Unit Information
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.
- Additional Details
- Type: Multi-Family, 5+ Family - 5+ Units Up/Down
- Area: Quincy Center
- Zip Code: 02169
- Levels: 6
- Parking
- Garage: 1
- Garage Capacity: 3
- Parking: Off Street
- Parking Spaces: 3
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 6
- Total Rooms: 16
- Fees
- Rental Price: 8090
- Taxes: 11233
- Tax Year: 2025
- Utilities
- Sewer and Water: Public Sewer
- MLS Details
- Basement Features: Unfinished
- Foundation: Other
- Lot: 0.07
- Lot Description: Corner Lot
- Stories: 6
- SqFt Includes Basement: 3540
- SqFt Source: Public Record
- Total Bedrooms: 6
- Total Baths (Full): 5
- Total Rent: 8090
- Total Rooms: 16
- Year Built Description: Actual
- Year Built Source: Public Records
- Zoning: RESB
- $112,000 31 Lamberts Cove Road Vh434, Tisbury, MA
- $110,000 17 Round Pond Rd Ch240, Chilmark, MA
- $100,000 30 Devon Street - Full Compound, Nantucket, MA
- $100,000 60 Witchwood Lane Ed317, Edgartown, MA
- $100,000 30 Devon The Dips, Nantucket, MA
- $100,000 1 Dalton St 5801/5802, Boston, MA
- $80,000 30 Devon The Dips, Nantucket, MA
- $80,000 7 Mill Hill Farms Rd Ed315, Edgartown, MA
- $65,000 30 Devon Street - Big Dip, Nantucket, MA
- $65,000 30 Devon The Big Dip, Nantucket, MA
- $65,000 1 Pochick Avenue, Nantucket, MA
- $64,000 385 Barnes Rd Ob534, Oak Bluffs, MA
- $56,800 2 Nonamesset Rd Ed319, Edgartown, MA
- $55,000 10 Maxey Pond Road, Nantucket, MA
- $50,700 6 Trails End Ch241, Chilmark, MA
- $50,000 17 Edgartown Bay Rd Ed328, Edgartown, MA
- $50,000 6 Walbang Ave, Nantucket, MA
- $50,000 29 Naushon Rd Wt142, West Tisbury, MA
$1,248,999
- MLS #: 73454150
- Bedrooms: 6
- Full Baths: 5
- Living Area: 3,540 sqft Convert
- Lot Size: 2,977 sqft Convert
- Acres: 0.07
- Year Built: 1830
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Quincy real estate market to work for you.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Egi Gjikondi of Gjikondi Realty. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.