms
- Delivered fully vacant
- Water heaters are less than a year old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,902
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,040
$618.0K
Cap Rate 7%
$441,457
$441.5K
Cap Rate 9%
$343,356
$343.4K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$47.2K $25.80/SF
− Vacancy
−$3.1K −$1.68/SF
EGI
$44.1K $24.12/SF
− OpEx
−$13.2K −$7.24/SF
NOI
$30.9K $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%
$618,040
Cap Rate 7%
$441,457
Cap Rate 9%
$343,356
Alternative Uses
Best Use
Multifamily LT 5
$441.5K
$386.3K – $515.0K
NOI $30,902 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,383 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.08M
$946.5K – $1.26M
NOI $75,718 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Delivered vacant, the two-family property offers flexibility for owner occupancy or rental use.
Where is this duplex located?
The property is located at 26 Prout St Quincy, MA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑family duplex with 4 bedrooms and 2.5 bathrooms; Delivered fully vacant; Water heaters are less than a year old
