$1,248,999

81-85 Water St, Quincy, MA 02169

  • 6 beds |
  • 5 baths |
  • 3,540 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1830
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $353/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

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.

Listing Status:
Active
Date Added:
November 12, 2025 at 06:00AM
Listing Office:
Gjikondi Realty : 781-558-3465
Listing Agent:
Egi Gjikondi : 781-605-8924
MLS ID:
73454150
  • Basement: Unfinished
  • Fireplace: Fireplaces: 0
  • Parking: Off Street
  • General: 6Other
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Norfolk
  • Zoning: RESBM:3004 B:12180100
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Egi Gjikondi, Gjikondi Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lincoln - Hancock Community School

300 Granite St, Quincy, MA, 02169

Grades KG-4

0.50 miles away

P

Point Webster Middle School

60 Lancaster St, Quincy, MA, 02169

Grades 5-8

0.64 miles away

Q

Quincy High School

100 Coddington St, Quincy, MA, 02169

Grades 9-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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