Six-Unit Brick Apartment
99 Newbury Ave Quincy, MA 02171
99 Newbury Ave, Quincy, MA, 02171
$1,500,000
For Sale
$1,500,000
Six-unit brick building features separate utilities, a recently installed sprinkler system, and all units under active leases.
Property Size6,336 SF
Price / SF$236.74
Days on Market9
Property Features for 99 Newbury Ave
General Information
- Standard status
- Active
- Size
- 6,336 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
Central Real Estate
(857) 222-6886
Listed by
Helen Mach · License #455013352
(857) 222-6886
Source
Iverty
Added: Jul 13 Updated: Jul 20 at 4:43PM Checked: Jul 21 at 3:28AM
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 Central Real Estate
Investment Insights
Based on property information with market context.
This six-unit brick apartment building offers a straightforward, turn-key setup for residential income. The roof is approximately 8 years old, and each unit has separate utilities. A sprinkler system has been recently installed to meet city requirements. All six units are currently occupied with active leases.
The property is located in the North Quincy area near North Quincy High School, Atlantic Middle School, and Francis W. Parker Elementary School. It is also within walking distance of the North Quincy T station, along with local banks and restaurants.
For buyers seeking an occupied, income-producing residential asset, this building’s combination of separated utilities, completed sprinkler compliance, and current tenancy supports immediate operational continuity. Appointments are required to view the property, and a commercial loan pre-approval letter is requested when scheduling a tour.
The property is located in the North Quincy area near North Quincy High School, Atlantic Middle School, and Francis W. Parker Elementary School. It is also within walking distance of the North Quincy T station, along with local banks and restaurants.
For buyers seeking an occupied, income-producing residential asset, this building’s combination of separated utilities, completed sprinkler compliance, and current tenancy supports immediate operational continuity. Appointments are required to view the property, and a commercial loan pre-approval letter is requested when scheduling a tour.
Key Highlights
- Six‑unit residential brick building built in 1900
- All units are currently occupied with active leases
- Separate utilities for all units
Local Financial Insights For Apartment 5plus
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 | $190.1k | $30.00 |
| − Vacancy | −$11.4k | −$1.80 |
| EGI | $178.7k | $28.20 |
| − OpEx | −$80.4k | −$12.69 |
| NOI | $98.3k | $15.51 |
6,336 SF · lease $30.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,271 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,158 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit brick building features separate utilities, a recently installed sprinkler system, and all units under active leases.
Where is this apartment building located?
The property is located at 99 Newbury Ave Quincy, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six‑unit residential brick building built in 1900; All units are currently occupied with active leases; Separate utilities for all units
