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245-247 Newport Ave, Quincy MA 02170

$1,330,000

Estimated $3,065/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $332,500

Total Rent: 96000/year

Estimated CAP Rate:

7 Bedrooms

Baths

3305

Total Parking: 5

5,000 (0.11)

Location! Location! Location! Excellent investment opportunity in the heart of Wollaston! This well-maintained multi-family property is available for purchase individually or together with the adjacent property for $2.18M. Just a 2-minute walk to the Wollaston T Station, offering exceptional commuter convenience and strong rental demand. The property features three 2-bedroom units plus a 1-bedroom basement unit, totaling four legal rental units with excellent income potential. Recent updates include a new electrical system (2024), electric heating conversion (2024–2025), updated flooring, and ample parking. Conveniently located near shopping, restaurants, and major highways, this is a rare opportunity to own an income-producing property in one of Wollaston's most desirable locations. The adjacent property is also available, offering the potential to create a six-unit investment portfolio.

This home has been viewed 122 times

Last Checked: July 27th, 2026 at 6:18am (Source: MLS PIN #73544008)

Gross Income: $96,000

Gross Expenses: $10,902

Net Income Calc: $85,098

Water Views

Annual Expenses for 245-247 Newport Ave, Quincy MA 02170

Total Gross Expenses (Calculated)$10,902/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10902

Annual Income & Unit Breakdown for 245-247 Newport Ave, Quincy MA 02170

Total Gross Income (Calculated)$96,000

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Levels in Unit1

Rent Includes

General Information for 245-247 Newport Ave, Quincy MA 02170

Listing ID73544008

Property TypeMulti Family / 4 Family

Price1330000 ($402.42/SqFt)

Style4 Family

CityQuincy

CountyNorfolk

Neighborhood(s)

Approximate Living Area Total3305

Approximate Lot Size (Acres)0.11

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Area1366

Foundation Description

Accessible Features

Outdoor Space

ZoningBUSB

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 245-247 Newport Ave, Quincy MA 02170

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWindow Air Conditioners

Financial Data Source

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 245-247 Newport Ave, Quincy MA 02170

Real Estate Taxes10902

Tax Year2026

Assessed Value$925,500

Financial Data Source

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 245-247 Newport Ave, Quincy MA 02170

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 245-247 Newport Ave, Quincy MA 02170

Agent

Name: Christine Xie

Office

Name: Denkar Realty Group

Phone: 617-792-7871

Payment Calculator

, Interest

Property Taxes 908.5

Principal & Interest 8195.04

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Denkar Realty Group

Christine Xie

Agent Phone

Office Phone

(617) 792-7871

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

245-247 Newport Ave, Quincy MA 02170

$1,330,000

Annual Expenses for 245-247 Newport Ave, Quincy MA 02170

Annual Income & Unit Breakdown for 245-247 Newport Ave, Quincy MA 02170

General Information for 245-247 Newport Ave, Quincy MA 02170

Disclosures for 245-247 Newport Ave, Quincy MA 02170

Financial Information for 245-247 Newport Ave, Quincy MA 02170

Location Information for 245-247 Newport Ave, Quincy MA 02170

Contact Information for 245-247 Newport Ave, Quincy MA 02170

Agent

Office

Payment Calculator

Exclusive Listing Agent

Denkar Realty Group

Christine Xie