39-47 Water St, Quincy MA 02169
Quincy, MA 02169
$3,850,000
Est. $20,797/month
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About this home
Unique Multi-Structure Investment Opportunity, Res/Bus Zone: Maybe a land lease is in your mind. 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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Apr 27, 2026
$3,850,000
Original listing
Agent: Jeanne Hickey
Office: HomeSmart First Class Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/27/2026 | 🏠 Listed for Sale | $3,850,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $13,557 | $1,175,800 |
Financial Details
Annual Property Tax
$13,557
Tax Year 2025
Assessed Value
$1,175,800
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
6,706 sq ft
Lot Size
0.35 acres
Stories
8
Bedrooms
11
Full Baths
7
Half Baths
1
Total Rooms
28
Investment Metrics
Units
6
Unit 1 Rent
$2,450/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$2,850/mo · N
Unit 4 Rent
$1,975/mo · N
Total Monthly Rent
$7,275/mo
Gross Income
$106,500
Net Operating Income
$106,500
Cap Rate
2.77%
Interior
Heating
Natural Gas
Cooling
None
Flooring
None
Appliances
Washer, Dryer
Fireplace
None
Basement
Finished
Laundry
None
Features
Laundry Room
Exterior
Construction
None
Architecture
None
Roof
Shingle, Slate
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Common, Driveway, Paved
Total Spaces
12
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$13,557
Assessed Value
$1,175,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
The Seller Has Already Completed The Process And Expense Of Preparing The Property For Condominium Conversion To Be Transfered At Closing.survelance Cameras On Site. Some Photos Digitally Enhanced. Residential And Business Zoned. Possible Land Lease As Well.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Norfolk
Total market time (incl. prior listings)
117 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
11
Full Bathrooms
7
Half Bathrooms
1
Living Area
6,706 sq ft
Total Rooms
28
Stories
8
Levels
8
Floor Layout
Interactive room guide
Floor Layout
Finished Area
6,706 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Washer, Dryer
Interior Features:
Laundry Room
Windows:
Basement:
Finished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle, Slate
Foundation:
Concrete Perimeter, Stone, Irregular
Stories:
8
Heating, Cooling & Utilities
Heating:
Natural Gas
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Cul-De-Sac
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
12
Parking Features:
Paved Drive, Off Street, Common, Driveway, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,130
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
39-47 Water St, Quincy MA 02169
Quincy, MA 02169
Listing Information
Listing Agent
Jeanne Hickey
Listing Office
HomeSmart First Class Realty
Office Phone
508-927-1211
Agent MLS ID
CN203249
Office MLS ID
AN6494
Listing Data Updated
Aug 22, 2026 12:55 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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