Active
135 Days on market
39-47 Water St Quincy — Photo 1 of 38

39-47 Water St Quincy — Photo 1 of 38

$3,850,000

39-47 Water St, Quincy, MA 02169

Quincy, MA 02169

Beds

11

Baths

7.5

SqFt

6,706

Style

5-9 Family

Built

1900

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$574/sqft
Local Avg (Quincy)$423/sqft
36% AboveMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Quincy, MA.

Property Details

Financials

Original Price$3,850,000
Annual Taxes$13,556.97

Parking

Garage0
Off-Street12

Interior Specifications

Total Rooms28
FireplacesNone
Flooring--
BasementFinished

Climate & Utilities

HeatingNatural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle, Slate
FoundationConcrete Perimeter, Stone, Irregular
ZoningBUSB

Property & Lot

Acres0.35
SqFt Lot15,360
Lot FeaturesCul-De-Sac

Amenities & Appliances

Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Population

62,993

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$96K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

59.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Norfolk County

1,189 housing units permitted in the last 12 months (+21% vs the prior 12 months) — 706 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Jeanne Hickey

Listing Office: HomeSmart First Class Realty

MLS® Number: 73507731

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