Renovated Duplex with Private
For Sale
$799,000
39 Cross Street, Quincy, MA 02169
Updated two-family property with vacant units, separate basements, private laundry, and flexible living arrangements.
Property Size1,919 SF
Price / SF$416.36
Days on Market179
Property Features for 39 Cross Street
General Information
Standard status
Active
Size
1,919 SF
Total Parking Spaces
2
Property subtype
Multi-family / 2 Family - 2 Units Side by Side
Zoning
RESA
Net Operating Income
$55,800
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,324
Amenities
private laundry
storage
No
Vinyl, Hardwood
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
1
Yes
3.0
Screens
Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Full, Bulkhead, Concrete Floor
Living Room, Kitchen
3
3.00
Fenced
Frame
Shingle
Rain Gutters, Fenced Yard, Screens, Porch
Porch
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Conway - Hingham
(781) 749-1600
Listed By:
Christopher Miller · License #9534634
(781) 749-1600
Source:
Compass
Added: Mar 5
Changed: Aug 31
Last Checked: Aug 31 at 1:18AM
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 Conway - Hingham
Investment Insights
Based on property information with market context.
This 1,919-square-foot duplex, built in 1880, contains two vacant residences with distinct layouts. Unit #41 provides single-level living with 2 bedrooms and 1 bath, while Unit #39 extends across two levels with 2 bedrooms, 2 baths, and a private ensuite. Improvements include a new roof, stainless appliances, updated cabinetry and countertops, renovated bathrooms, new flooring, refinished hardwoods, newer oil tanks, and newer electric panels. Each residence has its own basement with laundry equipment and storage. The property also includes a private driveway, fenced yard, porch, rain gutters, and screened areas.
Zoned RESA and located at 39 Cross Street in Quincy, the property is approximately 8 miles from downtown Boston. Public transit, highways, Quincy Center, beaches, parks, shopping, and dining are identified nearby. Both units are delivered clean and vacant, supporting owner-occupancy or continued two-family use.
Zoned RESA and located at 39 Cross Street in Quincy, the property is approximately 8 miles from downtown Boston. Public transit, highways, Quincy Center, beaches, parks, shopping, and dining are identified nearby. Both units are delivered clean and vacant, supporting owner-occupancy or continued two-family use.
Key Highlights
- Two‑family property with 1,919 square feet and two vacant units
- Unit #41: 2 bedrooms, 1 bath, and single‑level layout
- Unit #39: 2 bedrooms, 2 baths, two levels, and private ensuite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,080
$648.1K
Cap Rate 7%
$462,914
$462.9K
Cap Rate 9%
$360,044
$360.0K
Market Conditions
NOI Build-Up for 1,919 SF
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.
Gross rent
$49.5K $25.80/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$46.3K $24.12/SF
− OpEx
−$13.9K −$7.24/SF
NOI
$32.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,080
Cap Rate 7%
$462,914
Cap Rate 9%
$360,044
Alternative Uses
Best Use
Multifamily LT 5
$462.9K
$405.1K – $540.1K
NOI $32,404 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$425.2K
$372.1K – $496.1K
NOI $29,764 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.13M
$992.5K – $1.32M
NOI $79,401 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
953
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with vacant units, separate basements, private laundry, and flexible living arrangements.
Where is this duplex located?
The property is located at 39 Cross 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‑family property with 1,919 square feet and two vacant units; Unit #41: 2 bedrooms, 1 bath, and single‑level layout; Unit #39: 2 bedrooms, 2 baths, two levels, and private ensuite
