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INVESTMENT SNAPSHOT
About this property
Unique Multi-Structure Investment Opportunity, Res/Bus Zone: Exceptional Flexibility & Location.This 1 of-a-kind property offers a versatile mix of four separate buildings totaling six units, ideal for investors, owner-occupants, or developers seeking strong income potential with future upside. Property includes 2 single-family homes,1 two-family residence ,1 single-family home with an attached business space. All but 1 units are currently rented, providing immediate, steady cash flow from day one. Recent improvements include newly paved parking, ensuring ample, convenient off-street spaces for tenants and visitors. Prime Location Highlights:Close proximity to public transportation and train. Minutes to major highways. Near Quincy Center with shopping, dining, and amenities Just 0.5 miles to Faxon Park and trail system for relaxation.The seller has already completed the process and expense of preparing the property for condominium conversion to be transfered at closing.
Property details
| Units | 6 |
| Living area | 6,706 sqft |
| Lot size | 15,360 sqft |
| Year built | 1900 |
| Price / sqft | $574 |
| County | Norfolk |
| MLS # | 73507731 |
Listing status
| Days on market | 17 days |
| Listed on | April 27, 2026 |
Taxes & financials
| Annual property tax | $13,557 |
| Tax year | 2025 |
| Assessed value | $1,175,800 |
| Zoning | BUSB |
| Gross income (actual) | $106,500/yr |
| Net operating income (actual) | $106,500/yr |
| Total actual rent | $7,275/mo |
Building & lot
| Stories | 8 |
| Total rooms | 28 |
| Lot size | 0.35 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Parking | Paved Drive, Off Street, Common, Driveway, Paved |
| Basement | Finished |
| Foundation | Concrete Perimeter, Stone, Irregular |
| Roof | Shingle, Slate |
Utilities & systems
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Washer, Dryer |
Location
More about investing in Quincy →
Listing courtesy of HomeSmart First Class Realty — Jeanne Hickey. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 39-47 Water St, Quincy MA 02169 have?
It is a 6-unit multi-family property with 6,706 sqft of living area, built in 1900.
How long has 39-47 Water St, Quincy MA 02169 been on the market?
39-47 Water St, Quincy MA 02169 has been listed for 17 days (since April 27, 2026).
What is the estimated cap rate on this 6-family in Quincy?
Based on area median rents, the estimated cap rate is about 3.2%, with a Signal Score of 61/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $3,850,000 across 6 units, that works out to roughly $641,667 per unit.
What are the property taxes on 39-47 Water St, Quincy MA 02169?
Annual property taxes are $13,557 (2025), on an assessed value of $1,175,800.
What is the price per square foot?
At $3,850,000 for 6,706 sqft, that's about $574 per square foot.
Is there parking?
12 total parking spaces (paved drive, off street, common, driveway, paved).
Where is this property located?
39-47 Water St, Quincy MA 02169 is in Quincy, Norfolk County, MA 02169.
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