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.

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Basic Information

Gross Income $106,500
Lot Features Cul-De-Sac
Mls StatusActive
Parcel Number M:3003 B:22,180083
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $1,175,800
Tax Year 2025
Taxes$13,556

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Common, Driveway, Paved
Parking Spaces12

Rooms

Bathroom8
Bathrooms Total Decimal 7.5
Bedrooms11
Full Bath7
Half Baths1

Basic Information

List Price$3,850,000
MLS Number73507731
Modification Date05/14/2026
Property SubType5-9 Family

Location

Address39-47 Water Street
Building Number39-47
CountyNorfolk
StateMA
StreetWater Street
TownQuincy
Zip02169

Building

BasementFinished
Building Area Units Square Feet
FoundationConcrete Perimeter, Stone, Irregular
Levels 8
Rooms28
Stories8
Units6
Year Built1900
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.35

Interior

Interior Features Laundry Room

Exterior

RoofShingle, Slate

Utilities

Electric Circuit Breakers
Heat SystemYes
Heating Natural Gas
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 6,706
Lot Size Square Feet 15,360
Lot Size Units Acres
Road Responsibility Public Maintained Road
Square Feet6,706

Amenities

Amenities
- Golf
- Highway Access
- House of Worship
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- T-Station
- University
- Walk/Jog Trails
Appliances IncludedWasher, Dryer
Other AmenitiesBasement, Golf

Legal

ZoningBUSB

Other

Date Listed04/27/2026
Farm Land Area Units Square Feet
View Count7

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Newton, MA

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Newton, MA