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 vacant, 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. Open House Saturday 12:00pm - 2:00pm.
Listed by Kristi Gjikondi
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Gjikondi Realty
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781-558-3465
Listed by Egi Gjikondi
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Gjikondi Realty
Last updated November 16, 2025
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Source: MLSPin #73454150
Listing Facts
TypeMulti-family
NeighborhoodSouth Quincy
Bedrooms6
Bathrooms5
Days on Prevu7
Taxes$11,233/year
Size3,540 sqft
Price per sqft$353
Amenities
Parking
Location
Mortgage Calculator
Listing History
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
Parking Features: Off Street
Parking Total: 2
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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