Exceptional opportunity to acquire a five-unit multifamily property ideally located near Quincy Center. Situated just a half mile from the Quincy Center MBTA station, this property offers unmatched access to public transportation, major highways, shopping, dining, and city amenities.The property features five residential units with strong value-add potential. One unit has been recently renovated and is currently rented for $2,490, providing an excellent example of the quality and aesthetic that can be achieved throughout the building. The remaining units present an opportunity for investors to increase income through additional improvements and rent optimization. With its desirable central location, accessibility, and long-term rental demand, 83–85 Water Street represents an ideal investment for both seasoned investors and those seeking to expand their portfolio in a thriving market. Currently Grossing $113,280.00 with potential to gross $152,736.00 once all units are stabilized.
This home has been viewed 24 times
Last Checked: December 2nd, 2025 at 8:58am (Source: MLS PIN #73454150)
Gross Income: $97,080
Gross Expenses: $11,233
Net Income Calc: $85,847
CAP Rate: 6.87%
Annual Expenses for 81-85 Water St, Quincy MA 02169
Total Gross Expenses (Calculated)$11,233/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$11,233
Annual Income & Unit Breakdown for 81-85 Water St, Quincy MA 02169
Total Gross Income (Calculated)$97,080
Unit 1
Rental Income$1,750
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$1,950
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,900
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$2,490
LeaseN
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 81-85 Water St, Quincy MA 02169
Listing ID73454150
Property TypeMulti Family
Price$1,248,999 ($352.82/SqFt)
Style5+ Family - 5+ Units Up/down
CityQuincy
CountyNorfolk
MLS AreaQuincy Center
Neighborhood(s)
Approximate Living Area Total3,540 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking4 (1 Garage)
Garage Parking1 / Detached
Year Built1830
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningRESB
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 81-85 Water St, Quincy MA 02169
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$83,400
Total Net Income By Broker$83,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 81-85 Water St, Quincy MA 02169
Real Estate Taxes$11,233
Tax Year2025
Assessed Value$974,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$83,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$83,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.87%
Location Information for 81-85 Water St, Quincy MA 02169
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaQuincy Center
Area Amenities
Contact Information for 81-85 Water St, Quincy MA 02169