West Quincy Three-Family
91 Garfield Street Quincy, MA 02169
91 Garfield Street, Quincy, MA, 02169
$1,049,000
For Sale
$1,049,000
Well-maintained three-family in West Quincy with strong investment potential.
Property Size2,996 SF
Price / SF$350.13
Days on Market86
Property Features for 91 Garfield Street
General Information
- Standard status
- Active
- Size
- 2,996 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1830
Listing Agency
RE/MAX Realty Pros
Listed by
Tom McFarland
Source
Milburyre
Added: Apr 23 Checked: May 18 at 8:44 pm
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 RE/MAX Realty Pros
Investment Insights
Based on property information with market context.
This well-maintained three-family property is located in West Quincy. It features three two-bedroom units. Two of the units are townhouse style, one including two full bathrooms and the other including one full and one-half bathroom. Each unit has separate utilities and in-unit laundry. The property includes a large off-street parking area and an outdoor patio. A bus stop is located at the street corner, and the MBTA Red Line is within walking distance. Routes 3 and 93 are easily accessible. The property is suitable for both owner-occupants and investors. The property size is 2996 square feet.
Key Highlights
- Three units, two are townhouse style.
- All units feature in‑unit laundry.
- Separate utilities 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 | $77.3k | $25.80 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $72.3k | $24.12 |
| − OpEx | −$21.7k | −$7.24 |
| NOI | $50.6k | $16.89 |
2,996 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.7K
$632.4K – $843.2K
NOI $50,591 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$663.8K
$580.9K – $774.5K
NOI $46,468 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,962 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family in West Quincy with strong investment potential.
Where is this triplex located?
The property is located at 91 Garfield Street Quincy, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Three units, two are townhouse style.; All units feature in‑unit laundry.; Separate utilities for each unit.
