Two-Family Residential
For Sale
$979,900
9 Germain Avenue, Quincy, MA 02169
Well-maintained two-family property with updated kitchens, hardwood bedrooms, and separate gas and water metering.
Property Size2,150 SF
Price / SF$455.77
Days on Market15
Property Features for 9 Germain Avenue
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1929
Listing Agency:
Nixon Realty Inc.
Listed By:
Ryan Miranda
(617) 420-9033
Source:
Sredboston
Added: Jul 20
Changed: Jul 26
Last Checked: Aug 2 at 4:14PM
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.
This well-maintained two-family investment property was built in 1929 and offers approximately 2,150 square feet of living space. The home includes six bedrooms and two full bathrooms, with each unit featuring an updated kitchen with stainless steel appliances, ample cabinet space, and durable flooring. Bedrooms have hardwood floors, and the bathrooms are finished with tile. The first-floor heating system was replaced in 2019.
The property is separately metered for gas and water, with two gas meters, two oil tanks, and separate heating systems. A sump pump is located in the basement. Outside, there is a private backyard and a front porch.
The current configuration adds bedrooms by using former living room areas, supporting flexibility for rental layouts. The property is described as being conveniently located near public transportation, shopping, restaurants, and major highways in Quincy.
The property is separately metered for gas and water, with two gas meters, two oil tanks, and separate heating systems. A sump pump is located in the basement. Outside, there is a private backyard and a front porch.
The current configuration adds bedrooms by using former living room areas, supporting flexibility for rental layouts. The property is described as being conveniently located near public transportation, shopping, restaurants, and major highways in Quincy.
Key Highlights
- Two‑family built in 1929 with approx. 2,150 sq ft of living space, 6 bedrooms, and 2 full bathrooms
- Updated kitchens in each unit with stainless steel appliances and ample cabinet space
- Hardwood floors in the bedrooms; tile‑finished bathrooms
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 | $55.5k | $25.80 |
| − Vacancy | −$3.6k | −$1.68 |
| EGI | $51.9k | $24.12 |
| − OpEx | −$15.6k | −$7.24 |
| NOI | $36.3k | $16.89 |
2,150 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.6K
$453.8K – $605.1K
NOI $36,305 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$476.4K
$416.8K – $555.8K
NOI $33,347 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,958 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
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 - Well-maintained two-family property with updated kitchens, hardwood bedrooms, and separate gas and water metering.
Where is this duplex located?
The property is located at 9 Germain Avenue Quincy, MA.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Two‑family built in 1929 with approx. 2,150 sq ft of living space, 6 bedrooms, and 2 full bathrooms; Updated kitchens in each unit with stainless steel appliances and ample cabinet space; Hardwood floors in the bedrooms; tile‑finished bathrooms
