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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Residential income homes
293 Fayette St, Quincy, MA 02170-1617
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0692402
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1930
Construction
FRAME
Total area
5,523 SF
Lot
0.18 ac (8,000 SF)
Zoning code
RESB
APN
QUIN M:5118 B:9 L:9
UPID
US38-0692402
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
293 Fayette LLC · 2 yrs held
293 Fayette LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
RESB · Quincy, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+50.2%
Auto repair, garage
$1.8M
+12.7%
Retail stores
$1.7M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Quincy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quincy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,620,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
$1,430,000
6.5%
$1,320,000
7%
$1,225,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Current use
RESTAURANT
$2,370,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,660,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,465,000
Change: -7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,315,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.58M (Nov 16 2023)
Last sale anchor
$1.58M
Nov 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$289 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,238
Tax year 2024
Assessed value
$1,707,000
Assessed 2024
Previous assessed
$1,707,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$411,400
Assessed improvement
$1,295,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
16
Rooms
22
Bathrooms
3
Total area
5,523 SF
Lot
0.18 ac (8,000 SF)
Zoning code
RESB
APN
QUIN M:5118 B:9 L:9
UPID
US38-0692402
Jurisdiction
QUINCY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RESB · Quincy, MA
Zoning RESB · permitted uses
RESB · Quincy, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Quincy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
16
Rooms
22
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
293 Fayette LLC
Entity
Mailing address
232 W CANTON ST APT #4, BOSTON, MA 02116-5845
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
293 Fayette LLC
—
Deed
related
$650,000 · Wakefield Cooperative Bank
Nov 16, 2023
—
293 Fayette LLC
Residences At Roosevelt L
Quit Claim Deed
related
$650,000 · Wakefield Cooperative Bank
Jul 30, 2021
$1,575,000
Residences At Roosevelt
Brisk INC
Quit Claim Arm's Length For Ne States
$1,881,250 · Wakefield Cooperative Bank
Oct 15, 2001
—
Brisk INC
—
Deed Of Trust
related
$667,000 · Ma Housing Partner Fund
Feb 26, 1998
—
Harbor RT
—
Deed Of Trust
related
$400,000 · Duco Assoc
Oct 7, 1997
—
Harbor RT
—
Deed Of Trust
related
$250,000 · Duco Assoc
May 30, 1997
—
Harbor RT
—
Deed Of Trust
related
$200,000 · Duco Assoc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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