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7-9 Holmes St 12 Unit Apartment Building $4,000,000 ($333,333/Unit) 5.47% Cap Rate Quincy, MA 02171
INVESTMENT HIGHLIGHTS
- Steps to North Quincy Train Station to Boston
- Off Street parking
- All units renovated the last 5 years
EXECUTIVE SUMMARY
The apartments located at 7Holmes Street in Quincy, MA is comprised of 12 units (11 one-bedrooms and 1 studio) in a 2.5-story brick garden style property built in 1970. Situated on an 8,070 square foot site, the property contains 7,530 square feet in livable area along with up to 12 parking spaces. The property benefits from it's location just steps from the North Quincy MBTA station, providing working commuters direct access to Boston's employment centers. Owner has renovated all of the units.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $333,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.47% | Building Size | 8,070 SF |
| Gross Rent Multiplier | 13.11 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2024 |
| Property Subtype | Apartment | ||
| Zoning | BUS-B, Quincy - Business B | ||
| Price | $4,000,000 |
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| Gross Rent Multiplier | 13.11 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,070 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2024 |
| Zoning | BUS-B, Quincy - Business B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | QUIN-006036-000000-000020 | Improvements Assessment | $3,095,500 (2025) |
| Land Assessment | $306,000 (2025) | Total Assessment | $3,401,500 (2025) |
PROPERTY TAXES
Parcel Number
QUIN-006036-000000-000020
Land Assessment
$306,000 (2025)
Improvements Assessment
$3,095,500 (2025)
Total Assessment
$3,401,500 (2025)
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7-9 Holmes St
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