Three-Story
For Sale
$1,099,900
452-454 Quarry Street, Quincy, MA 02169
Two residential units feature updated kitchen amenities, in-unit laundry, detached garages, and convenient access to local services.
Property Size2,628 SF
Price / SF$418.53
Days on Market144
Property Features for 452-454 Quarry Street
General Information
Standard status
Active
Size
2,628 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
Resa
Amenities
Central Air
Steam, Oil
Wood, Hardwood
Range, Dishwasher, Washer, Dryer
Upgraded Cabinets, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Sunroom, Laundry Room
Yes
Shingle
2.0
Public Transportation, Shopping, Park, Walk/Jog Trails, Public School
10
Building Details
Building Size
2,628 SF
Year Built
1912
Stories
3
Listing Agency:
Duhallow Real Estate
Listed By:
Robert Mcauliffe
Source:
Reishomesearch
Added: Apr 10
Changed: Aug 29
Last Checked: Apr 22 at 10:59AM
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 Duhallow Real Estate
Investment Insights
Based on property information with market context.
This three-story duplex contains 2,628 square feet of living area on a 9,150-square-foot lot and was built in 1912. The property includes two residential units, each with its own washer and dryer. Kitchen features include stone countertops, shaker cabinetry, a wine cooler, a kitchen bar, a peninsula, and a large island. Two detached garages and additional parking are also provided.
Located at 452-454 Quarry Street in Quincy, the property is near an expressway, park, restaurants, and shopping. The combination of separate-unit functionality, garage space, and substantial lot area supports a range of residential income property considerations.
Located at 452-454 Quarry Street in Quincy, the property is near an expressway, park, restaurants, and shopping. The combination of separate-unit functionality, garage space, and substantial lot area supports a range of residential income property considerations.
Key Highlights
- 2,628 SF duplex on a 9,150‑square‑foot lot
- Two residential units, each with a separate washer and dryer
- Three‑story structure built in 1912
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
$44,377
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
4.03%
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%
$887,540
$887.5K
Cap Rate 7%
$633,957
$634.0K
Cap Rate 9%
$493,078
$493.1K
Market Conditions
NOI Build-Up for 2,628 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
$67.8K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$63.4K $24.12/SF
− OpEx
−$19.0K −$7.24/SF
NOI
$44.4K $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%
$887,540
Cap Rate 7%
$633,957
Cap Rate 9%
$493,078
Alternative Uses
Best Use
Multifamily LT 5
$634.0K
$554.7K – $739.6K
NOI $44,377 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$582.3K
$509.5K – $679.3K
NOI $40,760 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,736 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
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 - Two residential units feature updated kitchen amenities, in-unit laundry, detached garages, and convenient access to local services.
Where is this duplex located?
The property is located at 452-454 Quarry Street Quincy, MA.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 2,628 SF duplex on a 9,150‑square‑foot lot; Two residential units, each with a separate washer and dryer; Three‑story structure built in 1912
