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Home Massachusetts Multi-Family Homes for Sale

1 Petrel Rd Quincy, MA 02169
NEW
21
$1,200,000
Total Beds: 5 Total Baths: 5
Total Units: 5 SQFT: 2155
LOT size: 0.22 Acres
1 Petrel Rd
Quincy, MA 02169
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Property Description

Wonderful Adam's Shore Neighborhood. 5 Unit residential apartment building. Updated kitchens and baths. Easy access the fully revitalized Quincy Center which offers residents countless dining and entertainment options in addition to Red Line and Commuter Rail. Great investment opportunity! The property is comprised of (4) 1-bedroom / 1 bath units. and (1) 2-bedrooms/1 bath units. **Deed Restriction: "All 5 residential units located within the property shall now, and hereafter, be subject to and restricted by the requirements of the City of Quincy Affordable Housing Guidelines, and rules & regulations promulgated by the Commonwealth of Massachusetts and adopted by the city of Quincy." Property sold as is where is. 4 units are currently occupied. The property has water views from 2 levels. 5 onsite parking spaces.
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Property Details

Building Information

  • Total Units: 5
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Highway Access, Medical Facility, Other (See Remarks), Park, Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided, Pro. Forma Available
  • Gross Operating Income: 112200
  • Gross Expenses: 32242
  • Net Operating Income: 79958

Utilities

  • 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

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73367331
  • Last Updated: 04/30/25

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Map

Seller's Representative: Naoual Khermez, Patriot Real Estate Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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 2025-04-30 15:53:00

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