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Home Massachusetts Quincy Multi-Family Homes for Sale

81-85 Water St Quincy, MA 02169

23 Days on Boston Pads

Price Reduced $1,000

28 Photos

$1,248,999

5 Unit

6 Beds

5 Baths

3540 SQFT

0.07 Acre

81-85 Water St

Quincy, MA 02169

View Map

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.

Property Overview

Building Information

Total Units: 5
Total Floors: 6
Total Bedrooms: 6
Total Full Baths: 5
Basement Features: Unfinished Basement

Financial

APOD Available: No
Gross Operating Income: 83400
Net Operating Income: 83400

Utilities

Water: City/Town Water, Private
Sewer: City/Town Sewer, Private

Unit 1 Description

Under Lease: No
Floors: 1
Levels: 2

Unit 2 Description

Under Lease: No
Floors: 1
Levels: 1

Unit 3 Description

Under Lease: No
Floors: 2
Levels: 1

Unit 4 Description

Under Lease: No
Floors: 3
Levels: 1

Construction

Year Built: 1830
Type: 5+ Family - 5+ Units Up/Down
Foundation Info: Other (See Remarks)
Lead Paint: Unknown
Warranty: No

Other Information

MLS ID# 73454150
Last Updated: 12/01/25

Date	Event	Price	Price/Sq Ft	Source
11/24/2025	Active	$1,248,999	$353	MLSPIN
11/20/2025	Price Change	$1,248,999	$353	MLSPIN
11/16/2025	Active	$1,249,999	$353	MLSPIN
11/12/2025	New	$1,249,999	$353	MLSPIN
11/16/2024	Expired	$1,100,000	$311	MLSPIN
09/08/2024	Temporarily Withdrawn	$1,100,000	$311	MLSPIN
08/24/2024	Active	$1,100,000	$311	MLSPIN
08/20/2024	New	$1,100,000	$311	MLSPIN

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View Breakdown

Map & Resources

Saint Johns School

School

0.08mi

Paddy Barrys

Bar

0.33mi

South Shore Music Hall

Bar

0.35mi

Brothers Roast Beef & Pizza

Sandwich (Fast Food)

0.28mi

Boston Market

American & Chicken (Fast Food)

0.33mi

Fusion Kitchen

Restaurant

0.15mi

Royal Hotpot Korean BBQ & Bar

Barbecue & Korean Restaurant

0.19mi

IHOP. International House of Pancakes

Restaurant

0.3mi

Napoli Pizzeria

Pizzeria

0.33mi

Quincy Fire Department

Fire Station

0.21mi

Central Fire Station

Fire Station

0.21mi

Northeast Health & Fitness

Fitness Centre

0.24mi

Bradford Street Playground

Municipal Park

0.12mi

Adams National Historical Park

Park

0.21mi

Faxon Park

Municipal Park

0.26mi

Generals Park

Park

0.27mi

Abigail Adams Park

Municipal Park

0.28mi

William H. Flynn Playground

Municipal Park

0.32mi

Olindy's

Bowling Alley

0.37mi

Citizens Bank

Bank

0.22mi

Quincy Credit Union

Bank

0.25mi

Massage Envy

Massage

0.22mi

Leonardo's Salon & Spa

Hairdresser

0.29mi

Nailbar by Jessica

Nails

0.29mi

Supercuts

Hairdresser

0.32mi

First Class Hair Braiding Salon

Hairdresser

0.46mi

Visionworks

Optician

0.29mi

Star Market - Shaw's

Supermarket

0.26mi

Kam Man Foods

Supermarket

0.43mi

Dollar Tree

Variety Store

0.36mi

Dollar Tree

Variety Store

0.45mi

Hancock Market & Liquor

Convenience

0.38mi

Walgreens

Pharmacy

0.28mi

TJ Maxx

Department Store

0.37mi

Rent-A-Center

Furniture

0.33mi

Franklin St @ Guild St

236

0.12mi

Franklin St @ Water St

215

238

0.12mi

Franklin St @ Water St

215

230

236

238

0.13mi

Franklin St @ Pearl St

230

236

238

0.15mi

School St @ Phipps St

215

230

236

238

0.15mi

Franklin St opp Pearl St

230

236

238

0.16mi

School St opp Gay St

215

230

236

238

0.18mi

Quincy Ave @ Water St

225

0.2mi

Nearby Areas

Boston Multi-Family Homes for Sale

Braintree Multi-Family Homes for Sale

Hingham Multi-Family Homes for Sale

Milton Multi-Family Homes for Sale

Quincy Multi-Family Homes for Sale

Weymouth Multi-Family Homes for Sale

Seller's Representative: Egi Gjikondi, Gjikondi Realty
MLS ID#: 73454150

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-12-01 16:23:00