Two-Family Side-by-Side
35 Water St Quincy, MA 02169
35 Water St, Quincy, MA, 02169
$550,000
For Sale
$550,000
Two-family side-by-side home with two distinct units and a total of four bedrooms and three full bathrooms.
Property Size1,088 SF
Price / SF$505.51
Days on Market9
Property Features for 35 Water St
General Information
- Standard status
- Active
- Size
- 1,088 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
(857) 498-7037
Listed by
Angela Cui
(857) 498-7037
Source
Iverty
Added: Jul 9 Checked: Jul 17 at 3:14 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-family side-by-side duplex offers a total of 1,088 square feet and features four bedrooms and three full bathrooms across two units. Unit L includes three bedrooms and two full bathrooms, with two bedrooms upstairs and a master bedroom on the first floor plus a newer full bathroom. Unit R provides one bedroom and one bathroom.
Located in Quincy, the property is described as within walking distance to the T-station, supporting convenient access for daily commutes.
The layout supports shared ownership or rental use with separate living areas for each unit, while maintaining a straightforward, residence-style configuration throughout.
Located in Quincy, the property is described as within walking distance to the T-station, supporting convenient access for daily commutes.
The layout supports shared ownership or rental use with separate living areas for each unit, while maintaining a straightforward, residence-style configuration throughout.
Key Highlights
- Two‑family side‑by‑side home with 1,088 SF and New England‑style exterior
- Total layout includes 4 bedrooms and 3 full bathrooms
- Unit L features 3 bedrooms and 2 full bathrooms, with 2 bedrooms upstairs and a first‑floor master with a newer full bathroom
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 | $28.1k | $25.80 |
| − Vacancy | −$1.8k | −$1.68 |
| EGI | $26.2k | $24.12 |
| − OpEx | −$7.9k | −$7.24 |
| NOI | $18.4k | $16.89 |
1,088 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.5K
$229.7K – $306.2K
NOI $18,372 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$241.1K
$210.9K – $281.3K
NOI $16,875 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$643.1K
$562.7K – $750.3K
NOI $45,017 @ 7.0% cap · market cap 8.18%
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-family side-by-side home with two distinct units and a total of four bedrooms and three full bathrooms.
Where is this duplex located?
The property is located at 35 Water St Quincy, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family side‑by‑side home with 1,088 SF and New England‑style exterior; Total layout includes 4 bedrooms and 3 full bathrooms; Unit L features 3 bedrooms and 2 full bathrooms, with 2 bedrooms upstairs and a first‑floor master with a newer full bathroom
