Unique Multi-Structure Investment Opportunity, Res/Bus Zone: Exceptional Flexibility & Location.This 1 of-a-kind property offers a versatile mix of four separate buildings totaling six units, ideal for investors, owner-occupants, or developers seeking strong income potential with future upside. Property includes 2 single-family homes,1 two-family residence ,1 single-family home with an attached business space. All but 1 units are currently rented, providing immediate, steady cash flow from day one. Recent improvements include newly paved parking, ensuring ample, convenient off-street spaces for tenants and visitors. Prime Location Highlights:Close proximity to public transportation and train. Minutes to major highways. Near Quincy Center with shopping, dining, and amenities Just 0.5 miles to Faxon Park and trail system for relaxation.The seller has already completed the process and expense of preparing the property for condominium conversion to be transfered at closing.
| Units | 6 |
| Living area | 6,706 sqft |
| Lot size | 15,360 sqft |
| Year built | 1900 |
| Price / sqft | $574 |
| County | Norfolk |
| MLS # | 73507731 |
| Days on market | 17 days |
| Listed on | April 27, 2026 |
| Annual property tax | $13,557 |
| Tax year | 2025 |
| Assessed value | $1,175,800 |
| Zoning | BUSB |
| Gross income (actual) | $106,500/yr |
| Net operating income (actual) | $106,500/yr |
| Total actual rent | $7,275/mo |
| Stories | 8 |
| Total rooms | 28 |
| Lot size | 0.35 acres |
| Garage spaces | 0 |
| Parking spaces | 12 |
| Parking | Paved Drive, Off Street, Common, Driveway, Paved |
| Basement | Finished |
| Foundation | Concrete Perimeter, Stone, Irregular |
| Roof | Shingle, Slate |
| Heating | Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Washer, Dryer |
Listing courtesy of HomeSmart First Class Realty — Jeanne Hickey. Listing data © MLS PIN.
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It is a 6-unit multi-family property with 6,706 sqft of living area, built in 1900.
39-47 Water St, Quincy MA 02169 has been listed for 17 days (since April 27, 2026).
Annual property taxes are $13,557 (2025), on an assessed value of $1,175,800.
At $3,850,000 for 6,706 sqft, that's about $574 per square foot.
12 total parking spaces (paved drive, off street, common, driveway, paved).
39-47 Water St, Quincy MA 02169 is in Quincy, Norfolk County, MA 02169.