Seller's Agent in 2024
Tony Pepdjonovic
Marcus & Millichap Real Estate Investment Services
(617) 896-7277
2 in this area
25 Total Sales
79 Gilbert St Quincy, MA 02169
South Quincy Neighborhood
10
Beds
4
Baths
3,117
Sq Ft
6,098
Sq Ft Lot
Highlights
- Golf Course Community
- Tennis Courts
- Park
- Property is near public transit and schools
- Jogging Path
- 2-minute walk to Kincaide Park
About This Home
As of July 202479-85 Gilbert Street is a great opportunity to acquire a 4-unit investment property in Quincy. The building is located less than a mile from Quincy Adams Station (MBTA Red Line) and steps to the new Southwest Middle School and newly built Kincaid Park. The building is comprised of (2) three-bedroom / 1 bath townhouse style apartments and (2) two-bedroom / 1 bath flats. The property has undergone significant improvements during the current ownership which include unit renovations, 100AMP electrical upgrade to each apartment, and high efficiency gas boilers. The property bodes well for an owner-occupant or an investor trying to capitalize on the incredibly strong Quincy rental market.
Last Agent to Sell the Property
Marcus & Millichap Real Estate Investment Services Listed on: 06/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,426
Year Built
- Built in 1900
Lot Details
- 6,000 Sq Ft Lot
- Fenced
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,117 Sq Ft Home
- Insulated Windows
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $10,258
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Coin Laundry
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $180
- Insurance Expense $3,998
- Water Sewer Expense $4,472
- Operating Expense $24,576
- Net Operating Income $98,520
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $1,250,000 | 0.0% | $401 / Sq Ft |
| 06/15/2024 06/15/24 | Pending | -- | -- | -- |
| 06/11/2024 06/11/24 | For Sale | $1,250,000 | -- | $401 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,709 | $1,015,500 | $285,000 | $730,500 |
| 2024 | $10,426 | $925,100 | $271,400 | $653,700 |
| 2023 | $9,672 | $869,000 | $246,700 | $622,300 |
| 2022 | $9,689 | $808,800 | $205,600 | $603,200 |
| 2021 | $7,833 | $645,200 | $205,600 | $439,600 |
| 2020 | $7,744 | $623,000 | $205,600 | $417,400 |
| 2019 | $7,029 | $560,100 | $194,000 | $366,100 |
| 2018 | $7,037 | $527,500 | $179,600 | $347,900 |
| 2017 | $7,191 | $507,500 | $171,100 | $336,400 |
| 2016 | $6,323 | $440,300 | $148,700 | $291,600 |
| 2015 | $6,220 | $426,000 | $148,700 | $277,300 |
| 2014 | $6,209 | $417,800 | $148,700 | $269,100 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Pepdjonovic
-
Sam Zhu
Buyer's Agent in 2024
Sam Zhu
Keller Williams Realty
(781) 843-3200
13 in this area
162 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73250577
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