39-47 Water St
$3,849,999
11
Beds
7/1
Baths
6,706
Sqft
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$3,849,999
11
Beds
7/1
Baths
6,706
Living Area
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Property Description
Unique Multi-Structure Investment Opportunity, Res/Bus Zone: Maybe a land lease is in your mind. 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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Highlights
- Heating: Natural Gas
- Parking Spots: 12
- Property Type: 5-9 Family
- Total Rooms: 28
- Status: Active
- Levels: 8
- Property Class: Residential Income
- Stories: 8
- Year Built: 1900
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Additional Details
- Appliances: Washer, Dryer
- Foundation: Concrete Perimeter, Stone, Irregular
- Lot Features: Cul-De-Sac
- Roof: Shingle, Slate
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Finished
- Interior Features: Laundry Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Busb
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street, Common, Driveway, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,175,800
- Taxes: $13,556
- Tax Year: 2025
- Total Rent: $7,275
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of HomeSmart First Class Realty.
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