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THE WILLARD 510 Willard St 30 Unit Apartment Building $13,999,000 ($466,633/Unit) Quincy, MA 02169
EXECUTIVE SUMMARY
The Willard in Quincy, MA is a brand new 100% Free Market Luxury Apartment community that offers an excellent investment opportunity for an astute investor.
Conveniently located just 3 miles from the City of Boston right off the exit of I-93. The property features spacious two and three bedroom layouts with high-end finishes, including quartz countertops, stainless steel appliances and in-unit laundry. Each apartment includes off-street parking and separately metered utilities.
Conveniently located just 3 miles from the City of Boston right off the exit of I-93. The property features spacious two and three bedroom layouts with high-end finishes, including quartz countertops, stainless steel appliances and in-unit laundry. Each apartment includes off-street parking and separately metered utilities.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,080,840
|
$50.42
|
| Other Income |
$27,600
|
$1.29
|
| Vacancy Loss |
$32,425
|
$1.51
|
| Effective Gross Income |
$1,076,015
|
$50.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
$275,489
|
$12.85
|
| Total Expenses |
$275,489
|
$12.85
|
| Net Operating Income |
$800,526
|
$37.34
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,080,840 |
| Annual Per SF | $50.42 |
| Other Income | |
|---|---|
| Annual | $27,600 |
| Annual Per SF | $1.29 |
| Vacancy Loss | |
|---|---|
| Annual | $32,425 |
| Annual Per SF | $1.51 |
| Effective Gross Income | |
|---|---|
| Annual | $1,076,015 |
| Annual Per SF | $50.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $275,489 |
| Annual Per SF | $12.85 |
| Total Expenses | |
|---|---|
| Annual | $275,489 |
| Annual Per SF | $12.85 |
| Net Operating Income | |
|---|---|
| Annual | $800,526 |
| Annual Per SF | $37.34 |
PROPERTY FACTS
| Price | $13,999,000 | Building Class | B |
| Price Per Unit | $466,633 | Lot Size | 0.63 AC |
| Sale Type | Investment | Building Size | 21,438 SF |
| Gross Rent Multiplier | 12.95 | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 2.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RESC | ||
| Price | $13,999,000 |
| Price Per Unit | $466,633 |
| Sale Type | Investment |
| Gross Rent Multiplier | 12.95 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 21,438 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 2.8/1,000 SF |
| Zoning | RESC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
| 2+2 | 4 | - | - |
| 3+2 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | QUIN-004040-000055-A000000 | Total Assessment | $3,974,100 (2025) |
| Land Assessment | $1,200,000 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $2,774,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
QUIN-004040-000055-A000000
Land Assessment
$1,200,000 (2025)
Improvements Assessment
$2,774,100 (2025)
Total Assessment
$3,974,100 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2024
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THE WILLARD | 510 Willard St
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