245-247 Newport Ave, Quincy, MA 02170
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$1,370,000
4 Unit
7 Beds
4 Baths
3305 SQFT
0.11 Acre

Property Description

Location! Location! Location! Excellent investment opportunity in the heart of Wollaston! This well-maintained multi-family property is available for purchase individually or together with the adjacent property for $2.18M. Just a 2-minute walk to the Wollaston T Station, offering exceptional commuter convenience and strong rental demand. The property features three 2-bedroom units plus a 1-bedroom basement unit, totaling four legal rental units with excellent income potential. Recent updates include a new electrical system (2024), electric heating conversion (2024–2025), updated flooring, and ample parking. Conveniently located near shopping, restaurants, and major highways, this is a rare opportunity to own an income-producing property in one of Wollaston's most desirable locations. The adjacent property is also available, offering the potential to create a six-unit investment portfolio.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court
  • Basement Features: Full, Partially Finished
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Interior Features: Tile Floor
  • Common Appliances: Range, Refrigerator

Financial

  • APOD Available: Yes
  • Gross Operating Income: 96000
  • Net Operating Income: 96000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73544008
  • Last Updated: 07/11/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/11/2026Active$1,370,000$415MLSPIN
07/07/2026Price Change$1,370,000$415MLSPIN
07/05/2026Active$2,180,000$660MLSPIN
07/01/2026New$2,180,000$660MLSPIN

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Seller's Representative: Christine Xie, Denkar Realty Group
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 2026-07-11 03:05:00

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