81-85 Water St, Quincy, MA 02169

$1,150,000
6
BD
5
BA
3,540
SqFt

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Listing courtesy of Listing Agent: Egi Gjikondi from Listing Office: Stony Brook & Lennox Realty Advisors.

Sold Price
$1,150,000
List Price
$1,249,999
Status
SOLD
Days on Market
170
Closing Date
May 01, 2026
MLS#
73454150
Subtype
Residential Income
Year Built
1830
Bedrooms
6
Bathrooms
5
Full Baths
5
Living Area
3,540
Lot Size
2,977
Acres
0.07
MLS Area Major
Quincy Center

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 $126,480.00 with potential to gross $152,736.00 once all units are stabilized.

Additional Information

Taxes
$11,233
Financing
Other
Zoning
RESB
Stories
6
Levels
6
Foundation
Other
Parking Features
Off Street
Garage Spaces
1

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