245-247 Newport Ave Quincy — Photo 1 of 19
Recent Drop: $850,000
$1,330,000
Investment Analysis — 245-247 Newport Ave
Quincy, MA 02170
Based on rent reported on the MLS listing, a 4-unit multi-family in 02170 carries $8,000/mo in gross rent — about a 4.67% cap rate and $62,058/yr in estimated NOI at the $1,330,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
4
SqFt
3,305
Style
4 Family
Built
1900
Location! Location! Location! Excellent investment opportunity in the heart of Wollaston! This well-maintained multi-family property is available for purchase individually or together with the adjacent property for $2.18M. Just a 2-minute walk to the Wollaston T Station, offering exceptional commuter convenience and strong rental demand. The property features three 2-bedroom units plus a 1-bedroom basement unit, totaling four legal rental units with excellent income potential. Recent updates include a new electrical system (2024), electric heating conversion (2024–2025), updated flooring, and ample parking. Conveniently located near shopping, restaurants, and major highways, this is a rare opportunity to own an income-producing property in one of Wollaston's most desirable locations. The adjacent property is also available, offering the potential to create a six-unit investment portfolio.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Golf • Medical Facility • Laundromat
Geography
Property History
$1,330,000
Was $1,370,000
Jul 23, 2026
MLS® 73544008
$1,370,000
Was $2,180,000
Jul 8, 2026
MLS® 73544008
$2,180,000
Jul 1, 2026
MLS® 73544008
Listing Agent: Christine Xie
Listing Office: Denkar Realty Group
MLS® Number: 73544008