Two-Unit Residential Income
283 Copeland St Quincy, MA 02169
283 Copeland St, Quincy, MA, 02169
$699,000
For Sale
$699,000
Two-unit multifamily with four-bedroom and two-bedroom layouts, requiring updates and sold as-is.
Property Size2,829 SF
Price / SF$247.08
Days on Market90
Property Features for 283 Copeland St
General Information
- Standard status
- Active
- Size
- 2,829 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
Real Broker MA, LLC
(781) 858-2556
Listed by
Stacey Ballerino
(781) 858-2556
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 6:53PM Checked: Jul 20 at 6:53PM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This two-unit residential income property features a 4-bedroom unit and a 2-bedroom unit, for a combined total of six bedrooms. The building has been owned and cared for by the same family for three generations and is being sold as-is, with updates required. Additional physical notes include a roof approximately five years old, and one unit with an updated gas heating system.
The property is located at 283 Copeland St in Quincy, with convenience to local amenities, public transportation, major routes, and Quincy Center.
Buyers should expect a project property and are encouraged to complete their own due diligence. The property is currently occupied, and viewings should be arranged by appointment only.
The property is located at 283 Copeland St in Quincy, with convenience to local amenities, public transportation, major routes, and Quincy Center.
Buyers should expect a project property and are encouraged to complete their own due diligence. The property is currently occupied, and viewings should be arranged by appointment only.
Key Highlights
- Two‑unit multifamily at 283 Copeland St, Quincy, built in 1920
- Unit mix includes a 4‑bedroom unit and a 2‑bedroom unit (6 bedrooms total)
- Roof is about 5 years old
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $25.80 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $68.2k | $24.12 |
| − OpEx | −$20.5k | −$7.24 |
| NOI | $47.8k | $16.89 |
2,829 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$682.4K
$597.1K – $796.2K
NOI $47,771 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$626.8K
$548.5K – $731.3K
NOI $43,878 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,053 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit multifamily with four-bedroom and two-bedroom layouts, requiring updates and sold as-is.
Where is this duplex located?
The property is located at 283 Copeland St Quincy, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit multifamily at 283 Copeland St, Quincy, built in 1920; Unit mix includes a 4‑bedroom unit and a 2‑bedroom unit (6 bedrooms total); Roof is about 5 years old
