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81-85 Water StQuincy, MA 02169

For Sale

$1,249,999

Smart Buyer Rebate $6,250

Exceptional opportunity to acquire a five-unit multifamily property ideally located near Quincy Center. Situated just a half mile from the Quincy Center MBTA station, this property offers unmatched access to public transportation, major highways, shopping, dining, and city amenities.The property features five residential units with strong value-add potential. One unit has been recently renovated and is currently rented for $2,490, providing an excellent example of the quality and aesthetic that can be achieved throughout the building. The remaining units present an opportunity for investors to increase income through additional improvements and rent optimization. With its desirable central location, accessibility, and long-term rental demand, 83–85 Water Street represents an ideal investment for both seasoned investors and those seeking to expand their portfolio in a thriving market. Currently Grossing $126,480.00 with potential to gross $152,736.00 once all units are stabilized.

Listed by Kristi Gjikondi

·

Gjikondi Realty

·

781-558-3465

Listed by Egi Gjikondi

·

Gjikondi Realty

Last updated March 14, 2026

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Source: MLSPin #73454150

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Quincy
  • Bedrooms6
  • Bathrooms5
  • Days on Prevu124
  • Taxes$11,233/year
  • Size3,540 sqft
  • Price per sqft$353

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/10/2026
Status changed to Active
$1,249,999
03/10/2026
Price Increased
$1,249,999
12/17/2025
Status changed to Withdrawn
$1,248,999
11/20/2025
Price Decreased
$1,248,999
11/12/2025
Listed by Gjikondi Realty
$1,249,999

Property Details for 81-85 Water St

Exterior

Construction

  • Number Of Units Total: 5
  • Stories: 6
  • Stories Total: 6
  • Year Built: 1830
  • Year Built Details: Actual

Features

  • Road Frontage Type: Public

Measurements

  • Building Area Total: 3,540
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,977
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $83,400.00

Taxes

  • Parcel Number: M:3004 B:12,180100
  • Tax Annual Amount: $11,233.00
  • Tax Assessed Value: $974,200.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 3,540
  • Living Area Source: Public Record

Rooms

  • Basement: Unfinished
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 6
  • Rooms Total: 16

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Open Parking Spaces: 2
  • Parking Features: Off Street
  • Parking Total: 3

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 6 bedrooms and 5 bathrooms in this multi-family home at 81-85 Water St.

Does this multi-family home have parking?

Yes, there is 1 parking space available for 81-85 Water St.

What are the annual taxes for 81-85 Water St?

Annual taxes for this multi-family home are estimated at $11,233.

How does 81-85 Water St compare to other multi-family homes in South Quincy?

This multi-family home is listed 13% below the average price for multi-family homes in South Quincy and has been on the market for 68 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,540 sqft.

81-85 Water St is a 6-bedroom, 5-bath multi-family home for sale in Quincy MA 02169. On Prevu for 124 days at $1,249,999. This includes a recent price increase of $1,000. This residence features 3,540 square feet of living space, located in South Quincy. The median listing price for multi-family homes in this area is $759,000. Property amenities include parking. Browse more multi-family home listings in Quincy.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.