81-85 Water St, Quincy, MA 02169
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$1,249,999
5 Unit
6 Beds
5 Baths
3540 SQFT
0.07 Acre

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 vacant, 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. Open House Saturday 12:00pm - 2:00pm.

Property Details tap to expand

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: 11/12/25

Property History tap to expand

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09/08/2024Temporarily Withdrawn$1,100,000$311MLSPIN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

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Seller's Representative: Egi Gjikondi, Gjikondi Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-11-12 17:13:00

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