The Residences at Des Moines is a truly unique opportunity to acquire for the first time a 7-unit investment property built in 2005 located in Quincy, Ma. The property is comprised of (5) two-bedroom/two-bath units, (1) two-bedroom/one-bath unit, and a top floor four-bedroom/three-bath top floor penthouse unit. The property features expansive layouts, central air-conditioning, in-unit laundry, private balconies, and two parking spaces per unit. The building is fully sprinklered and has separate utilities including water/sewer which bodes well for a future condo-exit strategy. Des Moines is conveniently located directly on the public bus line and a short ride to Quincy Center. Investors will be able to take advantage of the significant property appreciation and rent growth that Quincy continues to experience.
This home has been viewed 10 times
Last Checked: May 31st, 2026 at 4:28am (Source: MLS PIN #73521714)
Gross Income: $59,400
Gross Expenses: $27,406
Net Income Calc: $31,994
Annual Expenses for 13-21 Des Moines, Quincy MA 02169
Total Gross Expenses (Calculated)$27,406/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax27406
Annual Income & Unit Breakdown for 13-21 Des Moines, Quincy MA 02169
Total Gross Income (Calculated)$59,400
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor3
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
Unit 4
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
General Information for 13-21 Des Moines, Quincy MA 02169
Listing ID73521714
Property TypeMulti Family / 5+ Family
Price2575000 ($281.11/SqFt)
Style5-9 Family
CityQuincy
CountyNorfolk
Neighborhood(s)
Approximate Living Area Total9160
Approximate Lot Size (Acres)0.32
Total Parking14
Garage Parking0
Year Built2005
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
Basement
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningBUSB
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 13-21 Des Moines, Quincy MA 02169
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsTree House
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 13-21 Des Moines, Quincy MA 02169
Real Estate Taxes27406
Tax Year2026
Assessed Value$2,326,500
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 13-21 Des Moines, Quincy MA 02169
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 13-21 Des Moines, Quincy MA 02169
Agent
Name: Tony Pepdjonovic
Office
Name: Marcus & Millichap Real Estate Investment Services