Side-by-Side Two-Family
67-69 Penn Street Quincy, MA 02169
67-69 Penn Street, Quincy, MA, 02169
$899,000
For Sale
$899,000
Side-by-side duplex with two-bedroom units, walk-out basements, and separate oil heat and utility metering.
Property Size1,893 SF
Lot Size0.27 Acres
Price / SF$474.91
Days on Market64
Property Features for 67-69 Penn Street
General Information
- Standard status
- Active
- Size
- 1,893 SF
- Lot size
- 0.27 Acres
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1890
Listing agency
Bird Dog Real Estate, LLC
(617) 913-0212
Listed by
James Mulvey · License #9531016
(617) 913-0212
Source
Compass
Added: May 19 Updated: Jul 21 at 5:42AM Checked: Jul 21 at 5:42AM
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 Bird Dog Real Estate, LLC
Investment Insights
Based on property information with market context.
This side-by-side two-family home is positioned as the last residence on a dead-end street. The property offers two units with similar layouts, each featuring two bedrooms on the second floor. On the first floor, units include a kitchen, living room, dining room, full bath, and office space, plus a walk-out basement that opens to a large back yard. The home is in need of updating throughout, though the roof was completed in 2017.
Utilities are separately managed for each unit, with separate heating systems (oil), gas hot water tanks, and individual electric panels and meters. The home is an easy walk to the Red Line at Quincy Adams Train Station and provides easy highway access.
Utilities are separately managed for each unit, with separate heating systems (oil), gas hot water tanks, and individual electric panels and meters. The home is an easy walk to the Red Line at Quincy Adams Train Station and provides easy highway access.
Key Highlights
- Side‑by‑side two‑family duplex on a corner lot with 2 bedrooms per unit and 2 full baths total
- Walk‑out basements for both units with interior access
- Separate heating systems (oil) plus gas hot water tanks, electric panels, and separate utility metering for each unit
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 | $48.8k | $25.80 |
| − Vacancy | −$3.2k | −$1.68 |
| EGI | $45.7k | $24.12 |
| − OpEx | −$13.7k | −$7.24 |
| NOI | $32.0k | $16.89 |
1,893 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.6K
$399.6K – $532.8K
NOI $31,965 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$419.4K
$367.0K – $489.3K
NOI $29,360 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.12M
$979.1K – $1.31M
NOI $78,325 @ 7.0% cap · market cap 8.71%
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 - Side-by-side duplex with two-bedroom units, walk-out basements, and separate oil heat and utility metering.
Where is this duplex located?
The property is located at 67-69 Penn Street Quincy, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Side‑by‑side two‑family duplex on a corner lot with 2 bedrooms per unit and 2 full baths total; Walk‑out basements for both units with interior access; Separate heating systems (oil) plus gas hot water tanks, electric panels, and separate utility metering for each unit
