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
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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Status changed to Withdrawn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.
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