Two-Unit Duplex with Private
New
For Sale
$799,000
31-33 Pearl Street, Quincy, MA 02169
Both apartments have separate living and dining rooms, with an office in the upper unit and a pantry in the lower.
Property Size2,922 SF
Days on Market6
Property Features for 31-33 Pearl Street
General Information
Standard status
Active
Size
2,922 SF
Property subtype
2 Family - 2 Units Up/Down
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,444
Amenities
private backyard
Building Details
Building Size
2,922 SF
Year Built
1880
Buildings
1
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Austin Partain
(617) 322-3933
Source:
Jonathanradford
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 16 at 1:36PM
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 William Raveis R.E. & Home Services
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Investment Insights
Based on property information with market context.
This 2,922-square-foot duplex contains two apartments, each with a spacious kitchen and separate living and dining rooms. Hardwood floors lie beneath the carpeting, and the interiors would benefit from cosmetic updates. The upper apartment has a dedicated office; the lower includes a large pantry. Built in 1880, the property also has a partially finished basement with a full bathroom, kitchen setup, and storage.
Off-street parking is available on both sides of the property, and a private backyard provides outdoor space. Quincy Center and Quincy Adams MBTA stations are within walking distance, as are restaurants, shops, banks, and everyday services. Highway access is a few minutes away.
Off-street parking is available on both sides of the property, and a private backyard provides outdoor space. Quincy Center and Quincy Adams MBTA stations are within walking distance, as are restaurants, shops, banks, and everyday services. Highway access is a few minutes away.
Key Highlights
- Two apartments, each with separate living and dining rooms
- 2,922 square feet; built in 1880
- Upper unit includes a separate office; lower unit has a large pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,341
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,820
$986.8K
Cap Rate 7%
$704,871
$704.9K
Cap Rate 9%
$548,233
$548.2K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$75.4K $25.80/SF
− Vacancy
−$4.9K −$1.68/SF
EGI
$70.5K $24.12/SF
− OpEx
−$21.1K −$7.24/SF
NOI
$49.3K $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%
$986,820
Cap Rate 7%
$704,871
Cap Rate 9%
$548,233
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,341 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$647.4K
$566.5K – $755.3K
NOI $45,320 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,901 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,759
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have separate living and dining rooms, with an office in the upper unit and a pantry in the lower.
Where is this duplex located?
The property is located at 31-33 Pearl Street Quincy, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two apartments, each with separate living and dining rooms; 2,922 square feet; built in 1880; Upper unit includes a separate office; lower unit has a large pantry
