Mixed-Use Property with
387 Washington St, Quincy, MA 02169
For Sale
$1,550,000
The building combines a three-family residence and two commercial spaces under one ownership.
Property Size3,465 SF
Price / SF$447.33
Days on Market32
Property Features for 387 Washington St
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Building Details
Year Built
Tenancy
Listing Agency:
William Raveis R.E. & Home Services
(781) 837-5600
Listed By:
Red Giovanucci
(781) 710-5906
Source:
Lockandkeyre
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 3:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 387 Washington Street in Quincy, this mixed-use property brings together a three-family residence and two commercial storefronts. The residential portion has seven bedrooms and three bathrooms. The building dates to 1940.
Key Highlights
- Three‑family residence with 7 bedrooms and 3 bathrooms
- Two commercial storefronts
- Building constructed in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,216
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,320
$1.3M
Cap Rate 7%
$945,943
$945.9K
Cap Rate 9%
$735,733
$735.7K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$116.4K $33.60/SF
− Vacancy
−$10.5K −$3.02/SF
EGI
$105.9K $30.58/SF
− OpEx
−$39.7K −$11.47/SF
NOI
$66.2K $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%
$1,324,320
Cap Rate 7%
$945,943
Cap Rate 9%
$735,733
Alternative Uses
Best Use
Mixed Use
$945.9K
$827.7K – $1.10M
NOI $66,216 @ 7.0% cap · market cap 4.27%
Second Best
Multifamily LT 5
$835.9K
$731.4K – $975.2K
NOI $58,510 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,368 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
850
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
$552,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Norfolk County, MA
Properties on Market for Mixed-use properties in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a three-family residence and two commercial spaces under one ownership.
Where is this mixed-use property located?
The property is located at 387 Washington St Quincy, MA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three‑family residence with 7 bedrooms and 3 bathrooms; Two commercial storefronts; Building constructed in 1940
