Turnkey Multifamily Investment
For Sale
$999,900
7-9 Kittredge Avenue, Quincy, MA 02169
Meticulously maintained multi-family residence in Quincy, MA.
Property Size2,544 SF
Price / SF$393.04
Days on Market244
Property Features for 7-9 Kittredge Avenue
General Information
Standard status
Active
Size
2,544 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
RESB
Net Operating Income
$62,400
Taxes and HOA fees
Annual Taxes
$9,903
Amenities
City/Town Sewer, Public, 220 Volts, Washer Hookup, 13.6, B, 13775, 2022, B, 250
No, Yes, .00, Paved Drive, Paved Drive
No
Wood, Tile
2
Yes
2.0
Washer Hookup
Full
Living Room, Dining Room, Kitchen, Family Room
2.00
Shingle
Easements
Building Details
Year Built
1920
Listing Agency:
Nixon Realty Inc.
(508) 889-5529
Listed By:
Ryan Miranda · License #9581554
(508) 889-5529
Source:
Compass
Added: Dec 8, 2025
Changed: Aug 8
Last Checked: Jul 29 at 3:57AM
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 Nixon Realty Inc.
Investment Insights
Based on property information with market context.
Located at 7–9 Kittredge Ave, Quincy, MA, this multi-family residence is suitable for both owner-occupants and investors. The property offers immediate move-in potential. Both first and second-floor kitchens were fully renovated in 2022, featuring modern finishes, new cabinetry, and upgraded surfaces. The bathrooms on the first and second floors were also renovated in 2022. A new shed built in 2021 provides additional storage. Each unit provides living spaces with layouts. The property is suitable for generating rental income or as an addition to an investment portfolio. The property size is 2544 square feet.
Key Highlights
- Turnkey multi‑family property ideal for owner‑occupants or investors.
- Both first and second‑floor kitchens and bathrooms fully renovated in 2022.
- Immediate move‑in potential with major updates completed.
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
$42,958
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
4.30%
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%
$859,160
$859.2K
Cap Rate 7%
$613,686
$613.7K
Cap Rate 9%
$477,311
$477.3K
Market Conditions
NOI Build-Up for 2,544 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
$65.6K $25.80/SF
− Vacancy
−$4.3K −$1.68/SF
EGI
$61.4K $24.12/SF
− OpEx
−$18.4K −$7.24/SF
NOI
$43.0K $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%
$859,160
Cap Rate 7%
$613,686
Cap Rate 9%
$477,311
Alternative Uses
Best Use
Multifamily LT 5
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,261 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
750
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 - Meticulously maintained multi-family residence in Quincy, MA.
Where is this duplex located?
The property is located at 7-9 Kittredge Avenue Quincy, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Turnkey multi‑family property ideal for owner‑occupants or investors.; Both first and second‑floor kitchens and bathrooms fully renovated in 2022.; Immediate move‑in potential with major updates completed.
